we discuss how the outcome could impact global currency markets. hello and welcome to business today. i'm steve lai. we pick apart the aftermath of yesterday's election here across japan. japan and its ruling party are waking up to new reality. the liberal democratic party don't have enough seats for a simple majority even with the help of the party komeito. they needed 332 seats, but they only managed 215. so after the exit polls were released, painting this grim picture for the ruling party, prime minister and leader of the party said they must take the results humbly and seriously. the two main part —— main factors were a string of corruption scandals

and an economy that has seen rising prices and stagnant wages squeeze citizens. an under indication of voters unhappiness was turnout was 53.84%, the third lowest since world war ii. surprisingly, the markets reacted with some optimism to the result. the nikkei 225 trading nearly 2% higher. the yen at a three—month low. i spoke with naomi fink, who had more insight on the uncertainty for the fourth—largest economy. my the fourth—largest economy. m biggest takeaway the fourth—largest economy. mg biggest takeaway is there were already the factors in place forjapan�*s equity market to continue recovering. it is optically overvalued. at the same time, we have started to see some positive signals in the consumer sector. so as the bank of japan the consumer sector. so as the bank ofjapan puts it, the virtuous circle injapan�*s

economy, and we probably have some good earnings to come. so it is probablyjustified to see the stock market holed up. and there are some pretty solid buyers coming in on dips as we saw in august, even if we do see some of the short term overseas investors selling, then a lot of the longer term domestic buyers come in. the households, the institutions, corporate spying back their own shares. lt corporate spying back their own shares. , shares. it will be here in jaan shares. it will be here in japan with _ shares. it will be here in japan with more - shares. it will be here in | japan with more coverage shares. it will be here in - japan with more coverage of this throughout the day on business today and newsday, as prime minister shigeru ishiba looks to cobble together a coalition. we will have to see how that plays out. i will push you back to katie silver in singapore. thanks for that, steve. aside from the vote injapan, there's another pretty big election we're counting down to — the us presidential election is just eight days away. with the two candidates still battling it out on the campaign trail, in what looks like a tight race, investors are paying close attention to the us dollar. so far in october, it has been

strengthening, with our currency analyst expecting that trend could continue if donald trump is re—elected. well, we have already seen signs of that being priced into the market. if you look at the past month, the dollar index is up nearly 4%, that is up significantly and taken the dollar up to zero point five at the time of this interview. in terms of the impact on the global economy, we have to take into account what make america great again version two might mean for global markets.— version two might mean for global markets. given the last presidency. — global markets. given the last presidency. yes. _ global markets. given the last presidency, yes, we _ global markets. given the last presidency, yes, we had - presidency, yes, we had uncertainty. however, to be fair, despite how controversial and some of the unpredictability of that administration, it was fantastic for the us financial markets. also fantastic for the us currency. and i would expect those type of trend to continue or remain in place if he does win. with that said, we also have to take into account that if kamala harris is victorious

and the opinion polls do appear to be neck and neck, although the betting markets are very clear that one candidate is leading, then i would expect for the dollar weakness to start resuming back into the market and for financial market investors to be focusing on central bank policy, inflation, but the unknown is that the previous president, who appears to be the leading candidate according to the betting markets, and how much uncertainty that might bring and what that might mean for markets overall. ln and what that might mean for markets overall.— markets overall. in japan, we have seen — markets overall. in japan, we have seen the _ markets overall. in japan, we have seen the end _ markets overall. in japan, we have seen the end appreciatej have seen the end appreciate this morning. briefly, what you think is coming up for the end? the japanese yen over the past month has gone all the way from 143 2153. that is a massive move in the financial markets. given the uncertainty, that is likely to continue injapan, we are likely to see more japanese yen weakness. the bank of japan, who have been very concerned about currency weakness throughout this year

anyway. quarter pounder burgers will be back on the menu this week in the us mcdonald's after they were taken off following an e. coli outbreak. the source of the problem has been identified to be onions served in 900 restaurants across a dozen states. those restaurants will also serve quarter pounder burgers this week, but without the slivered onions. staying in the slivered onions. staying in the us, it is a big earnings week for tech. the big tech companies have been betting big on al come up with analysts keen to see if their vast investments are paying off. investors on wall street are bracing themselves for big tech earnings this week. alphabet, meta, microsoft, amazon and apple all report.— apple all report. these five tech giant _ apple all report. these five tech giant combined - apple all report. these five | tech giant combined account apple all report. these five - tech giant combined account for 23% of the weighting of the s&p 500 index. so the reaction to their results could have big implications for the stock market rally. all expectations

