it is outperforming shanghai stock.nghai stock mostly comprised of enterprises, the large old behemothsss -- old like energy producers. the shanghai composite index down 42% cents the peak in june 12, 2014. shenzhen also down 36% since last year's peak, but it trades at 46 times earnings. that is nearly three times earnings over shanghai. you are seeing that is where the prop has been built into. retail hunters like the government's push to new services of the economy, biotech, health care, and the like. a lot of the 1800 companies that are in the shenzhen composite index are profitable, smaller, new economy companies. anna: we have seen how the stoxx it can in the region how boost equity. how will that likely affect trading? stephen: that is the million-dollar question in hong kong. it has been several times delayed. no official data has been stated, but a local newspaper did report quoting the securities regulator in beijing saying it would happen this year. saying they believe have it on good record that it will happ

shenzhen outperforming shanghai by quite a bit over the last three months. shanghai is down.art shows you the record level over historical basis. i drew it back to the year 2000. this is the premium, if you want of how it -- gap shenzhen is outperforming shanghai. on the far right is the record level -- record high level. angie: retail investors clearly making it -- making a play. stephen: 90% of the shenzhen market right now our domestic punters. if this hong kong shenzhen connect, when it does happen, it will broaden the investor base, foreign investors will be able to come in. and you will be able to see a more sophisticated investor. no official date has been set but they quoted the chairman saying it will happen this year. also deutsche bank said it would happen with the next three months. angie: checking in on some other stories, shares of great wall motor right now in hong kong down 1.25%. the maker of pickup trucks reported a 29% increase in june to more than 65,000 units. take a look at the margins, remaining under pressure. shares are down 49% over the past year. th

weakness coming through on shanghai's market, down by a 10th of 1%.ies. down day asving a well, down by almost 1% in its first half hour of trading. we have seen upside in malaysia. korea looking good. the nikkei paring back earlier losses. we are awaiting the bank of japan announcement. they are expecting fireworks because we have been waiting a long time. will they meet expectations of the market, and of course follow on from the prime minister's surprise announcement earlier this week? a strong performer on the nikkei, up by almost 7% on that share buyback. australia and new zealand to the upside. looking at other players we are watching in the region, cnooc, we have mentioned. fosun international also doing well. hitachi jumping the most since it listed as resul came in quite strong following the earthquake. softbank also in focus after earnings. sony coming through after the most analysts are looking past the earthquake on sony. getting confirmation, tokyo exchange confirming there has been a halt in a 10 year jgb futures. no explanation as to wh

cheng came to shanghai 20 years ago to look for a job. she was unsuccessful.er bamboo work didn't catch on among locals either who were mostly interested in the latest trends. after much trial and error, she came up with techniques that transcend traditional bamboo weaving. >> translator: i had no idea that chinese craftsmanship was so good. these are handmade, right? they are incredible. >> translator: bamboo itself is inexpensive. in order to maximize its value, i try to create intricate, delicate pieces. >> reporter: cheng has been teaching bamboo craft to children and disabled people since 2011. she knows from her own experience that craftsmanship can enrich people's lives. >> translator: a growing number of people are studying traditional craftsmanship. and demand for such goods is growing. i hope to pass on this tradition to the coming generations. >> reporter: the movement to rediscover china's tradition crafts is creating new opportunities for many people. daisuke azuma, nhk world, shanghai. >>> papua new guinea's prime minister peter o'neill survived

meet harley's shanghai chapter. yes, as in shanghai, china. you love heartithe harley david? is a harley davidson dealer and proud owner. >> reporter: how did you hear of harley davidson? >> movies, with the heroes on hardy davidson. >> you are thinking i want to be a hero on the bike. >> reporter: his so-called heroes cut across cultures. >> terminate. >> reporter: terminator. >> terminator. >> reporter: on this saturday morning. the parking lot of his dealer sthp w ship was abuzz with activity and terminator attitude. their harley club captain, it might surprise you is an american. jim rice. >> reporter: the chinese embraced the harley lifestyle. >> amazed at how well that translated right into china. chinese adopted the whole thing. even tattoos, ponytails, and, all of the clothes and gear. they love it. >> reporter: rice, a businessman, lived in china for 24 years. and has the mandarin to prove it. >> reporter: how different is the riding experience itself here in china from when you ride around utah or the u.s.? >> i think riding the u.s. is boring. china is quite exciti

