Low. Multimonth low for a lot of asian indices here. Two things here. Fist is were seeing demand for safe havens now. A little bit picking up a little bit. Yen 107. 12 against the u. S. Dollar and that brings up the u. S. Dollar index. If we can get it up for you. One more try. Here we go. Its run up over 7 over the past few months or so. Again, its being scaled back right now on expectations of the u. S. Rate hike may be pushed back further. Why not, comments from a number of fed official thats they may actually need to put that up a little bit given growth out and perhaps implications that may have on the u. S. Economy. Aussie dollar, for example, dollar index flow, aussie dollar, of course, over the course of two days you can see a spike up,. 6 . But risk aversion today. Largest speaking still persisting despite surprisingly upbeat trade numbers out of china. I will leave it there. Be back with more whats happening elsewhere in the markets a bit later in the show. Back to you. Indeed as well. China to some except here as well, export beating expectations. Whopping 15. 3 gain there. Imports also, well, much more being imported than actually had been predicted by the economies we had been surveying. Our china correspondent is steven engle and hes in beijing. Steve, tell us. On the sursurface of things it looks as though Global Demand is picking up. That is helping chinese economy offset the prolonged weakness in the equity market. Key pillar of this economy here. Exports rising 15. 3 in september, most since february of last year. Economists expecting rise of about 12 . Imports better than expected rising 7 . The most since february of this year. The consensus estimate from economist surveyed by bloomberg was for a 2 decline in imports. Trade surplus was nearly 31 billion dollars down from last months record high of nearly 50 billion. Bottom line is, rich, the economy has stabilized. Pboc governor just over this weekend saying the economy will continue to exexpand at a steady pace and if we read what authorities had been saying all along, we shouldnt be looking for nager fiscal or monetary stimulus. We hord from premier scheng as well saying the quality is perhaps equally important, if not more important than necessarily the pace of growth. Theyre sticking to their words now. Looks as though the external picture is improving and thats helping the domestic economy here. As my colleague in the beijing office had mentioned in the last hour, we are Digging Deeper into the export and import numbers. Trade numbers, especially across the border in hong kong where we got into some trouble in the last couple of years with some over invoicing issues which inflated numbers to chase hot money inflows. So we will look at that again. Hong kong numbers were considerable lyinger than what we have seen fleept months. Thanks, steve. On the streets of hong kong, police are remeeving barricades it, taking back Government Property. We are live at the scene. Roz, you have been covering this from the start. Its been something of a slow burn. And the market is different now. Yes. There was a bit of tension this morning as police moved in to remove barriers. They have also been reinforcing barricades and also front lines, putting more people there tents as well as physical human beings to make it better for police if they take further action. On the police front, they have said that they have no further instructions from commanders for the day. They said very clearly to clarify, they are removing rather removing barricades but not removing barricades but reclaiming the Government Property which could be the physical metal structures. They also said theyre not moving actual barricades and not moving protesters. That is what theyre very clear on today. So right now as it stands, there are police behind the line there, behind me of the initial barricade. And front of me there is a reinforced barricade as well. Second bar kide to stop any action if they decide to take any. Right now there hasnt by any instruction. Also, its been very peaceful today. Hasnt been really any clash between protesters and police for some yelling. Back to you. At thats st looking well, we see they want him to resign now. The thing is youre saying theres no point in doing that because it wouldnt make any difference, right . Yes. He says hes not going to resign because it wouldnt solve the problem for the democracy campaigners and this is why. We hope to negotiate to achieve universal sufffladge 2017 but if the precondition is to neglect the peaceful decision, everyone knows the chance for negotiation is close to zero. So what he mentioned chinas planner, he means plans to announce 31 of august to allow hong kong 5 million eligible brokers but only from a few company thats have been vetted y china. Eiterating they will have this before the election here in hong kong. How have protesters reacted to the message coming from the chief executive . They hold the government accountable. They say he should do the right thing. Misspent a lot and that was in beijing as well as formulated. They say the government is accountable for this. And thats why leung should step down. The chairman has been hoping to meet with and because of the rallies have surfaced, it could ot begin and over the weekend, the number swell. But they did supporters did bring the number swell. In the numbe weekend. Thank you for that, rose on the streets of hong kong right now. What impact have these protests had on Small Businesses in this part of the world and indeed hong kong, of course, naturally. The currency of asian, how business has been hit. Some have been about 50 . If they were standalone businesses, they couldnt last much more than a month. Fortunately theyre not. So the business goes on. But with the portfolio, they will suffer. Most subsidies of