and a snap deal going at a loan after calling off a sale to a rival, flipcart. good morning, asia.ello, world. welcome to another edition of asia business report. it's a tuesday. i'm sharanjit leyl. report. it's a tuesday. i'm shara njit leyl. we report. it's a tuesday. i'm sharanjit leyl. we will start with the ongoing problems around the tech giant toshiba. the markets opened for trade and its shares got demoted to the second section of the tokyo stock exchange. we have that story. tell us about this demotion. they opened higher this morning. tell us about this demotion. they opened higherthis morning. up tell us about this demotion. they opened higher this morning. up about 2.596 opened higher this morning. up about 2.5% this hour. yesterday as well toshiba shares rose. if you are like me, wondering why they are actually rising despite the demotion, i have been reading reports from security companies and it is partly because shares have fallen sharply since financial trouble was reported but also because by being demoted from the first section to the second section, you remove a

late last night it was reported they will find $2.5 billion into india's on line retailer, flipcart. are going to do that, not all of them are going to be successful. why are not all of these japanese investments successful? some acquisitions are successful, some are not. i want to highlight two cases. first of all, japan post. the company went public just cases. first of all, japan post. the company went publicjust over two yea rs company went publicjust over two years ago in what was the biggest share sale in japan years ago in what was the biggest share sale injapan for three decades. the company just share sale injapan for three decades. the companyjust reported its latest results after the bell yesterday. while it finally started to make some money, the spotlight is still on this massive write down because of its acquisition of australia's tall holdings. they bought them in february, 2015, just ahead of the ipo, and it paid $6.5 billion for it, but it had to write down 3.5 billion. yesterday we were telling you about toshiba which finally reported its results for the last year.

i think as you can see, flipcart has generated the resources to do so.deal was unable to in the process. so, the snap deal ended up with a similar backer who wanted to give them billions of dollars. i don't think it's clear right now who was going to win in the long-term in the e-commerce space in india. but i think as we all have learned, one has to be cautious betting against jeff bezos. emily: there is global and political uncertainty right now. there are new scandals out of washington every day. should that impact investments, global tech investment? nikesh: we have always had different kinds of uncertainty in the market, which changed people's outlook in the short term. and that causes times of overinvestment and times of underinvestment. many people have not made money in overinvestment when valuations are high and it is hard to invest in things. because everybody wants to invest. but it's been established again and again, when money is scarce and there are a lot of things to invest in, people make a lot of money if you make a contrarian bet. right