>> hong kong's a little bit more weak, the hong kong dollar is stronger.ou have the residual effects from protests a year ago. shanghai is probably a little bit close to flat. the chinesemarkets, outbound market is the hottest market. in tokyo, we are up 120% in chinese travelers. rishaad: what about other parts, india doing well? >> india is a great story. attracting foreign invents -- investment. we are bullish for the next few years. rishaad: what about thailand? a lot of instability. the bombing recently. any fallout? >> we have had some follow, but we hope it will be temporary. were to that, numbers phenomenal. we have seen hotels lose maybe 30 points -- 30 occupancy but it's starting to build back. you do the normal thing of franchising the hotel? >> yes, we manage. rishaad: you've got many more brands out of marriott. >> we have 19 brands. we are vertically integrated, you can go from a fairfield into a ritz-carlton. horizontally integrated. rishaad: how many hotels will you open this year? >> 30. in this part of the world. rishaad: thank you very m

don't tell us that and don't try to suggest that by decolonizing hong kong, you can render hong kongn governable. cost of our not forgetting about the colonial days, it is because beijing has not delivered the promises that made hong kong reverted to chinese sovereignty. angie: we have run out of time. party withthe civic those tents behind him as protesters are being called to converge on the anniversary of occupy hong kong. coming up next, a prop -- a profit boost. ♪ welcome to the stock exchange. 7.4%. first-half operating profit of 18%. regular biplane and children's bicycling as well. an increase in operating profit. buy today on a selloff, generally speaking. i didn't check the stocks before coming up here, so congratulations. the nikkei newspaper reporting that the company had a 30% drop in profit expected. lossrst-half operating widened 11 times. this pulmonary figure last week and i expected it to fall further because last week and didn't move that much. maybe when they really get it officially they would move. i am happy as long as david doesn't win. the verdict from the st

hong kong is a leading house.ts are up 9.3% on the year and is an annual trade fair for manufacturers to showcase their products with exhibitors attending from around the world. enough chineseen knowledge that the whole world can share. >> the hurdles are becoming -- to become mainstream are cynical attitudes. what would you say to critics that say that this has been a lot of nonsense? >> i would laugh and i would say maybe. but let me tell you about it. india seeks to sort out a confusion over corporate tax regulations. we are live in mumbai after the break. ♪ rishaad: india has decided that foreign institutional investors will not have to pay tax before 2015. let's get the details. impactll talk about the that this will have. has a retrospective text that has affected traditional investors. confusion is [inaudible] sentimento be a positive for the markets. the market has seen a lot of volatility. received tax notices from the government. they would be issued to field officers and the changes [indiscernible] it i

they're 7:30 in hong kong. a cloudy day.let's cloudy when you take a look at how equities performed on wall street is so let's see what happened in asia as we get set to open 30 minutes from now for trading in australia, japan, and south korea. ."u are watching "firstup the top stories this hour -- the japanese promising to make companies more accountable to investors. at a bloomberg headquarters, he said he will bring companies more aligned. boost the wants to economy by 20% and reverse the decline in population. shares surged in london and new york among rallying the most after the company said it can withstand current market conditions. the rebound recoup some of the major losses from the previous day. glencore management will meet debt investors later today after selloffs. india may resort to more easing dip in inflation allows morgan to cut interest rate. the only economist who predicted the r.b.i. woodcut rates -- would cut rates, says the banks will lower rates by another 50 basis points by march. the governor has cut

hong kong and singapore time.urvey that is not jumping on the china bashing bandwagon. -- reason pessimism china-based book lines that the reason pessimism is unwarranted. >> there has been a lot of noise. they have made a lot of different moves, intervening in the yuan, intervening to prop up stocks. lloyd blankfein saying that there response was awfully sloppy. book is a new york-based survey and it is a little bit backwards looking into the third quarter, but it paints a more rosy picture that the pessimism out there right now. the economy is not as weak as it looks according to the third quarter beige book. nigh, meeting not imminent. the services sector showed strength. we shouldn't just believe the rosy portrait painted by chinese state media, but at the same time, it is not as bad as it seems. that perception may be more thoroughly divorced from facts on the ground then at any time that this has been in existence. in his estimation it has been to bearish. angie: i wonder if the fomc is paying attention to t

that is a record low in hong kong trade. we are seeing big falls coming asough in the overall index well. the hang seng in hong kong down by 3.3%. it was close yesterday for a public holiday. and are coming back online very much being heavily sold off. we do have korea closed today for a public holiday. big falls coming through in japan, down more than 3%. we are seeing this impact coming through into the material space. mitsui having a big tumble, down almost 8%. let's have a quick look at some of the commodities. and some of the safe havens. we have seen the japanese yen really a winner out of this fall that we have seen coming through in the commodities space. the yen rising again today against the greenback. tumblingshares still quite heavily in asian trade. thanks. let's get more on glencore from our metals and mining reporter. martin, thank you for joining us. why is glencore getting hit so badly? martin: we are in the middle of a commodities rout which does not seem to show any signs of letting up. it has been a very