in shanghai composite down almost 1%. unusual excuse for missing earnings, we will have the story. lauren: chipotle recovering far more slowly than expected after a series of food scares, the stock down 38% this year. fell another one and a half percent after latest earnings report. lea: in sports nba is moving all-star game because of controversial law and wnba is fining three teams for making a social statement. lauren: it is friday july 22nd, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lea: breaking news this morning, donald trump formally accepting the republican nomination for president. trump delivering a big long speech on the final night of the republican convention in cleveland. >> my father and our in the case president, donald j. trump. >> together we will lead our party back to the white house and we will lead our country back to safety prosperity and peace. [cheers and applause] >> i have a message for all of you that crime and violence that today affl

a look at the shanghai composite, down as much as a third of 1%. call it a stark reaction. you are looking at the developers, real estate down a 10th of 1%. 33 out of the 26. going back, you want to look at construction related stocks. one point we touched on was the china is making its way through excess inventory. at least that is the hope. you had the financing their. when you talk about final demand, it's about real estate related sectors, construction, cement, steel, so materials down a fifth of 1%. construction down a third of 1%. speaking, there is very little to trade. angie: thanks for that. speaking of, let's get more on the situation in turkey after that failed military coup. we are live from istanbul. look, people still out on the streets there, waving their flags. what is the latest on the sentiment there? ispresident erdogan promising a new turkey. for a third straight night, out on the streets in support of president erdogan. he has been an encouraging this, telling them to come out and support democracy. more than 6000 people have b

rachel chang live in shanghai. american box office as the secret life of pets took the top spot in its opening weekend. it raked in over $100 million and ended the reign of finding dory. five of the top 10 movies have been animated or computer-generated. universal is hoping to cash in on the trend by buying dreamworks animation for $3.8 billion. that is it for "trending business". ♪ >> it's the middle of the asian trading day, a live look at victoria harbor here in hong kong, kind of gloomy but stocks seeing a jump this monday morning. you're watching "asia edge." >> the top story this is hour. asian stocks have their best day in more than four months. yenn leading the way as the weakness. i.p.o. at the top of the raping in this year's biggest tech debut. and nintendo has the biggest lift since lifting in 1983. okemon go at $7 billion to its market value in just a week. also warm up the war chest, pension funds prepare to become stock market players with $300 billion at their disposal. salley. illiette the strong j

shanghai dry for now with a high of 31 on friday. as you look at the forecast for north america, very unstable weather continuing to plague the upper midwest. there is another area of low pressure that continues to push toward the east. one just exited is now moving into quebec. but another low pressure system is coming out of the central portions of the united states. so we're looking at t possibility of unstable weather, possibility of severe thunderstorms. some may include strg winds, heavy rainfall, frequent lighing, maybe even ha. so we'll look and watch that situation very closely. notice even in chicago some purple shades, heavy rainfall possible throughout the day. high of 28 in the windy city. thunderstorms along the eastern seaboard of the united states. hope you have a good day wherever you are. here's your extended outlook. >>> for future stories and special reports, just log onto our website and while you're at it, click on contact us for your thoughts and comments. from all of us here on nhk "newsline," thanks for watch

china, the shanghai composite closing at 3,027 extending its losing streak to a third day. analysts say steady gdp figures released last week lessened hope for further stimulus. investors are waiting for more clues on the economic outlook. let's move to sydney. gaining by 0.7% finishing at 5,488 to the highest level in seven months. but lower commodity prices weighed on resource related shares there. hong kong hang seng index rebounding with most ending in a positive. singapore also hitting a three-month high there up by 0.9%. >>> many japanese companies aim to enter the cambodian market as they're expected to grow further. one of them is daiichi life insurance. nhk has learned that the insurer decided to open a representative office in the cambodian capital phnom penh. after gaining a license to do business there. daiichi executives are believed to have made the decision because cambodia is a southeast asian country with steady economic growth and a young population. life insurance products weren't even availilable there u until years ago. japanesese life insurers have bn