are high for profit and sales, but investors will be alert to any underperformance, especially when it comes to artificial intelligence that could trigger volatility. analysts will zero in on advertising revenue when alphabet, google's parent company, a meta— report. full alphabet, this remains their main revenue driver. for meta, the growth of its labs division will also be the focus. competing will be a keith urban when it comes to the aws unit of amazon and microsoft's is your. analysts expect strong growth from apple's iphone segment, but we'll be watching for weakness in china and the broader electronics market. ln broader electronics market. in india and staying with tech, its new era of start—ups where businesses are trying to bridge the digital divide. from netflix programmes in local dialects to online shopping, more and more companies have been creating digital solutions for the rural areas of the country. the bbc went on a

remote discovery and filed this report. we are on the sets of high octane drama about power and justice. action! the location today is the village. so this isn't any old big budget bollywood movie, it is actually a very small regional film and it is tailored for specific rural audience that lives in the northern state here. it is produced by stage, and app co—founded in 2019. ln and app co—founded in 2019. in india, there are 19,500 different and 18 of them which we have found, which are large enough to exist as an independent market, but there is no when it is continuity. ln is no when it is continuity. in another part of the country, frontier markets is bringing

online shopping to remote rural customers. the start—up connects village communities with big companies through localfemale with big companies through local female entrepreneurs. ahead of diwali, we are offered up ahead of diwali, we are offered up a deal on laptops. irate ahead of diwali, we are offered up a deal on laptops.— up a deal on laptops. we are enabfinu up a deal on laptops. we are enabling access. _ up a deal on laptops. we are enabling access. we - up a deal on laptops. we are enabling access. we work i up a deal on laptops. we are i enabling access. we work with women and empower them and build their capacity to earn income. and we help companies reach the milestone they are able to reach.— able to reach. with these remote images _ able to reach. with these remote images in - able to reach. with these remote images in the - able to reach. with these l remote images in the dust villages in the bath and corner of india not on the radio of start—ups, at best, agriculture focus companies have made inroads here. but things have now begun to change as more and more investment begins flowing in to companies that are looking at tapping the rural opportunity. daniel has funded the biggest tech start—ups that

have changed urban living. he is now cutting more checks to entrepreneurs building for the village. entrepreneurs building for the villaae. ~ ., . entrepreneurs building for the villaae. a, ., :: ., village. more than 40 million --eole village. more than 40 million peeple in _ village. more than 40 million people in rural— village. more than 40 million people in rural india - village. more than 40 million people in rural india have - people in rural india have smartphones and spend more than 100 minutes a day on the phone. they aspiration they want to buy everything the urban consumer has. that is a $200 billion market opportunity. but crackin: billion market opportunity. but cracking this market will not be easy. rural spins are small. consumers are scattered and operating costs are high. —— spens. but the opportunity is clearly large enough for start—ups and investors to be betting their money. we also keeping an eye on oil prices following israel's attack on iran during the weekend. in early asian trade, prices are down by around 4% this morning. so far, the strikes bypassed iran's oil facilities, so far, the strikes bypassed iran's oilfacilities, not iran's oil facilities, not posing iran's oilfacilities, not posing a direct threat to global supply. posing a direct threat to globalsupply. but posing a direct threat to global supply. but uncertainty on how the conflict might develop rocks investors. china

buys about 90% of iran's oil exports. now a quick recap of the top story today. japan's liberal democratic party has lost its parliamentary majority for the first time since prime minister 2009. and of the migratory shigeru ishiba said they must take the results humbly and seriously. and for a quick look at the markets, we are seeing now they are up about 1.5% of the news, reacting with optimism at perhaps a new economic policy coming in. but we are seeing the yen at a three—month low. have much more onjapan throughout the day and check out our website. keep watching bbc news.

hello and welcome to sportsday. i'm karthi gnanasegaram. the headlines: salah scores, to make sure liverpool take a share of the points, in an entertaining encounter with arsenal.

dangerous driving, punishments and penalties — f1's championship battle reaches boiling point at the mexico city grand prix. and double delight for draper — the british number one wins the biggest title of his career and moves into the world's top 15. hi there. we'll start with the premier league. a late equaliser from mo salah earned liverpool a 2—all draw with arsenal at the emirates stadium. mikel arteta's side twice had the lead, but both times, were pegged back, so both teams had to settle for a point in north london. the result means manchester city end the weekend on top of the table, with liverpool and arsenal in second and third place, respectively.

it's pleasing to see that we can come back