mitsubishi financial fell 8 points, 3%. very little to get investors to buy with the exception of sapporo holdings, on news the alcoholic beverage maker received a ratings upgrade. also, the nikkei fell on to a six-month low on china. >> and as giafg said, shanghai stocks nodived and fell to the steepest fall since 2007. chinese authorities eased some trading restrictions over the weekend. but they failed to shop share prices from falling. the new rules allow them to invest if domestic stocks. looking at asia pacific. hong kong's hajj sing fell 4%. zplmpblths. >>> here's a look at some of the other wheres stories we are following. tokyo oil futures plunged to their lowest level in more than six years on concerns of coin's slowdown. market sources say the drop is due to speculation that higher u.s. oil production will create an oversupply. one of japan's department store operators will open a website where luxury items. they are holding hands with high end brands, including clothing and fashion accessories. officials say the

mitsubishi is expanding and taiwan. they're looking to close the gap mizuzu financial. hi says it wants to be geographically close to its customers. china releasing pictures of a new 100 yuan note that will be in circulation from november. they say it will be harder to forge but easier for machines to read. it is larger than the 2005 series but has enhanced security features including the color of the number 100. it is the largest in the chinese currency and will be circulated from the 12th of november. aiming tos it is produce all of its smartphones locally. the new factory just north of the old city. xiaomi sang that manufacturing in india will help margins. the australian government will be reduced -- releasing its targets for carbon emissions but under --ely to be as ambitious as other developed economies. for more on this we are joined now by paul. what is the government expected to announce today? number is in front of the corpus room right now. the cut is likely to be twice 6%-20 8% of carbon image -- to 8%.26%-2 28% by 2025l be fit and canada closer to 30%. if th

is hoping to close the gap between google financial, which lender to enter the japanese market. mitsubishits to increase trade between the island and china. the australian government will release targets for reducing carbon dioxide emissions today but they are unlikely to be as ambitious as other developed economies. let's head over to sydney and paul allen. when is the -- what is the government expected to announce today? paul: the leaks are to be 26%-20% bye range is 2030. japan is aiming for 25%. europe, 40%. canada, often compared to australia, 30% by 2030. by 2025. 26%-20 8% australia looks comparable to the rest of the world but if you take the u.s., it is the same number, 26%-20 8%, but five years earlier. the u.s. would be reducing by much more than australia is proposing, around 40%. if these figures are to be believed, that this is the number the cap that will come out with, it looks like australia -- the number the cabinet will come out with, it looks like australia again is dragging the chains. angie: is there likely to be any division in the ranks? paul: again, if the leaks ar