hong kong, dont have more than one month of cash. Cant go on much longer. People will go out of business than will have a lot of social mpact. Political Risk Advisory says the protesters and government need to rethink how they approach the standoff. In any Democracy Movement will have to keep niped how it stays relevant. To make sure it doesnt irritate the people who support its needs. China and Hong Kong Government are appealing some heat from this because theyre going to make statements saying this is bound to fail. Real deloipt go out and say this if its true. Only if you fear its not true that you say that. Simon cox, bank of new yorks investment strategist for asia pacific how the protest has really affected hong kongs reputation as a business destination. I think its modest. If you think about the board complaints that surfaced, economic equality and so on, some of those are symptoms of success. Money flowing into hong kongs market, you may notice it in hong kongs shops. This sent a city struggling for demand. The city has been populating. Think i think by Global Standards hong kong remains successful and it wont damage that reputation too much. If you talk to people in ingapore, nervous hong kong is visavis singapore. Thats the word from asia on hong kong. Coming up here on the Program Giving corporations the boost as far as the budget goes, heading to kuala lumpur to dissect details. Officials have been assessing weak Global Growth and the could affect the american recovery. They may postpone rate hikes if the World Economy doesnt pick up steam. Speaking at the i. M. F. Annual meetings in washington, other officials echoing concerns about the economys ability to with stand foreign weakness and strength of the dollar fpblet on the other hand, i. M. F. In beijing saying theres no need to worry about chinas slowing growth and the economy. Peoples bank of china saying the country needs to maintain what it called prudent margin policy amidsteady growth and mild inflation. For more we are joined by the chief asia meerging Market Strategist of jpmorgan. Nobody would advise imprudent Monetary Policy, would they, sir . I always like those statements. It does not really tell us anything, does it . Absolute wonderful benality. But its true, more of a case switching to qualitative rather than quantitative growth. I think at the moment investors are confused about many things, including what is the balance between promoting reform in china versus going for the 7. 5 growth target. And more global lynn vesters are confused when you talk about the fed making a statement that sounded more dovish. Remember this Market Correction that started in Early September whats the prospect of the fed increasing Interest Rates and thats when you began to see the dollar strengthen versus the euro and yen. And then you started the correction particularly in assets like emerging market equities. And you see that money being taken out, has it not . Definitely seen large redemptions plarksly in the e. T. S. For emerging markets. Theres been broad risk of trade going on. How have e. T. F. s come to china is another story, is it not . We have seen outflows from china dedicated funds as well. So where do we go from here . If we look at currency play, dollar continue to strike . We have seen a bit of a pullback against the yen at least. The expectation is you will see the dollar firming over the next couple of years as the u. S. Appears to be the relatively stronger economy. Although thats against a very easy bveragemark of europe and japan. But we would argue that much of the correction that needed to happen on the dollar near term has already happened in terms of its strengthening. We think the story focused next year is big inflation dividend. What we mean by that is as commodity fuel prices have fallen, we are going to see inflation undershoot next year. And thats incredibly important for our part of the world where incomes are relatively modest. O if the price of fuel comes down, price of food comes down. That frees up Discretionary Income and gives you a positive surprise. When you talk about that as well, e. T. F. s coming out but i think want to go nonconsensus clauses positivety when it comes to emerging market equities. Thats right. What we think is a story people are underappreciating how arning s can do are underappreciating how earning s can do well next year. So the argument for the top line is Discretionary Income gets helped by inflation. If we think about this overall margin perspective and put prices are clearly falling and that will be helpful for margins. E. M. , which has been disappointing in relative earns versus developed markets i think has a great chance of outperforming in terms of Earnings Growth and ultimately, that will drive the relative perform eaps of stock markets. What do you do . Its not a broad rush recovery, is it . What industry groups, et cetera . I think countries best placed for this are the grouping of indonesia and thailand. Despite big rally we have seen in the countries. Global three countries have been doing pretty well. Look, i think theyre being moved on the correct fundamentals and when we look at the valuations of these countries, they still look very reasonable. And we would argue that the earnings are depressed. Out with that, i think it becomes much more sector specific. We have like tech this year, clearly were going to see a ch correction today on the back of some of the downgrades that we saw in the u. S. On friday. If you look at the detail of those, i think the market is completely overreacting to it. So i suspect its going to give us an opportunity to add to next week or so. Ok. Thank you very much. Stick around. We have a full discussion coming up in 20 minutes. Up next next week or so. Ok. Thank you very much. Stick around. We have a full