i was born in hong kong. spent time in hong kong and macau.same time was educated in north america. i get a good sense of the best of both worlds. the formation of melco crown 10 years ago was based on that belief. how do i marry the best of the east with the best of the west? betty: it is easy to see the asian touches when you walk around his properties. the dragons. the feng shui that he incorporates into the layout. lawrence: when we first started, it was gold and iron metal bars. it resembled the bamboo, but then feng shui came in and said no, no. it has to be real. [laughter] betty: but adelson, who once called himself the richest jew in the world, says there is no monopoly on culture. sheldon: by vast majority, most of our employees are chinese. my chinese dealers and my chinese service people interact with chinese customers. what is the difference? betty: they would say they know the people. they are chinese. sheldon: oh, they know all the people? really? i can't be a successful businessman if i don't respect who and what my customer is

great wall motors jumped 18% in hong kong.onic yvonne: and toshiba has announced a new credit line for the next two years. a scandal reduced their fromously reported income march 2009 to the start of this year. the company is holding an extraordinary shareholders meeting outside of tokyo this morning. thats been a quarter investors might want to forget about. buying, weng some are looking at the markets, a nice pickup and carmakers today. ofthat is really one part the picture of the positive sentiment we are seeing. we are looking at some good buying, getting to the details in a moment. he didn't start trading when in normally does, we just had straight off the press from the philippines saying it will open in the next five minutes. no reason given for the trading delay, but it does say that it markets will and be working in the next few minutes. and india, which benefited from the rate cut, we are looking at a pickup in most markets apart from taiwan and korea. taiwan and korea are playing catch up to the big selloff we saw i

isonesia's growing debt angie: it is 7:30 in hong kong.is a live look of victoria harbour from the central business district in hong kong. across the harbor is the skyline of kowloon. we are 30 minutes from the opening of trading in japan, australia, and south korea. you are watching "first up." ♪ china's foreign exchange reserves fell by a record last month. stocks dropped by $94 billion. beijing has been trying to prop up the yuan. the man who runs a stock trading link between hong kong and china says the rout is delaying plans for further ties with the mainland. charles lee says it is not time to talk about mutual market access when you have just put out a fire. investors are waiting for a link between hong kong and shenzhen. policymakers at the bank of japan said to be losing confidence in the outlook for growth. saidmonth, governor kuroda the weakness in exports would be temporary and the stimulus is enough. .ut data casts doubt on that let's check in on markets in asia right now. zealand, we are seeing gains of .4%. new zealand the d

yesterday the monetary authority in hong kong but $2 billion of the currency. at one point, that came late in the afternoon. it is definitely on the upper end. it is the first intervention and four months. at the moment -- we might see a pickup in japanese stocks today because of the fact we had that big selloff yesterday. looking at a stronger, i think the only support we will see is in gold stocks today. in hong kong, looking like we will see more selling again. september is not off to a good start. angie: indeed. thank you so much. checking other headlines -- shutting their eyelashes -- fluttering eyelashes at new zealand. say kiwi companies could save money in a dual listing as they will not be required to submit a perspective until next week. they are looking to expand australia's trillion dollar equity market and they say new zealand would be the biggest opportunity. the asx hopes to see a 25% jump in offerings this year. macau with gaining revenue, plunging almost 36%. 16th fell for a consecutive month as new resorts fails to attract players. revenue was

nhk world, hong kong. >> spirits are high in more ways than one. cheers for that report. >>> some worrisome news weather related news. several ships capsized in japan. jonathan oh joins us with information on what the weather conditions were like leading up to those accidents. >> hello. yes, it looks like the weather was quite severe as we went through the morning hours. we're talking about heavy rainfall and strong wind gusts. we had one report of gusts up to 70 kilometers per hour in the area and then rainfall rates as high as 93 millimeters per hour. that's just a ton of rainfall falling in a short period of time. and, in fact, if we look at the radar perspective here, we're watching after this cluster that moved through this morning and, in fact, there was a slight indication of maybe a rotation that might have made it into a mess sew cyclonic type setup and because of that at least the latest information we know at this point, four people have died because of the ships overturning. two are still missing. and so this is something that officials

