Most opponents that he previously faced, watch out when tim kaine comes in. He was flustered and off his game. Mike pence came with his a game and demonstrated a contrast. The important thing for voters to understand that the single most important thing a president ial candidate does is choose their Vice President ial candidate. Tonight, donald trump proved that the kind of people he will put around him are people like mike pence, solid, solutionoriented folks. Mark thank you, and i know some are agreeing he had more good moments. Is there a single good moment you would point to, hoping that is what gets replayed over and over. There are several. A couple one line zinger is, the he said, you have worked on that a lot. I think the substantive exchanges, where he bested him on contrasting his record in indiana bringing down taxes and unemployment, two tim kane kaines record of bringing up on employment. Would you prefer donald trump perform more like mike pence did tonight, or like the first debate . Donald trump is not a politician, the more we focus on issues, the better. People are ready for change in this country. The more he can be an agent of change, the better. Mark you feel better after tonight then after the first president ial debate . I can sleep tonight. Mark thank you, the top advisor at the Republican National committee, integrating the Trump Campaign. We do our closing minutes on the coverage on bloomberg to television and twitter. I was listening to the spin, republicans are skyhigh. Democrats are not making excuses, but they are trying to justify. Again, you probably cannot help it does give the barackcans, just like obama did, the sense obama had a horrible first debate in denver, maybe not quite as bad as donald trumps, he did not spend a week worsening the situation. So they needed a respite, to give them a sense of hope or a sigh of relief. Had ahe way joe biden different style, because he debated in a different way. But he was able to give to feel like the sky was not falling. The sky is no longer falling on her head, but they will hold their breath again as they wait for sunday. Mark republicans will hope a couple things, but they have momentum, the donald trump looks at what mike pence did and seizes on those things. Any will also hope there is ability to drive areas on taxes, on Hillary Clintons record as secretary of state. Mike pence knew had to take advantage of it, not just dialectically. And the thing about mike pence, a lot of people in the press mischaracterize amounts him but he has always been an optimistic politician. He was cutting and direct, but showed a lot. His closing statement symbolized the night, focused on commuting communicating to the people at home. Of kaine made the mistake not doing it. John also not seeming to know what camera he was speaking to. As a debater you must now because you are speaking to people outside the hall, what camera you should be talking to, not talking to the monitor, but to people out in americaland. Mark you could not say the tim kaine made a huge mistake, but in the harsh and unforgiving mike pence politics, delivered in tim kaine did not. It does not change the race in a fundamental way, but mike pence was at his best. John we had jennifer and donnie, they clearly understood they had a spin job to do. I am curious whether in the next few days, how much focus there will be on the places where kaine pressed pence on things like taxes and russia, where pence decided he would not defend donald trump. Just decided some of the best thing to do is just to stay quiet. How will those clips play, and what commentary will they engender . I will be interested to see it. Mark lets go back a site were said here on the campaign trail for closing thoughts. I think you hit the nail on the head, a win is a win. While it was not the landslide saw with Hillary Clinton over donald trump at hofstra, it was a nice and polished and disciplined performance for mike pence. We were talking before the debate about what his main mission should be. Should he take on Hillary Clinton and try to score points on some of the issues that she like thele with, server and benghazi, or should he renormalize the Trump Campaign and try to really get appeal to the base and undecided voters in swing states . It, the stroke them i be mike pences genius is solidifying around, i will have a good faith message of our mission, and that may be enough to get much more enthusiasm and positivity behind his campaign as we head into what will be a a crucial time. Will donald trump look at mike pence and see what he did, the preparation he put in, especially around and is on taxes and issues, and will he learn from that . We thank you for that. We will be hearing from some focus group set up and conducted some online instant polls, important for people not to Pay Attention to those. Please do not do that. Mark and very good news for republicans, now sunday night gets built up. They need a big audience, they need donald trump to perform, but now they will get more excitement and media focus had mike pence not perform. From our colleagues a Bloomberg Television and our partners at twitter, we wish you a good night. We will see you on sunday in st. Louis for that second president ial debate. Have a great one. Sayonara. One of the finest ways to get to the other side of Victoria Harbour in hong kong. That is where we are, we are watching a mixed market in the middle of the asian trading day. We are live in hong kong, this is asia edge. The top stories this hour, stocks and bonds fall across the asiapacific. New fed comments revive hype speculations. More bank issues, china has cut in along with mongolia. Seconds in, the Vice President ial candidates headtohead, trump and clinton dominate the debate. Google challenging apple, amazon, and oculus with new software. Exclusively to a billionaire chairman for his take on the Investment Opportunities in indonesia. Quarter, can it persist through the rest of the year . Ahn. Get you to shery we are seeing a mixed picture, the index swinging between gains and losses all morning. The nikkei up. 6 for three consecutive sessions. A weaker yen right there. Kong gaining. 