meet harlow's shanghai chapter. yes, as in shanghai, china. you love the harlow davidson?urse, yeah. >> local lis zhoa is a harley davidson dealer and owner. >> you have a movie to show the heroes, always sat on the harlow davidson, right? >> so you were in china watching tv shows thinking i want to be one of those? his heroes cut across cultures. >> in chinese the name, the terminator. >> on this saturday morning the park can lot of his deal are ship was a buzz with activity and some of that terminator attitude. their club captain it might surprise you is an american,. >> lehrer: rice. seems the chinese have embraced the whole harley lifestyle. >> i'm amazed how well that translated. the whole thing, the tattoos, pony tails and all the clothes and gear they love it. >> rice, a businessman, has lived in china nor 24 years and has mandarin to prove it. >> how different is the riding experience itself here incline this from when you ride around utah or the us? >> i think riding in the u.s. is boring. china is quite exciting. >> riding here is like being all day motorcycle ch

shanghai flat. hang seng did enter a bull market on thursday. that was short-lived, at least at the moment. that is right. off by 6/10 of 1% after the open and that solid rally thursday. we finally saw it reach that bull market, up 20% from january lows. pressure,oming under a retreat in the crude price on u.s. supply concerns in new york. those property developers, which helped to lift the hang seng to that bull market territory. pretty flat on the open in shanghai, the kospi down by a 10th of 1%. out in taiwan, malaysia, and singapore. whichweakness in japan has seen the regional index retreat from that 2016 high during thursday's session. ofhave seen a lot fluctuation in the yen on the back of those helicopter money comments from governor kuroda, which came from an interview before the brexit vote. down by 1.2%. some of the other movers we are watching in japan, nintendo is -- nintendo's pokemon go game available in japan, shares up by 5%. mcdonald's japan also on a tear. both of these companies have been moving and alignment with entire poke

. >>> let's start with china the shanghai composite gaining by .6% to 3,006. climbing back over the 3,000 mark for the first time in more than two months. sentiment improved on the back of a private survey showing activity in the service sector in june climbed to an 11-month high. looking at sydney s&p asx200 declining by 1% to 5228. the federal election is dampening sentiment there. hong kong hage sang dropping by 1.5%. a wide range of stocks were sold after three days of gains. singapore retreating after hitting a two-month high on monday. >>> some financial firms are looking at the possibility of moving their european bases out of london. the city is a key financial hub but executives are worried about london's future role after britain voted to leave the eu. the ceo of jpmorgan chase of the united states said in an e-mail to employees the firm may need to move its european base from london in the next several months. britain's hsbc is thinking about moving 1,000 employees based in the british capital to paris. western media report morgan stanley of the u.s

we have seen the shanghai asian .25%, and hong kong looking pretty flat.ve seen some weakness on the nikkei. but heading on that lunch break, earlier losses as well. we have seen losses of more than .7%, looking at hong kong, we have been seeing some weakness in these energy players. the company stocks looking quite good. that is a turnaround from what we have seen in the chinese property market yesterday when we saw quite a few of weakness coming through shanghai. shanghai now positive, singapore down three quarters of 1%. korea up .4%. and, thd australia, we had export numbers coming through there. up .4%, new zealand coming off those record highs, .2%. thesehave a look at how players are faring. nintendo down 6%, its first-quarter profit was wider than what the market was looking for, no reaction to the pokemon go game. that was not in today's results. electricctric -- alps is the front runner on japan's market. softbank down .9%. analysts say there could be an upside. aiaung reporting in korea, .3%, even though its operating profit rose in hong kong an

right, shenzhen and shanghai coming online in 28 minutes.trading in hong kong, establishment day. we are having a look at reaction to that number out of china. aidi: it is something of proxy in absence of the chinese market being open. very sensitive to happenings in the chinese economy, not much movement, a bit of an uptick for the aussie dollar. it is up about 3% in june despite that brexit selloff in the last few days. aussie dollar holding steady, as is the chinese manufacturing gauge. take a look at the yen, starting to strengthen again in the friday session. 102, some stability and risk by yesterday, but we did have that survey that was surprisingly up beat given it covered a time of in or miss, but inflation numbers showing pressures continue to travel sideways. thet of questions over what boj can do next. broaderok at the markets, singapore, malaysia, and taiwan. very strong rally coming through, a recovery rally being extended. the nikkei 225 up by 7/10 of 1%. austrian shares close to session highs ahead of the elections tomorrow. k