hong kong in the olympics.h: what are the economic benefits of a rugby world can you be cup? >> huge. about half a million will travel this year. the tour is three or four weeks. your typical tourist is only one week. they also spend more while they are there. that alone is worth billions to the u.k. economy. unlike the olympics, there is not huge amountings of infrastructure needed to be invested in. no new stadium has to be built whereas the olympics typically. rish: let's look at the way rugby is developing. a lot of money is being spent. i think china is spending a lot of money developing the sport there too. >> that comes through two routes. that is rugby world cup. they make hundreds of millions from this tournament and that is spread around the world including china. rish: a bit like the fifa model. >> there are some similarities there. the olympic factor. every province in china, including hong kong has a professional team. that is what is driving the growth in rugby in this part of the world. rish: muc

it got korea, hong kong, and taiwan closed.olumes on the asx down 40% this morning compared to what we normally say. areave to remember there about 100 stocks on the main topics index. that's waiting on the overall picture in japan. 0.5nikkei 225, down by percent. things are coming through in australia. besides the fact that the biotech space is what was hit hard in the u.s. on friday, what halted that rally on the s&p 500, very flat in new zealand. downwing the u.s. futures .y .201% of course, we do have a very quiet week coming through. we've got china manufacturing that we are waiting for and u.s. jobs towards the end of the week. it hasn't been a great quarter at all, and especially what we flight to safety and the japanese yen has been one of the major beneficiaries. it is stronger against the greenback, 120.44. options are calling that the yen could reach 115 against the dollar by the end of this year. yvonne: that yen could be an abenomics. vw has been given 10 days to come up with a plan to fix its omission scandal, and

hong kong is advancing. hong kong giving up some of its earlier gain. given up all of earlier gain. we have seen a rotation. hang seng trading lower. sharp drop in shanghai continues. these are the big movers in the agent sharemarket now. course, delhi on energy. one of the few advancing. let's look at the hong kong listed shares moving on the downside. china galaxy, falling. watch this closely. the other big story we are following today, and japan. we have seen the market falling in the morning session. as they come back from the lunch break, i do claim of that -- decline of about one and a quarter percent. telecoms, kddi, docomo, all of them falling today. this as prime minister shinzo of a, we will try you more about that in a moment -- looking to to theg changes industry. that is the spooking investors. watched that in japan and we will keep an eye on what is happening in china. stay with us for more on that development. angie: why don't we do it right now? a deeper dive in japan's wireless carriers. they are the leading laggards on nikkei 225 today

one in hong kong is media tycoon jimmy lie. here is the newspaper headline don't be a slave.ter asked him why he chose that headline. >> we want to have the freedom, we want to have the democracy that we are entitled to, and that's why we are fighting for it. john: so he's gutsy, they could do what putin has done to a bunch of tycoons. >> right, and jimmy lie is a hero, born in china, had nothing, says that he received a chocolate bar from a stranger instead of loose change when he was trying to carry bags in a train stationment the taste of chocolate made him realize there is a better future than what existed in china. he emigrated to china, built the company, the rupert murdoch of hong kong, and impressive to see him so principled in advocacy for free markets he's taking the public stand now. john: and gives money to the occupy central movement. i hate that they use the occupy term, the occupy movement in america is often so stupid. and libertarians have second thoughts about putting all our eggs in this movement because it's just about voting. >> right, the organization th

shery ahn, bloomberg hong kong.: in other news, softbank has raised a strike -- stake in sprint. the interest is about a 3%. it underlines soft inc. founders commitment -- the softbank founders commitment to turning the wireless carrier around. sprint posted the third consecutive gain in subscribers in recent quarters, leading him to say he sees the light at the end of the tunnel. maker snap takes a jumped 27% in new york on rumors of a buyout bid from china. the company has rejected a state backed chinese offered that billion, at almost $4 $110 a share. that would represent a 70% premium on tuesday's closing price. declined to comment. apple has launched its music streaming service in china along with e-books and movies. it is promising a library of content geared to the most important market outside the united states. apple music will be offered as a free three month trial before users are charged 10 yuan a a dollar $.50. in the u.s., we are charged between 10 and $40. protectionist policies and years of red tape

prada's first -- half estimates, securities in hong kong weaker. new president has to do with that. consumer socks -- stocks doing well in japan. toyota doing well. oil search in focus in australia. speaking, good to see asian stocks rebounding on that positive sentiment coming through from the u.s. rishaad: australian prime minister tony abbott's climate change policy has been criticized at home and abroad. early indications suggest his replacement may be sticking with them. let's bring in james payton, who -- james, is the reason to think things will be different under malcolm turnbull? in the short-term, probably not. malcolm turnbull has come out and quickly defended the climate policy of his predecessor, tony abbott. he has said that australia's emissions are substantial and comparable to what other countries are doing. he is essentially saying the current plan is working. he has been prime minister for a matter of hours. is not going to risk alienating his own party was who support the policy. he has pledged to consult abbott. anyone who thou