discussion coming up in 20 minutes. Up next president Vladimir Putin expecting a Frank Exchange f views at next months g20 summit. Details on that. Lets check on some of the other stories making headlines around the world jafment pans two biggest carriers canceled more than 150 flights today. That is storm winds disrupt travel for a second week. The typhoon made landfall but still gusting to around 180 kilometers and now 35 people reportedly injured. The authorities have issued evacuation warnings to 200,000 people. Meanwhile, another powerful storm hit indias eastern seaboard. Cyclone hudhud reported to kill at least six people and causing widespread damage in arissa provinces. The system crossing the coast with winds up to 200 kilometers an hour but is expected to weaken dramatically. Nearly half a Million People have been move add way from the coast as the storm approached. Change in weather helping to clear the skies in northern china. This was a scene saturday as pollution was 20 times the internationally recommended level. The reading for particles stopping 500 in places. World Health Organization safety level is 25. Cooler winds have helped to improve the situation. Today is the first full day of chinese premiers threeday trip to russia. He is scheduled to meet president Vladimir Putin and oversee the signing of a string of Bilateral Agreements expected to kov energy, transport and finance. Russia has been returning to them, with sanctions for the reign. And the g20 next month taking place in brisbane and its confirmed president putin will be there. Was there ever a chance the g20 would be able to freeze putin out here . It was certainly discussed here in australia and there was some political pressure applied domestically to persuade the government not to allow Vladimir Putin to come to brisbane for the g20 which happens in a months time. That wasnt just over russias involvement in the ukraine but more importantly to due with the mh17 disaster, when that plane was shot out of the sky, there were 38 australians on board. So theres particular point point ansi for australia in that respect. That terrible incident also happened pretty much around the time of the g20 trade ministers meeting in sydney and there was a lot of discussion then as well what to do with russia. There was confusion as well whether the rules even allowed the g20 to exclude anybody. There was no precedent of the g20 ever barring a leader before. But now the australian treasurer confirmed yes, Vladimir Putin would be allowed to contend, there was consensus he should be there with very strong views in particular being expressed by the u. S. President and the german chancellor. He also added australia did not have the unilateral power to lock anybody out. So Vladimir Putin in brisbane. He will not really be welcomed with open arms, is he . No. Its certainly going to make that summit a lot more interesting. They do tend to be quite dry. On this occasion theres expected to be quite a lot of tension and a bit more color involved when subpoena vp does show up. The news Vladimir Putin does show up. The news after joe hockey met with russias finance minister, he said he had a full and frank discussion with him and Vladimir Putin can expect the same in brisbane, rich. Thank you very much indeed. Paul allen there for us in sydney. Lets check on whats going on as far as trading go theres for the time being. Just having a look at the market which was lower along with the rest of the asianpacific, Global Growth concerns partially responsible for that. We have a. S. X. 5,159. And peeking it out to whats going on in seoul, bucking the trend there. Top 1. 9 in this declining market. Kospi down. 7 . And they announce they had invented a wifi system, samsung, five times faster than the current available product. Thats what they have at the moment with the kospi, down at the moment. Looking at whats going on in hong kong, protests continue with occupy sen thral. Central. Police on the streets removing barricades and taking back Government Property. Thats what we have at the moment. In seng, thats the scene admiralty, slightly to the east of Central District but right next to the financial district of the former british colony here as well. So were just about 40 points elow that, 22,963. Asia edges back in a couple minutes. Keeping it all in the family in india. Enbarney. Od to be and yum brands designs on myanmar. This is the Worlds Biggest Oil refine are. Its reliance, reporting later today and were expecting it to have the slowest growth in a year. Analyst says profit would be up about 2 because that would be the last quarter because of asias weakening demand for fuel. Chcht is spending 29 billion to expand the oil business there and starting a new Telecom Service next year. Reports have been on changes on the reliances board and his two children have joined. A Generation Next preparing to take over . The third generation, clearly the indication we have seen the succession that in the private sector. The youngest children, yearold twins acache and ikish, for reliance retail. It is really interesting. Reliance had been working since the 2015 launch for 4g Telecom Service. Associated with the Telecom Venture and involved in the development of products and digital ack places. Similarly, reliances retail unit which posted its first annual profit in the last fiscal focused on improving profitability now that revenue stabilized as part of its efforts to boost margins. Reliance was shoved for what it calls global forming star as cross different formats and company told analysts its last quarterly earning release will continue. So they have grown 15 , an indication that seems to be working. What we know about the two children, one graduated from Yale University with majors in psychology and southeastern Asian Studies la