this is just to the west of shanghai. look at this just severe flooding that has been taking place. actually these floods have affected over 43,000 people, damaged hundreds, thousands of homes out here since the start of june. 14 casualties have been reported due to flooding and landslides. now, back to the east. this is out of the west where flooding has also taken place. actually monday morning. 500 people became trapped and were all rescued, but you can see the landslide right there and many people being evacuated out of these same areas as well. so this is still ongoing. it definitely is rather serious. that's what we're talking about that landslide threat. if you are issued these warnings, you have to take them very seriously. they could just give way in a matter of seconds. more rain in the forecast, that threat is definitely continuing out here. you can see the areas upwards of 100 to 120 millimeters and west of shanghai where you've already seen those images coming out of. if we look farther to the east, this storm is creating instability across japan. this is not so much th

the shanghai composite index down one quarter of 1%. hong kong hang seng up 1%. >> let's look at how european stocks are trading this hour. still trading higher. i again today by half of 1%. the german dax slipped 1.1% done yesterday and cac 40 and france was down to yesterday. we set a record again yesterday. the dow up 70 this morning and nasdaq up 50 a lot of hedge fund managers have cash on the sidelines. the most in over a decade and that is a bullish sign. >> maybe the u.s. is a place to put your money. oil at the time. $44.75 a barrel. >> it's a can of the dollar is faring, almost a new low fare.e. the canadian dollar the japanese yen down against the u.s. dollar. the only thing showing strength is the u.k. pound. lauren: it stands at 1.56% this morning. nicole: looks like microsoft investment in cloud computing with shares rallied 4% in extended trading after the company said it more than doubled in sales from last quarter. earnings for the fourth fiscal quarter topped expectations revenue rose 2% a year ago as the growth in mic

shanghai composite up 1.8%.europe, european finance ministers watching theresa may with prime minister. the cac and friends up 1.6%. dax and germany up 1.5%. u.s. stock futures sought records for that doubt and accept or the year 2016. dow futures up 80, s&p futures of time, nasdaq up 25. a slew of earnings will continue. up 1.8% of 4959 a barrel. though it had its fifth highest closing level of 2016. the u.k. pound 131. japanese yen to the because of endless top. canadian dollar, mexican peso all higher. a quick look at the 10 year treasury up about the 1.49%. lea: shares of alcoa rallied 3% after the aluminum maker's latest results top expectations. higher earnings as alcoa continues to struggle with low prices for the medal. two publicly traded companies in the second half of this year. one company will make life a price for autos and airplanes while the aluminum of china business will stay under the alcoa name. nicole: securities and exchange commission investigating whether tests of breach security laws. "t

if you look at the nikkei in china today, the shanghai composite down a third of 1%.despite a failed coup attempt, european stocks are mixed at the moment. right now up one quarter of 1%. the cac of 2%. german dax one 10th of 1%. lauren: oil prices have come a flat right now $45.91 a barrel. lauren: big day for earnings. yahoo! and netflix set to report authors. yahoo! is taking bids for the court internet business. we will find out who. lauren: phil mickelson place championship golf, but it just wasn't good enough to win. sunday night baseball yankees avoid a sweep that we will have the highlights coming up. nicole: 5:31 a.m. in new york or baltimore and back. good morning to you monday july 18th. welcome to milania, their first look at today's -- lauren: breaking news this morning in louisiana. authorities in louisiana opening up the area in baton rouge or three police officers were shot in killed in cold blood. the shooter identified by 29-year-old like men who served in the u.s. marines. he also wounded three other officers before he himself was shot and killed. >

the shanghai composite index up half of a percent. oil prices giving us to that type. they are down 2.7%. tesla shares under pressure after another setback. the car company missed its delivery targets and second order. and spores come a stunning deal. superstar kevin durant leads the oklahoma city thunder for the golden state warriors at wimbledon, lots of big names advancing. highlights coming up. nicole: it is 5:31 a.m. in new york. we welcome you to ask bna and come your first look at morning market, today's raking it in what to expect a day ahead. saudi arabia with a series of devastating explosions. the government said for security officers were killed and five others wounded when a suicide bomber detonated his vest outside of one of islam's sized bed last night's attacks at business dozens of worshipers were about to hold sunset prayers in the mosque where the prophet mohammed is buried. yesterday a suicide bomber blew himself up in a shiite mosque in eastern saudi arabia and a car box out of nearby. thus by several authors afte