were down 30% and they will be hit pretty hard in hong kong today.ngie: thank you so much for that. losses in glencore and other commodity-related shares pushed u.s. stocks to their lowest in a month. let's head to new york right now where we see our su keenan standing by. the selling began in the morning and just picked up throughout the day. you can see u.s. stocks just took a real beating. downd the down down -- dow and the nasdaq was down, there was no progress either -- in either direction. the continued selloff we are seeing in biotech shares, we also had two more strategist that said they were cutting their forecast for the s&p 500, bringing to a total of eight of strategist at bloomberg who are role -- lowering their projections. and copper isged at its lowest in a month all on further signs of weakness from china. amazon and facebook have pacing declines for tech and internet related shares. the best some of performers out there suffering from selloffs. alcoa is also in the spotlight. they are the top aluminum maker. the business struggles t

let's start with hong kong.id: obviously, the hong kong fx will hold while there is valuation that is limited. in the event of what i am painting of being plausible, you have to believe it will be different for hong kong. it will go down about 15%. i think you look across the region, the currencies will be most vulnerable, countries that have the closest links to china through trade or whatnot. in that instance, taiwan, korea, even malaysia will be more vulnerable. given how taiwan has done, i think it can go down, you can believe taiwan has the most room to go down. angie: ok, thank you so much for highlighting all of that for us. usually basedwoo, in new york and coming from us to us live from tokyo. next, we will hear from the biggest wind turbine maker and why the industry is entering a golden age. stay with us. "first up." ♪ ♪ angie: the world's largest maker of wind turbines is saying it is not seeing a slowdown in china and instead predicts 2016 will be a growth year. the head of asia-pacific, chris bofay

hong kong and singapore time.me of the stories making headlines. 240nese officials say radioactive waste from the fukushima plant washed away late last week and heavy flooding. the environment ministry said bags werethe retrieved and some war-torn. some were stuck and cannot be collected. -- and some were torn. the king of thailand is suffering a fever according to a media release. it is the second statement in a week that the the health of the 83-year-old, the world longest running monarch. he is taking intervene was oussing -- intraven nourishment. germany has reinstated control on its borders with auster for the first time in 20 years trying to cope with the asylum-seekers. germany and austria talks have been suspended. saidny's interior minister that several reborn controls are needed to ensure orderly process to enter the country. european ministers are meeting in brussels to discuss eu proposals for resettling refugees. a closer look at those plans. reporter: the european commission has made ambitious plan b

are we passed the danger zone for hong kong's currency take? e stability or some stability has returned. kongpeople thought hong might let its currency go when dollar china went through the same level as the hong kong currency. they did not do it and i think they have heard that so long and and seerency peg's go the devastating impact it has had. i think they are just going to hold the pagan hong kong and get to the process. and investors believe them and they have been through such turmoil that i would be surprised if they let it go. you looking for anything in particular from janet yellen coming at 5:00? bob: our chief economist is not expecting her to say a lot. this is an academic oriented speech and i think she had a lot of people making comments in the last five or six days, it's starting to send the message that december might be in play, so i doubt she wants to jump on that and create volatility at 5:00 in the afternoon. scarlet: she is not known for too many surprises. discuss thek as we developing markets. joe: and whatnot is deliverin

one year on, the hong kong police force is not as revered as it was. >> most of the people in hong kong we don't trust the police or the legal system as well. >> supporters of the umbrella movement alleged blocking of a law professional at hong kong university. for those protesting as long as there is still free speech there is a chance of democracy. >> hong kong will have a democracy one day as the others. so the crucial thing keep the civil society ongoing. >> reporter: staging counterprotests, angry that hong kong rejected the political reforms. far from being a fake form of democracy the pro-beijing groups and the hong kong government itself insist the electoral reforms would have led to true universal suffrage, an opportunity that has now been missed. for them the umbrella movement has setz set a dangerous prece. >> it also changed the mindset of some of the people, especially the youngsters. i don't know if they will respect the rule of law anymore. >> the issues that so divided the city still hang over its future. rob mcbride, al jazeera, hong kong. >>> well he was driving in sty

the: the hong kong --matt: hong kong market close. europe has been swinging back and forth between gains and losses. it does not look like you will recovery.aped matt: we do not see move --erik: we do not see a lot of movements in other markets. oil is something we should keep our eye on. under $45 a barrel. we will be back after a short commercial break here on "market makers." ♪ great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. matt: welcome back to "market makers." i am matt miller. time for futures in focus. we are taking a closer look at the mix. what a started was in september for the fear gauge, jumping 10%,