7 , searching for a third consecutive session. Closed byhina mainland funds, pouring money into hong kong as we have more access to the market. We have a session with a weakening korean currency. Gaining in the morning session, now down half a percent. One of the reasons for that must be we are seeing a pull down from those gold miners. The gold price has fallen the most in three years. 7 , now downthan 5 . Evolution mining down almost 8 . Zijin mining almost down 3 . Not great for the bullion. The dollar reversing, three days of gains to fall. 2 . In three the most weeks. Having anng strength, impact throughout the markets as we see the strong dollar putting some pressure on local currencies, as well. This is the view from asia. Hong kong dollar, up for a Third Straight day, it has been the hottestthis is the view fro. Rally in asia. The view is that the marketeer will continue to lead the region through the end of the year. We had dividends last year, why are we seeing that . There is been a massive amount of money that is come to hong kong from the chinese mainland. These last three or four months has seen more net influx. Since it started, i think the spring of 2015. It did not last long, the market came crashing down. It is also a function of markets on demand, not doing very well. Cheaper valuations in hong kong. 4 andrically as well, q october specifically, have been very good for hong kong stocks. We are looking at historical data, there is no guarantee. Back, with the exception of what happened in 2008, it has been up every single october over the past 10 years, up an average of about 5 . There was a lot of attention on this upcoming talk to us about valuations again, what are we seeing . There has been movement in the opposite direction from what we saw last year. Valuations, when you look at hong kong, compared to pierce. , it is veryng cheap. Whether that is comparing it to the rest of the world, who take emerging markets, for example. Historically, you compare this. I think another bloomberg chart shows this. Higher, little bit compared to the past four or five years. That is merely a function of the market being in a very sad state. We are not quite testing historical highs against itself, and against its peers. Cheap, which is why people are expecting the market to remain supportive. Angie what are the risks to this view . Everyone is convinced for various reasons. There are several reasons unique to hong kong. Eventssales, commercial the positives, hong kong stocks are not really hong kong stocks. They get their major revenue from china. The second risk is that we will get the fed rate hike at some point. That is not exactly the best time to be borrowing cost increases. Angie and check out the latest retail sales, it is pretty dire. A lot of that is tied to incomes here. It is not the best time to see your Mortgage Rates go up. Mentioned hasi come here in huge amounts that could quickly turn around. They are not the most stable of investors. Hot money cooling down. David, thanks. Rishaad the Vice President ial debates were quick to go on the attack in their first and only debate. Tim kaine slammed donald trump on his taxes, mike pence went over Hillary Clintons email controversy. I think he is a fitting running mate for Hillary Clinton. In the wake of a season where American Families are struggling in this economy under the weight of higher taxes and obamacare and the war on coal and the stifling avalanche of regulation coming out of this administration, Hillary Clinton and tim kaine want more of the same. We trust Hillary Clinton come my wife and i, with the most important thing in our life. We have a son deployed in the marine corps. We trust Hillary Clinton as the commanderinchief. The thought of donald trump as commanderinchief scares us to death. They were watching the debate along when university in virginia. Who did better . We saw a very solid performance from governor mike pence. He made a lot of the points that donald trump did not. He prosecuted Hillary Clinton over her comment about Trump Supporters being deplorables, he was able to prosecute her over position at the Clinton Foundation and the donations they have taken from other parts of the world. He had a very strong debate performance. What we saw from senator kaine was a revival of a lot of the attacks secretary clinton made against donald trump last week. Was able to perry a lot of those attacks. He had a very Strong Performance tonight. Kaine,what about tim what kind of body blows was he able to land, if any . he repeatedly repeated the comments of donald trump, sayinging from taxes, trump said he was smart not to pay federal income taxes, to attacking over the birther issue, to immigration, calling mexican immigrants rate this rapists and murderers. He used the words against pence and tried to get him to defend the things donald trump said. Donald trump has offended a lot of people during the course of this campaign and senator kaine use this opportunity to defend those comments. He did his best to pivot from those comments and put them on the defensive. Perhaps less colorful, but no doubt, very rich in policy. Thank you for that. The world bank has new forecasts for asia, and the outlook for china. 6. 