pharmaceutical will resume training -- trading in shanghai.6ny will pay up billion and that will be the biggest takeover of an indian company by a chinese firm. of medicines as well as manufacturing facilities. approaches.rmal they have discussed potential ideas including a merger. company,iggest mining people familiar with the matter say there are brief discussions more than three months ago. but there are no current ones. 1.8%,rches is much as erasing those gains. markets as you can imagine, jittery ahead of the decision. many are expecting further stimulus. us now from tokyo as chief japan strategist at bank of america merrill lynch. let's talk about the yen. the currency is also strengthened after every policy meeting. if theyhappen disappoint or surprise? , it think if you look stands out in the financial market. in order to keep the ability in a sustainable model, i think the expect haitians are quite high. it will be difficult for them to deliver a great surprise. if the boj stays on hold, it will be bullish. i think it's going to open

really for the shanghai composite in china can want that 1% this tuesday. the hang seng in hong kong the past 8%. you do have a stronger yen today. the japanese currency in the japanese nikkei did pull about 1.5%. >> a look at the trading action right now. update quarter of 1%. cac and friend down one quarter of 1% and the german dax higher by one 10th of 1%. >> oil pulls back in stocks pull back down 77. the s&p is down half the one point and the premarket. nasdaq futures higher by two points. >> the meeting starts today. only 8% likely for a move. don't count on that. oil down 29 cents at 4284-barrel is old games over two bucks at 1329 at troy ounce. >> apple and twitter are stocks we're watching today. both companies report earnings. analysts predict apple will earn a dollar 38 a share compared with the dollar 95 a year ago. the biggest concern will be iphone sales. investors looking at twitter's report for growth in active users in the first quarter number 310,000,002 a series of sports deals recently yesterday out of major-league baseball and national

we are following this from shanghai.ther setback for the yuan after years of questions over its credibility, right? as you say, the timing is unfortunate. we are two months away before the yuan is officially added in that basket of currencies. away from thats august the one year anniversary, so the market feeling jitters there. umult.e had some tom has made progress getting close to pseudo-safe haven currency status. the pound, the yen, the dollar tend to rise in uncertainty measured against market volatility. over the past year, swings became larger and the yuan has underperformed and let go of some ground it made in the last five years. the portion of yuan global payments also receded to a 2014 so globale, 1.74%, usage component is not looking good. ,he take away from this study this certainly suggest the yuan is nowhere close to being a safe haven currency, and more importantly, it's progress towards becoming a safe haven asset is looking in doubt as well. rishaad: about 3-4 years ago, this was seen as a one-way bet.

the shanghai composite as well as the kospi and south korea.le: erickson is one name stepping down. the london ftse up one 10th of 1%. the cac at three quarters of 1%. german dax of one full percentage point and the finance ministers and debate governors all made in china as well trying to battle all of the global turmoil we've seen after british exited to improve economies around the world. >> we've had very low volume lately. last week the lowest volume of the entire year. we do have trading this monday morning. dow futures indicate an eight-point rise at the open. s&p futures barely higher. nicole: oil down for the last six weeks. call doug two weeks in a row. more down arrows this morning. oil is below 44 bucks. that is down 33 cents. gold is dropping to $8.5 at 13.23 a troy ounce. lauren: there might be so much oil we don't know about storage and undisclosed places. preparing for big protests as the democratic national convention kicks off today. first lady michelle obama and bernie sanders. fox news live in philadelphia with a preview. >>

those multi-lateral include bricks shanghai corporation and g-20. so jinping seems to see the world through similar lenses and reached similar conclusions about the country in the international system. they both believe their countries are in a strategic disadvantage vis-a-vis to the united states. putin believes that russia's great power ambitions are being swatted and undermined by the west and tried to reassert moscow's interest in the regions. on the other hand china sees the u.s. rebalancing to asia at best as a denial of china's strategic space in the region and access to western pacific. and at worst, an attempt to contain china. the ukraine crisis and the deterioration of russia-u.s. relations provided additional momentum for closer ties between beijing and moscow. for china the crisis forced the united states to refocus at least some of its attention back to europe as pivot to asia. beijing enjoyed more space, vis-a-vis u.s. and more leverage vis-a-vis russia, vulnerability and isolation increased. in addition to strengthening china's hand