these transactions would be placed in hong kong. that would bypass the quote is that china has in place for foreigners investing in the market. that is according to wall street journal and other media. angie: thank you so much for that. u.s. stocks rose to their highest in more than two weeks ahead of the fed policy meeting today. positive data added to the case for a rate hike. su keenan joining us for a roundup of the day on wall street. >> you could say everybody is waiting on the fed. the meeting begins wednesday. we will get the decision thursday. stocks in rally mode ahead of that meeting. s&p 500 rallied to the highest level in more than two weeks. focused on this last of the data that will be heard before the final decision. google leading tech shares higher. new york oil was higher, energy shares. what the fed will do is hanging over everything. it adds a new context to this economic data, in terms of retail sales, u.s. consumer showed resilience. retail sales were higher. u.s. factory production fell to the lowest in 18 mo

. >>> protesters are on the streets in hong kong demanding political change. a year ago, tens of thousands rallied to demand democratic reform and the right to choose their next leader, without the interruption of the chinese government. shut down key operations for 79 days but failed to receive concessions from beijing. rob mcbride has more. >> they came to the spot where a year ago, thousands forced their way through police cordons to start the occupy movement. in a carnival atmosphere, it was a chance to remember the community that flourished for 79 days. >> to think about what we should learn from the past experience. >> just to remember what happened last year this time. >> reporter: more radical groups had called for another attempt to take over the streets. and start a surge towards the barricades it was clear that thousands of police would not allow a repeat. there was little appetite from the protesters themselves. 12 months ago, i.t. was a it waa different story when a sea of umbrellas brought central hong kong to a standstill. an exhibition of artif

. >> protest leaders in hong kong say they will continue demanding democracy.ens of thousands of people took to the streets calling for a greater say in how the regions leader is chosen. rob mcbride has more. >> known assem bel a square, this section of highway was the spiritual home of the movement. now, just a memory. all signs of the community that flourished here for 79 days gone on the self-styled less thnon w protests supported in support of those being charged. still waiting to be prosecuted, the police officers filmed allegedly beating up this activist. one year on opinion polls show the hong kong police force is not quite as revered as it was. >> most of the people in hong kong now, we don't trust the police of policemen or even the legal system as well. >> claims, too, of discrimination of supporters of the umbrella movement with the alleged blocking of the promotion of a law professor at hong kong university. for those protesting as long as there is still free speech, there is a chance of democracy. >> hong kong will have a democracy. the crucial thi

it won't be a democracy responsive to hong kong, it will be a democracy responsive to china. that system has pretty strong american roots. , the famous head of the tammany hall political organization in new york said, "i don't care who does the electing, as long as i get to do the nominating." what he was saying is, if you get to nominate the candidates then they will be really responsive to you, regardless of who does the electing. the point to see here is, is almostystems precisely like hong kong system for selecting their governor, because in america, we have a political primary and before that primary there is a money primary. a primary where people vote for who they are going to support by giving that person money. the money that they get makes him a difference between a credible candidate and a non-credible candidate. when iran said we needed to raise $1 million because we need to be credible. who dominates the money primary? it is not the average voter. the people who dominate the money primary are a tiny fraction of america. the percentage is probably the same as the

they stepped into hong kong to bring the spread back. in other words, there are still questions just how free really right now. and what's going to stop china from again stepping into the rkets if the exchange rate doesn't go their way? everyone afwrees it was a step in the right direction but the steps after that sort of left everyone with question marks in their heads. john greenwood said the exchange rate doesn't appear to be any more market driven today than it was. we don't understand or know what's really changed. the system is typical in china which is fairly opaque where they don't disclose or explain anything. we actually asked them and a few others what are the odds that china or the yuan actually wins before the year end and you lack how wide the percentages are here. the probabilities. and no one is in agreement really. ubs said worth 70%. you go all the way down to nvesco as much as 45% and then nill simply because the current account is not fully open. when it comes to usage, just how much of the world economy uses the curr

so i read the hong kong extra diction can act and the hong kong bail act and contacted some very good sources that we had developed this hong kong -- in hong kong and also in china in relation to the will of the chinese politburo. china has control of foreign affairs function of hong kong. domestically it doesn't have formal control of hong kong, but in terms of its foreign affairs function, it does have veto power. hong kong's relationship to china is very much like, say, bermuda's relationship to the united kingdom. and so the chinese politboro did not have the will to intervene in the edward snowden case and step in to protect him. the hong kong government, our forces informed us, were going to conduct things very strictly by the book. they weren't going to give edward snowden any breaks, but neither were they going to act corruptly in relation to the united states. what strictly by the book means for hong kong in terms of extradition requests from the united states is that the person who was going through the extradition process is in prison during the whole process. so that's poi

