Many were actually killed in the protest nor has it accepted any responsibility for the tragedy Indonesia's defense minister Prabowo Subianto has proposed a peace plan to end the war in Ukraine that features a demilitarized zone operating the two sides the zone would consist of both sides pulling back 15 kilometers from their forward positions where the gap being filled with United Nations troops Western security officials along with the Ukrainians have criticized the plan while China has praised the idea global news 24 hours a day powered by more than 2 ,700 journalists and analysts in over 120 countries I'm Dan Schwartzman and this is Bloomberg back to you Rish all right well let's at have a look defense chiefs from around the world as they gathered in Singapore for Asia's largest security forum is the III Shangri SS -La dialogue discussion centering around major threats in the region as tensions rise between China and the West now we did hear from the Australian defense minister Richard its economic and security relationship with China while maintaining its long -standing defense alliance with the United States small spoke to our very own as in the army obviously we want to see and more dialogue and dialogue matters which is why the Shangri -La dialogue I think is so important and so being enduring over the course of its history but I would say you know the common waters international waters international airspace are there for everyone and the United States is operating in accordance with its rights within those waters and it's important that those be maintained as open waters because because it's important that the global rules -based order be maintained in this region and certainly from an Australian perspective when we think about where our interest lies our interest lies in the rules of the road and that means freedom of navigation it means freedom of overflight and it means that in a place like the South China Sea for example where most of our trade transits so I don't think there's any other message than the need for the rules to be applied to every country. We heard from Prime Minister Albanese urging countries in the region to avoid getting caught between the US and China I mean until recently one would be forgiven for thinking that Australia is firmly on the side of the US strategically is Australia trying to get to the middle in terms of US -China relations. Well we have an alliance with the United States which has been in place since really since the end of the Second World War and formally since the 1950s. It's central to our national security and it's central to our world view and we're very committed to the Alliance and none of that changes. We are obviously a country of the region and our largest trading partner is China. We value a productive relationship with China and to we seek deal in our relationship with China on its own terms and I think it's complex that relationship because there are security anxieties that we have in respect of China. We are seeing a very significant buildup of its military and that's happening without a sense of strategic reassurance to us but to the region and the world about its purpose and we've got our issues. That said, we do have a significant economic relationship with China and we want to manage that as well. Ultimately this is actually the reason why dialogue matters. you How navigate those two things is complex, it's not obvious, it requires discussion and we want to have it. But the question is whether or not Australia can be seen as a neutral party when defence ministers before you have said that it is inconceivable that Australia will not defend Taiwan should China attack it. Well firstly I suppose in terms of Taiwan our position is that we don't to want see any change to the status quo across the Taiwan Straits. That is our very firm position and that's in the context of having a long -standing one China policy which has been the bipartisan policy in Australian politics going right back to the the mid 1970s. So that's where we stand in relation to Taiwan. Australian Defence Minister Richard Marles there chatting with Bloomberg's Haslinda Amin. 28 minutes past the hour this is Bloomberg. Broadcasting live from the Bloomberg active broker studio in New York Bloomberg 1130 to Washington DC Bloomberg 99 .1 to Boston Bloomberg 1061 to San Francisco Bloomberg 960 to the country Sirius 6M to 119 and around the globe the Bloomberg Business app and Bloombergradio .com. This is Bloomberg Daybreak Asia. We are counting you down to the start of the trading day in Asia for the trading week. I'm Richard Sullivan and I'm Brian Curtis here in Hong Kong and we're looking at Asian equity futures all broadly higher morning. this Nikkei futures at 32 ,020 and we closed at 31 ,500 change on Friday so you can see this scope for a big move to the upside although S &P E -minis are trading just up a tenth of one percent. More on the markets coming up but for now some of the top stories of the hour. Well we had another winning week for stocks S &P 500 index beginning the new trading week above 4 ,200 let's get more on the earnings backdrop from Bloomberg's Charlie Pettis. The frenzy over artificial intelligence had investors pouring money into