the markettoring opens in shanghai and hong kong.o the markets, a lot of data out of china. that we get the jobs report tonight and this list on your screen from sunday into friday next week. set of data does come in worse than expected, shanghai's news security reporting that a rate cut might be an option for policymakers to turn to as far as the response is concerned. markets looking like this. we are looking at a mild weekly drop. markets are a bit mixed, flat on the regional benchmark. japan up for the first time in weaker yen.lightly that said, a cross currency markets, a drop in the u.s. dollar against most, oil on the back foot as with gold prices. nothing extreme though i should note. that me wrap things up with a look at hsbc, shares are down. s&p cuttingown to the outlook or creditwatch hsbc, as with other banks in the u.k., rbs, royal bank of scotland, and barclays. hong kong listed shares paring back from the lower close. 10, 13, and seven, by hold and sell. from whereut an 8% we are. angie: china's foreign exchange reser

instead of head iing to wall li return to shanghai sensing an opportunity in the country pet industry. >> it's easier or it's caused me less. compared to do my smart upstat it's a mature industry back in the states. any of the western countries. >> his team believes the gadget the $15 billion pet industry has grown by over 30% annually p for the last f for these young entrepreneurs, authorities here are offering tax break, subsidizing rent and granting money. he was initially able to r $150,000 to fund raising rem >> so, i actually applied for some money from government. pretty fast. that's raising from the fund and the macro is not too good in china right now. pe >> still, inspired by the late apple founder, steve jobs, he g his bedroom s into an office to china to live an easy life. to make more friends. i come back to china to do a business. >> a business he hopes to take global and put china's start ups on the world map. for nightly business report, shanghai. >>> still ahead, the best places to put your money despite the global incertainty. our market monitor has idea go budget de

the shanghai composite index down a half of one percent. lauren: tech rally continues an set to continue, shares of google and amazon both sharply higher after crushing wall street expectations. nicole: the golfer never won a tielt, squared off in chicago yesterday. all the highlights coming up. lauren: it is friday. tgif. july 29th, welcome to fbn:am. latest breaking news and what to expect on the day ahead. nicole: breaking news, two police officers were wounded in a shooting late last night in san diego, california. the wounded officers were taken to a hospital. the condition not known just yet. at least one suspect has been arrested, police say they are still searching for the other possible suspect. no word the identity of the suspects. residents to have area where the shootings took place are being told to stay inside. lauren: now turning to politics. hillary clinton making historyia become kepting nomination. the former first lady and senator of state delivering speech on the final night at the democratic national convention. >> ladi

shanghai 36 it't's going to be high for you. also chongqing. the forecast for europe, you may notice some clouds moving over the northern portions of the continental area. that is because we have a huge dome of high pressure that's really bringing a southerly flow for the area. that's going to bring temperatures close to the 40 degree mark. you need to be careful with this. that warm air really affecting spain, the iberian peninsula, also portions of france and germany. cooler air to the north, but not by much. we do have a trough system inverting itself which is pushing warm air. unstable weather ahead. moscow, kiev looking at wet weather, highs in the 20s. stockholm at 22 degrees. that's what i mean by depending where you are it may not be as warm. then back toward the west and london, paris, eveven madrid. madrid, high of 39 as we go throughout the day on tuesday. as we wrap things up with a look at north america, i want to point out a couple of areas we're looking at for the possibility of some severe weather. we do have a low pressure syst

shanghai, a hot spot, 38 here on your thursday. stay cool out there. here if we look over towards europe, we have a low pressure area extending through the baltic states, moving to the east. heavy rain with this. a potential for hail. as that moves east, you will see clearing behind it. the threat is changing back here towards the west. especially across the british isles into the low countries. thunderstorms here into thursday morning. but i think the bigger topic is going to be the front itself in the cold air behind it. there's a big drop, change in temperatures. london with a high of 30 reported here on wednesday. brussels at 33. look by friday into saturday, it drops down all the way to 25 to 23 degrees there in brussels. big change, about a ten-degree drop. it has been feeling warm. if you don't like the heat out there, it's going to be feeling much more -- almost autumn-like. 35 a high in rome. agens with a high of 32. the americas, actually, temperatures big topic here. up to central canada, you are looking at temperatures into the 30s. we have