rob mcbride, al jazeera, hong kong. >> i want to know what rob mcbride's nickname is.ack to you in london thanks. >>> the institute at new york's metro pom tan of art is hosting the most popular show ever. china through the looking glass explores the asian influence on fashion across the centuries. kristen saloomey reports. >> east meets west when the world's most populace country inspires the world's mostly famous fashion designers. it's the latest exhibit of the metropolitancom costume institto you called china through the looking glass. there is no shortage of people wanting to get a glimpse of the intricate designs. the institute held a star-studded fundraiser to kick off the show. sell wasbrities made it the social event of the year. now, the exhibit, itself, has become a must-see event. >> china: through the looking glass, has already broken attendance records for the met's costume institute with more than 660,000 visitors. that's among the top 10 exhibits of all time. it's so popular, they extended the show through monday, its appeal going well beyond the fashio

let's get to juliette sally in hong kong. juliette: good morning. not a great afternoon here in asia as we see the close-out of the china session, the shanghai composite closing down by 2%. hong kong, unfortunately for investors, is still trading for another hour, and hangs is down -- and the hang seng is down. seeing big falls coming through from the 50 stocks on the hang seng, glencore shares falling to a record low. we could see little bit of bargain-hunting coming in but here in hong kong, they are under heavy selling pressure. this the picture on the nikkei 225, its biggest drop since january. as you can imagine, it was these commodity-based players bearing the brunt of the selling. the worst performers on the nikkei 225. in australia, a big fall, down 3.8%. that is the biggest we have seen on the australian share market in two years. we have also been watching a number of these key players. here are some of the other hong kong listeners -- listers being sold off due to the big slump in glencore. , london leicester's, down almost 7%, its bigges

shery ahn in hong kong. global market turmoil that followed the currency devaluation in china, fed officials have not ruled out an interest rate hike in september. many are sticking to predictions that they will left interest rate next week at some traders still need convincing. caroline hyde has some analysis. we are getting mixed signals not just from the trading environment, it is a very mixed picture. caroline: jury is out, resolutely. there is one signal that might be showing certain traders think we will see a rate hike as soon as next week. it is a two-day meeting. they are at the highest yield 2011, yield is getting higher and many are anticipating that rates will rise. so that is pushing us in that direction. meanwhile, the economists we surveyed are a bit more bullish about a rate rise. w 50% believe we will see a rate hike next week. flip side thinks not. let's have a check-in on the great function of the bloomberg terminal, one that looks at the federal funds futures contract. that looks at the l

da: hong kong is pegged for the u.s. dollar.f the fed does tighten interest raise borrowing costs in hong kong. at the same time of their being squeezed by slowing chinese economy. it is being squeezed on both sides. we should point out that hong kong's peg is resilient. it went through the handover from when the u.k. to china. it survived crisis. it is nothing to suggest that they are going to change the peg any time soon. people will be thinking about whether hong kong will have to change its bridging. jonathan: great to have you on the show to break it down. pegged stuckkong between a rock and a hard place. federal reserve policy on one side. rate hike could trigger panic and turmoil that is according to the world aches chief economist in a -- the world bank's chief economist in an interview. ashok shah is still with us from london capital. about a 25panic basis point rate hike. words like that from respected institutions a source of panic? we have to look at white these types of statements are being made here it in emerging

here in the heart of hong kong it is just -- what?he agent trading day and this is "asia edge." a look at our top stories. rise and fall. chinese stocks jumping on the return from a two day break, but decidedly shaky. and toshiba's tales. shares soar after the long delayed result of irregularities, colleges, and top-level sackings. angie: also coming up this hour, and owed to coal. boost australian miners is being dismissed as ludicrous by environmental groups. the pain of parking. aboutkorea starts talks families divided by the 1950's war. we have reaction live from seoul . and great expectations. taking on china with big names and an ambitious plan. keeping an eye on the markets, the regional indexes -- failing to keep hold of the earlie

market in hong kong.they interpret the latest economic numbers, they are questionsing, raising about whether policymakers are using the right tools or have the right tools to deal with the slowdown.which a look at the mortgage early going -- let's take a look at the early going. with theaustralia index rising despite the concern in china. ie's study and currency is in focus with high-yielding currency in focus because investors are betting that china will deliver renewed stimulus to counter the situation with economic data that does not seem to be turning around. as the markets to underway in southeast asia and taiwan, in malaysia, modestly advancing and in singapore, as they digest the results, pretty much unchanged. we are watching the nikkei 225. it has been down pretty much all morning. you're watching the japanese yen. -- we are watching the japanese yen. keep your heart on the oil majors. your eye on the oil majors, down 6%. big movers in japan driving the index lower after lawmakers indicated it wo

