dave: yesterday, the story broke about sumitomo construction, a subcontractor using asahi kasei materialsad been a building that subsidence, that was leaning, and the investigation put the finger on sumitomo, and they in turn put the figure on asahi kasei, the manufacturer of rubber materials used in the building. asahi kasei today admitted they had modified data from the report when they had installed some support pillars for the building. so that is causing their shares to decline today. where another example of data compliance has not been up to snuff. rishaad: dave, thanks. dave mccombs, joining us from tokyo. a look at what's going on in china with the telecom industry. wireless carriers, news of a major restructuring when it comes to the mobile phone business. tim joins us now with more. what's going on here, and what's behind the reorganization? really, is quite simple. china tower is being set up to run, as the name suggests, the mobile phone towers that are dotted around china. like most countries, every individual telco has the run towers. sometimes they lease those from third p

some machinery makers showed gains despite the dismal orders figures, and sumitomo and hitachi construction machinery among them. analysts say the drop in orders may be a temporary outlier. the focus is on the u.s. federal reserve september policy meeting out on thursday. giang nguygen reporting from the tokyo stock market. >> thank you. >>> china shang lie closed 3% higher after a national holiday. the biggest gains since sent, but trading was thin and worries on the slowing economy. shares ended at a high. the s&p was up 0.24%. the country the australia's largest trading partner. stocks in hong kongl 0.71%. singapore shed 0 .50%, but seoul ended higr gaining almost 0.7%. the eldest son in a family that's fhting for control of a multinational firm has taken his fight to the courts. he wants judges to nullify a move by his brother to dump their father from management of the lotte group. he's been a victim of the leadship struggle, forced out of the position as vice chairman of the japanese south korean conglomerate. he wrote a statement for his wife to read in a news conference in seoul say

and ufj financial group advanced 2.3%, and sumitomo and mizuho gaining 2 % and 1.5% respectively. honda motors spiked 4%, isuzu added 3.7%, and toyota gained 1.2%. beating the markets is snack food maker, calbee, rising 9.6% on reports it will grow 10% in operating profit from last year. so money flowed into stock markets on the prospect of ecb monetary easing in december. it also increases speculation that the bank of japan could decide to expand stimulus when it meets next week. >> giang, thanks. >>> other markets in the region rallied as well. many of the indexes hit multimonth highs. in china, the shanghai composite added 1.3% closing at 3412, and some bought on hopes of fresh stimulus measures were the communism key policy meeting next week. shanghai rebunded to a two month high with all sectors adding gains, rising for a fourth straight week. kospi advanced 0.9%, and upbeat figures lifted the index. sydney reached 1.6% for a two month high, and officials are working to hint the 2% inflation target around the first half of next mifiscal year. they are expressing views that mo