Across the asia pacific beginning in the week with a pbt . E of well break it for you here on bloomberg. Were seeing the aussie dollar lower. Check out whats happening across the board. Youre seeing red arrows at the a. F. X. 200 there. The drops. Gold is advancing among the precious metals. Weve watching some of the tech makers including nintendo. Taiwan opening. Well keep a close watch on the asse rsks t today after that companys opening on friday. Looks like a decline for those markets. Well be watching that very closely. Precious metals they are extending earlier gains. National gas futures declining. We had lackluster earnings numbers and a reminer that the u. S. Markets are closed for a national holiday. Rish the data out of china will be moving and all the tech news that is moving out of japan. Take a look at nintendo shares. Plummeting at the open. This after forecaster surprised the japanese game maker losing the battle with the xbox. And john is right here to explain. Whats going on . A rough time again. They forecast originally a yen. T of 55 billion. Ey have an 80 million they hammered the stocks. From 17 in the states and they offered to close the trade on friday. First of all, theyre cutting their forecast for the wi icon 19 to 2. 8 million to million. A migration to smart phones. The christmas buy, they were buying the play station and new consoles on that level. Youve seen nintendo, 14. 9 million in consoles in the 15 months that it was released in comparison to the xbox has shipped 4. 2 million in three months. That was a dramatic difference of demand for the different areas. Communication failure. Avatars for future gamers and the third Party Supporters going e. A. Games for example canceled all their wiis is u projects because of this. Have they got a strategy or a plan w . Plan b, they do make a lot of good games. Its probably cheaper to make a software. The 3d is going pretty with. The man in charge is studying how small devices can be used to grow the business therefore make gains not consoles. Could be the plan. Theyve got Donkey Congress coming out, Super Smash Brothers and mario has another game which is pick men 3. O these games could be the way forward. We should be watching. Thank you very much indeed, john. There we go. Nintendo and its wii losing out. What else is going on there . You heard john talking about the challenges there for nintendo. Lets take a look how the stock is moving today in tokyo. It was down 19 earlier, now a 12. 12 . Its a well be watching that very, very closely. Other rumors today we want to bring to your attention tokyo electric is down about. 5 considering that the company spent 26 in its investment. Its growth plan has been charted and it is looking to move beyond the Fukushima Nuclear crisis and may spend 26 million to get there. Big news out of japan. Its said to be discussing a deal on tmobile with Deutsch Telecom has said that tmobile has valuations returning to at t levels. So that should tell you about he kind of money here. As the tokyo session continues. A sunday night surprise out of frankfurt, its Deutsche Bank warning that it lost money in the last quarter because of legal charges. Hey ended up posting 1. 6, thats pretax. The government there is suing new manufacturing license for hightech green cards and ring incentives to woost boost sales. Hinas Fourth Quarter g. D. P. Umbers will be out in about 50 minutes. Steve, what are people looking for here . Well, the numbers were expecting today are not the runway figures that weve had in years past. Authorities are managing down growth expectations trying to widdle down the risks and the Financial System due to some concern overleverage, debt at the municipal level. Already they set their lower g. D. P. Targs this year than last year. G. D. P. Growth is expected to have grown at 7. 6 according to the media, an estimate of an chist by bloomberg this by. 7 and 7. 5 in the Second Quarter. Were also of course going to calculate the full numbers for the full year last year moderated to 7. 7 for 2013. But its the forward looking projections that are perhaps more interesting as we are into a slowdown right now. The median estimate of economists for 014 full year growth is for 7. 4 growth. That would be the slowest pace since 1990. But tim rodell of the bank said we shouldnt get too worked off over the falling pace of growth. We need to get the investor and market mindset around fact that the authorities in china are going to try and control the aspects around its extraordinary growth as youve been pointing out on the environmental side but also this terms of dislocations that might occur in Financial Markets as they little bit lies domestic markets. And that means that they need to contain growth and bring it as i said to the average around 7 . So over the next five years we could see it dipping below 7 . It shouldnt be seen as a disaster. Thats not to say there are not risks out there in the chinese economy. Take for example new home prices. First year home prices rose more than 15 on average in december ed by the southern cities of guangjo and schenn jeng. Local properties failing to deter buyers and more tightening could be on the way. Prices tightening in many cities. Even though they have raised minimum down payment requirements. And later this morning or within the hour at 10 00 we are also going to get other december data for 2014 that includes urban investment, factory output and retail sales all expected to have moderated year over year in december. Those g. D. P. Numbers coming at the top of the hour. Thanks steve. Steve talking about the property. Ropt very much a hot topic in hong kong as well as in singapore. We do have a guest later from asia hot assets. He saids the most volatile in the world. It certainly is volatile and the chinese marks going strongful you heard steve talk about it there. New home prices in first year cities, were taking beijing and shanghai with big gains. Lets take a look at some of the chinese property developers. These are the prices on friday. Listed shares of Hong Kong Developers. Well be watching ever grand real estate as well as hanglum properties in just about 20 minutes time. Also the well be watching the Hong Kong Developers and how they perform with the data. They all finished the friday session higher. Interesting to see a bit of diversion between those stocks and their main underlinksful well be watching the property stocks and giving the latest data we have been given from china. Weve looked at china and weve looked at hong kong. Lets get a look at india. The nifty closing down at. 39 . Looks like it could be further down, down. 4 . Were going to be catching up sri sher langians lankas expert. This is on the move. Sri lanka continuing its campaign to track asian money. Were going to head off to now because the chairman of the Stock Exchange. Hes in singapore for that invest sri lanka. Thank you very much indeed for joining us. Tell us what the appetites like for sher langians assets these days . Theyve seen significant amount of torn influence into the market in 2012 and 2013. This is despite the overall independence cease being independence dexes down in 2013. Overall volumes have been down. So the appetite has been good. Lets talk a little bit about expectations for the Price Performance there on the Stocks Exchange