3 in 2018. The bank has lowered mongolias prospects the most in the east asia update. Gdplargest increase in expectations. But everywhere it is seen as a risk. Benchmark may be changing soon, one of the biggest stars, though not a merging member until next year. Are saying the next rate hike wont be an easy decision and he wants solid evidence it is on the up. Indy i would preferred that when we make our next move, communications would indicate subsequent increases will depend on changes in inflation indicators. I believe this would help assure the public this committee is seeking economic and financial conditions to support obtaining our 2 inflation target sustainably, symmetrically, and sooner, rather than later. Angie still ahead, global repercussions. We will talk about the impact a Trump Presidency could have on the japanese yen. Hedging bets. Ery this is bloomberg. ,shaad back with asia edge looking to japan for an ideal hedge. The republican nominee might see the yen surged 100. Japan as a hedge has inherent dangers, hasnt it . A very volatile currency, to put it mildly. Breaking through 100, where we going to go . Go to 75. T could or to 200. It depends what Monetary Policy in japan is going to be. Trade seesawf that you have Political Risk in the u. S. Angie it could go to 200. Right now, the hedge, the story, is that traders are not expecting a republican victory. Really buying into the pundits that trump lost the election, had an awful week last week. What of course, the pundits dont necessarily all vote or vote enough. Trumps oddsk at as being calculated by different websites as roughly what the market was giving the bread is a the brexit campaign. Theaad people are using brexit vote as a playbook for this . Moment,dds given at the how much of a potential, systemic shock it would be. A kneejerk response in equities and bond yields. Shortterm, i can see that if japan has not done anything before then, then yes, you could see a kneejerk response for a much, much stronger yen. But i do not see it staying there. Angie how would you advise a smart hedge . Your exposurewhat is, your risk appetite, and what you are trying to hedge over eight particular time period. Angie purely shortterm around the election . I would say cash, over any asset. Put it on the sidelines. Because the tail risks growing increasingly fast everywhere we look. The downside is huge. Minutes,in about 15 our Group Discussion talking about forecasts, thank you so much for that. Lets do a quick check of the markets. A down day in new york, making itself felt this part of the world. China, hong kong is over. , we were talking about valuations. This is bloomberg. Rishaad a look at our top stories, Vice President ial candidates hit each other with exchanges. As combative as the debate to defend trumps choices, but he deflected to clintons issues. The bloom the bank is likely to wind down after quantitative easing. That may happen in sets of 10 billion euros per month. They say it will continue until next march or beyond, if necessary. Smartphones, ael role in assembling the iphone. Phones, 9 ofded the global market. Sales have plunged over the last five years. The shares, 79. News every day, in more than 120 countries and we are bloomberg. Angie lets get the latest on the markets. Lets take a look at hong kong stocks because right now, they are the hottest in asia. Hong kong shares surging. I want to talk about asia shares because they are gaining for third consecutive session, up. 8 . They are boosted by oil and gas. Along with a surge in the stocks we see here. We have seen big volatility among the shares. It is helped by these mainland funds at have access to the hong kong market. Lunchcoming back from his break. Lets see the morning session, it got a boost from a weakening yen. The yen was weaker. For six consecutive sessions, right now it is unchanged. 102, up. 6 . Yen, searching for a third consecutive session. Look at these japanese stocks, do keep an eye on him for the rest of the afternoon. To be theined 5. 5 biggest gainers on the nikkei, koki,g to sell hitachi for as much as 12 . Da dropped 7 . They dropped their forecast by 33 after reporting weaker than expected results for the first cap. 102,apanese yen at unchanged after six straight sessions of weakness. A new forecast for asia, gloomy outlook for china and mongolia, but better news for thailand with rising credit everywhere. We have been sifting through the report. Not a genetic shift. Theyre changing their forecast shift, theymatic are changing their forecast. Expecting it to pick up a little bit. They are talking about broad resilience in the region. 6. 2 next year. The forecast for china as you said, unchanged for 2017. But for 2018, the previous forecast of growth, taking that down to 6. 3 from the ongoing reform process. It is from services to consumption. They think it will continue. But that output growth as a result of cutting, this will going into these excess capacity type of industries. Thailand has standout growth. From 2. 5 to 3. 1 . Significant upgrade. Again, picking up in 2017 and 2018 as well. The biggest losers, mongolia. Stagnant growth for 2016. Rishaad they are lucky to have it. And growth coming down to 3. 5 . April we were expecting growth of 6. 2 . Despite stimulus, the debt will continue to drive. The chairman says its failed shipping line could have survived with a little help from creditors. Seoul, hering in talked about supply change disruptions. ,e have been covering a story for weeks. What did the chairman have to say . This was his first real Public Comment about the issues since receiving protection. Said he failed to persuade creditors to give more help. Inject they planned to 451 billion u. S. Dollars, which was rejected. The development bank, the said that whatr, they had proposed in the Restructuring Plan was not enough. Ofy said it fell short creditors to provide help. Around 890 million, to raise adjustments and extend Maturity Dates on some loans. A this hearing in seoul, said quick revival would be key. They have to see what happens to the container liner and submit a proposal for a possible revival on shipping in december. They were accused that they savede shaped the the container shipping line. But we have heard from the director, as well. What did he have to say . There is a little fingerpointing going on. While he was saying his creditors could have helped moore, his main creditors said, they could have gotten more help from the main shareholder or shipping, korea a