a g-20 summit will be held near shanghai in september. what the world is hoping to see from china is not short-term stimulus measures but structural reforms. that's what's needed to reduce excess capacity in production and to dispose of bad loans. >> many investors are worried about the chinese yuan, at its lowest level against the dollar in five years but xiao says a weaker currency is not a cause for alarm, at least for now. >> translator: i think chinese authorities may be thinking about letting the yuan's value be decided by the markets as part of market reforms. considering the current state of the country's economy, especially exports, it's natural for the chinese currency to depreciate in the short term. as long as this depreciation is moderate, i think the impact on the chinese economy will be limited. a weaker yuan will give exporters breathing room, but it could affect the purchasing power of chinese businesses and individuals. the lower yuan could make people more reluctant to buy things from other countries including japan. >>

hans: it is based in shanghai and 10% of the team is in san francisco. 90% in shanghai. 80% are my daughters -- they are all over this app. they love this. hans: it originated in china and is on top of the u.s. charts. it was hard to imagine five years, 10 years ago. cory: coming up, the u.k. struggles to make sense of brexit. what the vote means for venture investors. we hear from one of europe's preeminent funds. ♪ cory: as global markets try to recover from the shock of brexit, index ventures just wants to get back to business as usual. they backed silicon valley's like facebook and the headquarters is in london and works throughout the eu. the san francisco outpost is a few blocks are here. bloomberg's adam satariano spoke with jan hammer at their london headquarters to talk about brexit. jan: it has been a big shock to everybody. it has created a lot of conversation on a daily basis. everyone talks about brexit. there is no denying there will be impact. the greatest one of which will be uncertainty. adam: how is it changing your behavior? are you doing things differ

there is the shanghai composite index down a quarter of 1%.hong kong hang seng down half a percent. >> stocks in europe traded lower at this hour. the ftse in london done 0.4%. cac down 0.9% in the dax giving up 1.2% this morning. nicole: technology, financials commended to us all records for the dow, s&p for the fifth record close of day. pulling back a little bit. data features that support. lauren: oil prices traded at this hour at $45.19 a barrel down a nickel. take a look at gold prices traded fairly to the upset this morning. nicole: netflix is looking to the downside, disappointing investors after a sharp slowdown. the company added 1.7 customers in the second quarter well short of expect patient. the bid is 87 of five, 8735 looking down and free-market trading. netflix subscribers using price increases canceled their service. the company's earnings easily beat the estimate due in part to the contact call. >> what could be his final earnings report as an independent company. yahoo! listing $440 million in the second order. revenue exclu

in shanghai, sunny weather not expected until monday but temperatures will be high.'s it for now. here's your extended forecast. 33 degrees. temperatures will be high. >>> be sure to watch news room tokyo at the top of the hour. for all of us on nhk "newsline," thanks for watching. ñ;úcúcúcúcúñ the "franceome to 24" newsroom. here are the top stories is our. top court throws out the results of the presidential election after a far right challenge. irregularities cited as the reason for the do over. local turnover in written after boris johnson quits. the new favorite. 100 years to the day since the

shanghai, though, you'll be drier. also looking at sunny skies for the next three days. hope you have a good day wherever you are. here's your extended outlook. >>> here on nhk "newsline" our top story once again. almost all russian track and field ath leetss will not be allowed to take part in the rio olympics. the court of arbitration for sport has upheld a ban by the international track and field governing body. it was put in place in november because of claims of doping. >> the court of arbitration for sport has dismissed. >> the russian olympic committee claims those 68 clean athletes should be allowed to compete in the upcoming games in rio de janeiro. russian athletes in other sports also facace the same fate. many are calling them to be barred as well. a report by a wada investigator detailed a state sponsored doping program in the country that covered a wide range of sports. the international olympic committee will decide on sanctions in response to that and it's likely thursday's ruling will effect the ououtcom. two russian track and field athletes will be able

rain and thunderstorms from shanghai to hong kong as rains continues on tuesday. speaking of rainy season, the monsoon continues to make its way across india. i wanted to show you a picture of new delhi. renounced the arrival of the monsoon in northwestern portions of new delhi. the active monsoon brought 400 millimeters to central portions duringng the last 24 hours. the monsoonal rainfall also brought pleasant temperatures after a long span of sweltering heat. you may remember, we talked about how daytime highs in new delhi above 35. on saturday, dropped to 31. but we are expecting the rain to continue. here's a look at the monsoon map as we progress and see where the rain is taking place. moving toward the north and west right now. that orange line showing the edge. but plenty of raininfall down fm the south and east of that. so looking at lots of rainfall, much-needed rainfall. looking at much cooler temperatures associated with that. looking what's happening over europe, clouds twisting up. a core associated with that. high pressure pushing northerly flow aro