. >> coming to live from bloomberg in hong kong, let's start thing off with the latest from wall street. su keenan has all the details. not much action on the market, what's behind it? >> this was a rebound, but a light volume one. a lot of u.s. investors are now in wait-and-see mode. and moving money to the sidelines, games were across the board by the end of the session. short -- oil and other commodities from metals and across the board benefited from dollar weakness. oil, snappeds was a three-game losing streak, government supply data shows gains. ahead,ion levels are they could possibly whittle away at global surplus along with the technical factors. in terms of the data hitting the market, we had another report iswing the labor market strong. it showed fewer americans on unemployment. -- bolsteringples higher interest rate. that is really the big question, what did they do in particular with the backdrop of this emerging market week this? >> it's not just china, it's generally weakness in the emerging markets. recession,lready in south africa slowing down. only india is performing

the hong kong monetary authority injecting 6.59 billion hong kong dollars into the industry. we see continued moves here i we will bethority watching this closely. and the market impact on that and the federal reserve. let's not forget the elephant in the room. many are in the markets are waiting for the results of that meeting in the coming days. angie: you can say that again. this year the conference is underway here in hong kong. it brings together thousands of investors as well as global leaders in politics and business. let's go there live. bloomberg's shery ahn is standing by. >> good morning. just as mentioned, one of the be focuses of this week will not only the rate hike but also a republican presidential debate. joining me now is frank lutz, one of the best known american pollsters. think is a much a time. your job is to craft the right message for your clients. what are the key issues and candidates need to get right in order to move forward in this election cycle? >> focus more and attributes than i do on issues. what makes this election difference is that a lot o

hong kong will become an official leg of the world tour that has stages in the middle east, australiaand japan. the international reach for a game moving beyond. >> it may look the tender of players, but hong kong's fans are world class. evidencing the crowds dedicated to partying. a crowd made for darts. >> it's an amazing leveller. is doesn't matter whether there's a huge company, or you work in a corner shot. everyone has the same thing, enjoyment, everyone gets into the sport. >> if you have the fans, the sport takes care of itself. >> much more sport on the website. for all the latest check out aljazeera.com/sport. that's it from me >>> thank you, stay with us here. i'll be back for a minute or so, for another full bulletin of news. don't go away. >>> thousands of refugees enter germany, many more wait to cross over >>> hello, you're with al jazeera. also to come in the programme... >> i'm wayne hay reporting from inside thailand's parliament in bangkok, where a vote has seen a political uncertainty extended. >>> more saudi-led air strikes in the yemeni capital. a u.n.i.c.e.f. ho

they now plan to expand in asia, hong kong, taiwan. .e had yahoo! stock rallying 2% it failed to get a blessing from the iressa in terms of a spinoff. angie: thank you for that. where will that leave asia today? star with ae stunning rebound from this year's lows. cheyenne has the numbers. cheyenne: incredible rebound for -- nikkei.y -- nike let me take you through what they did yesterday. , 7.7%.ed higher we have not seen that since 2008. some bargain-hunting perhaps nikkei erase those in previous sessions. there is some comfort in history because of the 20 steepest gains from 2017. we have seen that gain in a year that investors lost money. there is still a lot of money to be made on the short side. the japanese yen strengthening a bit today. we are seeing a weakness throughout the week. and stocks surging. you have seen less and less for safe havens. angie: china had another good day. beijing will continue to intervene. one impact will that have on the broader market? cheyenne: they have been propped up. trading was fairly regular throughout the

so, i read the hong kong extradition act and the hong kong bail act, and contacted some very good sourceshat we had developed in hong kong, and also in china in relation to the rule of the china politburo. china has control over foreign affairs function of hong kong. domestically, it doesn't have a formal control of hong kong but in terms of the foreign affairs functions, it does have, if you like, veto power. hong kong's relationship to china is very much like, say, bermuda's relationship to the united kingdom. so, the chinese politburo did not have the will to intervene on the edward snowden case. and step in to protect him. the hong kong government, our sources inform us, were going to conduct things very strictly by the book. they weren't going to give edward snowden any breaks and neither were they going to act in relation to the ute. what strictly by the book means in hong kong as terms of extradition area requests of the used, the person going through the extradition process is imprisoned during the whole process. so that's point number one. point number two, relation to asylum app

