the chief executive is tony fernandes.ys demand from chinese travelers picked up in may and he expects the operating environment to improve. our southeast asia correspondent, has haslinda amin, spoke exclusively to tony. he told us that he can't control investors who have devalued the stock by 60% in the past 12 months. why are they not buying, are they shorting, is it the ringgit situation, there's a lot of issues out there. my job is to deliver profit. i'm confident in that ability to do that. i've been through this many times. my job is to continue to deliver results, listen to what the market is concerned about, explain our situation. we look at the long-term. criticism has been the same that was given to us on thailand. feel we have a valuable franchise. we have a fantastic database. haslinda: you talk about how thailand is a key market. with the recent bomb blast, a deadly one, do you expected to be impacted by that? >> in the short-term, yes. we've been through this many times. many been through incidences in thaila

we will also talk to airasia's tony fernandes about why profits have plunged.ay, richard goyer fund -- time.pore checking in on markets in asia this morning, stocks are down. chinese stocks leading declines. hong kong stocks closing just short of a bear market. let's head over to new zealand, where we are trending down .3%, extending losses from yesterday. dollar strengthening slightly at $.56 u.s. but we are seeing the impact of the yuan devaluation. kazakhstan has abandoned control of its currency, sliding 45%. -- 4.5%. in japan, stocks at the lowest in over a month, yesterday closing down .9%. chicago nikkei futures pointing to a lower open. at 123.47. note trading in manila to mark the assassination of an former senator. has rattledies rout wall street, the s&p 500 has fallen the most in 18 months. let's go over to su keenan in new york for details. su: it is a big test for the bulls. $5 billion in value erased. we had the nasdaq down almost 3%. all of this on growing concerns of economic growth globally faltering. there are concerns about a rate hike in th