the shanghai composite up getting half of a percent. the costly and south korean movie lover by 51%. nicole: the breaking news to mention for the status in japan. the bank of japan said no way, no helicopter money. the ftse down one third of 1%. the cac in london and france and the german dax down roughly one third of 1%. today is the big european central bank meeting. it is more likely in the month going forward. maybe more later in the year. nicole: speaking of central banks, the rally we've seen in u.s. stocks over the past nine days is fueling our mark its two day perhaps i will talk about raising interest rates again. 40% chance of a hike. coming in december, looking at u.s. futures now we have a slight pullback. dow futures on 24 points close at another record high yesterday. s&p futures down 2.5 points. the nasdaq at its highest level of the entire year pulling back three points this morning. nicole: let's check out commodities. dropped below 45. 4583. we did have a drive down yesterday. that was some good news there that helped

the manager said attractive valuation with the shanghai benchmark down 40% from his 2015 feet.s considering the sale of some software assets as a part of a plan to streamline operations. sources tell bloomberg they are looking to develop some acquisitions made over the last decade, including murder create interactive and others. -- mercury interactive and others. they say it may not result in any deals. penaltiesa planning over the emissions scandal. the punishments include fines, recall orders, and withdrawal of certification. korean prosecutors made the request, accusing vw of fabricating reports. up to 150,000 vehicles sold since 2007 could be affected. that was a look at some of the stories making headlines. boeing and airbus may be set to win multibillion-dollar deals. aircraft makers gathering for the u.k. airshow are hoping for orders from europe to india as they look to ease concerns about the slowdown. the industry is expecting fewer orders? rosalind: especially of wide-body planes. analysts will be looking at the airshow because this is a big one for the industry to s

it is a fraction of the shanghai stock market. chinese stock market has been dominated by retail investors. it is good from a structural point of view to get an injection of some of this long-term cash. as one analyst told us, the national council for social security fund, which is going to be managing these investments, has been a very effective value investor. you could see this as a bullish .ignal to buy the state fund as one strategist said, it is like warren buffett buying the stock. yvonne: thank you so much. a look at some of the other stories making headlines now. deutsche borst is said to lower the threshold for shareholder approval on its london stock exchange acquisition. the decision will be reached monday after parties involved examine a technical issue. deutsche force says investors have until tuesday to tender their shares. hewlett-packard enterprises is continuing -- considering a sale of some software assets as part of a plan to streamline operations. sources say the company is looking to divest acquisitions made

i was talking about the rmb, take a look at the shanghai composite. we are seeing a lot of pressure on this market. pressure on asome lot of these developers, materials, cement. have a look at some of the main benchmarks. -- we are seeing some pressure. up with thethings kiwi dollar. dropped early this morning following inflation data. at these levels for the most part of the morning. yvonne: thank you so much. softbank said to be nearing a $32 billion deal to fire british so my conductor -- to fire company.emi conductor >> this is going to be a blockbuster deal. acquirebillion deal to arm holdings, listed in london. it supplies apple, a big-name for softbank to be acquiring. they will offer 17 british pounds for each arm holdings share. cambridge, itn has really come to dominate the design of smartphone chips. lab in ad in a small converted barn and has its designs in 95% of smart phones. it generates royalties when people use its architecture. a potential blockbuster deal for softbank. yvonne: given how much the pound has fallen, it could be a good

shenzhen isaking, taking it worse than shanghai. get me back in shot.re looking at construction stocks taking the brunt at the moment. down by about 1% at the moment. angie: thanks, david. coming up, we will talk more about the coup attempt in turkey and the implications on middle east markets. cio joins us next. ♪ ?c+sv 90ie: 2:30 in sydney with minutes left of trading. every sector is leading except mining. top stories on "bloomberg markets middle east," the lira has regained half of its losses following a failed military coup. says 6000 have been arrested with more than 100 plotters and 100 civilians killed. gas and oil are flowing unhindered through turkish ports. yousef: saudi arabia is planning to expand crude export capacity with a shipping complex on the east coast. the energy mnister says the king needs a fleet that will match capabilities, with aramco requiring more tankers to meet demand. oil prices have rebounded 70% from this year's 12 year low. opec expects demands to rise. angie: exxon has outbid oil surge for a company that controls natu