now there are people in hong kong who are feeling the effects of that weakness in china's economy.on mcbride has this report. >> the photographers along hong kong's waterfront are a good barometer of how much visitors are spending. the news is not good. business is down more than half. >> we are facing a hard time. the mainland chinese are not spending as easily as they did before. >> at the airplane the arrival hall the shocking promotion sounds more like a plea for visitors with less money to spend. hit hardest are the luxury brands with some flag ship stores closing. >> what we're hearing is the high end with th hit. >> this book shop is totally reliant on visitors from the mainland. it specialized on titles banned by the chinese government. business is down by 50%, making it hard for pay the rent. >> all the other shop owners they're asking fo to cut down the rent. >> it is located on one of the city's most expensive shopping districts now seeing business cuts in rents as landlords struggle as well. >> this used to be the most expensive retail space, but it has turned it into s

rob mcbride, hong kong. >> a strong typhoon made landfall in taiwan on monday. hundreds of thousands of homes lost water and more than a million were without power. taiwan's government said 24 were injured but no one died or is missing. >>> thousands of refugees lined up in a cornfield along the serbian croatian border. they hope to continue their journey into western europe. 70,000 have arrived over the past few days. germany's officials say there are limits as to how many germany can admit. wants to help as many people as it can but says there are pliments tlimitsto germany's abe people in. no one knows how many asylum seekers the country can absorb. as many as 800,000 are expected this year. german chancellor angela merkel believes the country can support that number. >>> flowing water on mars, life may exist on the red planet. >>> volkswagen's ceo, how much he might have known about the emissions scam that has shaken the german anothe auto maker. >> the former ceo of volkswagen is under investigation. german officials say they are trying to determine whether

this report from hong kong. bank of japan governor said the central bank will continue with its policy into inflation target is stable. they resisted pressure to boost stimulus, even after they showed economies in china shrank last quarter. production for machinery is in this-- is the latest event failed in july, but they kicked the target of expanding the monetary base and an annual pay of 80 trillion yen or $666 billion. japanese stocks had gains closing moderately higher tuesday. scarlet: let's head to europe or mark barton stands by. they had in session highs. mark: what a funny day. i love that word. possibly, i could say 100 but you might find it less than interesting. what has been going on? disappointing weekend day that we are awaiting the fed on thursday. automakers are the best performing industry group today after european auto sales rose by 12% last month. second-best monthly gain in one year because of the improving domestic environment in the area right here. w'sstors snapping up, the m -- bmw and

protesters return to the streets of hong kong >>> is there life on mars - n.a.s.a. scientists say flowing water is almost certainly present on the red planet. >>> leaders of the u.s. and russia held discussions at the u.n. general assembly in new york over how to best solvent the conflict in syria. president obama and vladimir putin had their first formal meeting in two years, agreeing that a coordinated strategy was needed. president obama said although the u.s. is prepared to work with russia and iran, there can be no long-term future for bashar al-assad. vladimir putin said it would be a huge mistake not o work with bashar al-assad's forces and risk the collapse of the syrian state. james bays has this now from new york. >> russia's president normally avoids this annual gathering of world leaders at the u.n., but he came on a whigsle stop trip, planning not to spend a night in new york. the centre piece of his speech, the idea of a grand coalition against i.s.i.l. >> we propose discussing whether it's possible to agree on a resolution aimed at coordinate ght the

maybe we get that rally, juliet sally in hong kong.tandock that really does out in hong kong trading, and that is glencore. shares are up 14%, tracking the london session yesterday. let us talk about what will happen today, in the future for this business. will kennedy joins me now, investors get face to face today. there we some sort of meeting on debt. what we know about what the company is saying to investors? this value that ec carried over to hong kong, it will be more of the same -- cutting from investors that everything is on track. money from asset sales going quickly, and hopefully that will be enough of a message to see the rally continue. seeaps more importantly, to the cost of insuring that come back down. guy: that is not normally what you would see, people are more worried about the myths and they are the long-term. some big payments coming up on the debt side. debts coming big is but liquidity as well, it three years out. what people are really worried about the short-term, you mentioned the quarter, it is copper. copper

up 8.9% in hong kong.ies waiting on both the a-share index in china, the shanghai composite, and the h-share index in hong kong. its ceo and president being probed over that investigation into alleged insider trading. generally, it has been a positive session in asia. back to you. , thank you very much. guy: we are waiting for news out of glencore. as soon as we get it, we will bring it to you. let's talk about what we are going to do now. still with us, guest host simon french. we are also joined by goldman sachs partner, colin coleman. welcome to the program. is,ess the place to start probably glencore. pricing its issuance, placing the issuance at 125 pence a share. let's get caroline's take on this. straight to caroline hyde and get her view on what we are getting out. caroline: we did have that news that 125 p was basically the limit if you didn't bid of of 125 or on the nose, you risk missing out. 125 pence is indeed the price they are going for. a slight discount to have a shares finished trade yest