now. Where do you find the demand coming from . Generally speaking do you expect to be good this year as it was last year . Well, last year, the price index was about 3 to 5 . We expect that this year should be better in particular local participation should increase because Interest Rates have come down in the last few months. Local activity is a majority of the turnover about 60 of the turnover. Foreigners account for as much as 40 . So foreign activities also significant. What about the pipeline there . What about initial Public Offerings . What are you expecting to see when it comes to that . The pipeline is good. We have together with the securities and Exchange Commission been talking to a number of large Unlisted Companies to persuade them to list. Also in the 2013 budget, the government announced special tax concessions for companies that with n the Stock Exchange a minimum of 3 . Weve seen a number of companies lining up as many as 20 to 0. I condition not say how much. But its certainly looking promising. Any of them some of these large companys that youre having talks with currently . Yeah, we are talking to a few large Tape Companies but again i cant comment whether we see a state company i feel. It is too early to sayle well, i guess your job is to try track people to come in and invest. What incentives are you providing people especially to attract foreigners to the market . Well, the market has seen foreign activity for over 20 years now. The incentives you have are quite difficult you see in other emerging markets in the region. We dont have a capital gain stats. Here are lower transaction costs. So in terms of incentives othing unusual and quite similar to what you see. A lot of people would be looking a the climate there to invest as well. How would you describe the state of affairs when it comes to Sri Lankan Company . The climate has increased dramatically in 2008 and 2009. Weve had 8 g. D. Psm growth in 2010 and 2011. 2013 was just over 7 . The forecast now for 2014 is over 7 . So its a country coming out of 25 years of conflict. The company is picking up a lot of infrastructure being built on the ground. Tourism numbers have grown and other Economic Indicators are quite positive. 2014 is looking quite positive. The g. D. P. Growth expected to be over 7 . We have to take a break. Coming up, japan wants to make its empire even bigger. His latest target, well tell you what that is. Details coming up after this very short break. Wfer this trading week commences here in other places and shanghai as well. E check out negative cues from new york and the preauction coming down by pbt 4 . Futures also indicates that we will be seeing declines. One company were watching is south ban. They carry voracious appetite signs no deal of letting down in terms of telecom about being tmobile and this will be hot on the heels of sprint. So according to people familiar with the matter this deal could be several months away. And think it makes sense before we go into all the details just to set the stage to go over and establish the key players. Of course, we have a japanese company. They bought sprint. That deal was finalized by the f. C. C. For 21 pn 6. And we have deutsch telekom. And they wants an allcash over for tmobile. And theyre in the process of try to pay them in cash. Theyre looking to secure 20 billion in financing from the likes of goldman sachs, mezuho thats according to people familiar with the matter. The question is why are they looking to merge . What can they get out of this deal . Its a very Competitive Landscape in the united states. Tmobile has done well. Theyve been acquiring more and more customers. They have an edgy proposition compared to other services available. But the real big goal is to go against the two heavyweights in he u. S. , at t and verizon. There are unresolved issues they have to consider. For example what do they want . We know they want all crash but what is that mixup going to be . How exactly will sprint be integrated . Whether it be be integrated with clients . And the last one i threw up there which is the breakup fee. Lets say theres to deal. Usually youve secured and procured lawyers, bankers theyre all going to make money at the end of it. If the deal doesnt get through because theres a breakup fee type of notion. What are the potential humps along the way . The biggest is going to come from u. S. Regulators. They want to increase competition which means they want many, many players. People familiar say that regulators may step in and completely just not let this deal go through. But interesting enough, theres a Company Called dish network. Ts the second largest sat satellite operator, if sprint requires satellite they can have them involve and they can facilitate this whole deal. They want more phone operators. So sprint decides to go with dish, that may be what theyre looking for to actually get this deal with soft bank and tmobile off the ground. Well have a look at the growing ambitions. Those are the stories making headlines around the world. Two explosions caused by fragmentation grenade. Hey dont know who threw them. They accused protestors to force the army to intervene. One person has been killed and 67 injured over the past three days. Italys controversial form of premise berlusconi is making a comeback. He has struck a deal with the Democratic Party to push for political change. The d he will simplify system. A total ban on fires has been imposed as firefighters tackled more than 97 blazes. The threat has shifted from South Australia up to melbourne swelting in 40degree plus heat with four Straight Days of it last week. Right now as we head into break, coming up next, chinas new home sales. Probably exceeding 1 trillion last year. Well get an analysis from a property consultant. And we have the markets in shanghai kicking off their trading week and the trading numbers right after this break. Stocks on the way down across asia. Their expectations will continue to slow down in china. The biggest tumble in year, nintendo with a surprising loss in its forecast. And also there are are question about its strategy. Australias big banks, dividends are expected to follow. Hong kong underway. Shanghai starting its trading. Asian pacific stocks didnt get much direction from new york did they . Were headed down essentially. Were waiting to add china which is likely to send the market on its course forer the rest of the day, i can tell you right now. Stocks are declining across the asia pacific following. That lower close following on wall street. Thats filtering through to asia. The key data will be the chinese Fourth Quarter g. D. P. Number coming up at the top of the hour and industrial output as well. Making a check of the markets look like taiwan the only one posting a modern advance today. Moving lower as hong kong and shanghai get underway here are the opening indications. Were seeing hadnt 4 of 1 to start the monday sessioning. The shanghai composite is down by a quarter of 1 . Lets call to your attention one of the key movers. You see at the bottom of your screen, glorious property is starting this trading day down 25 . Huge drop for that stock. Hey objected a privatization plan the biggest since october 2009. Investors rejecting the billionaires offer with as much as 4. 5 billion. You want to watch that stock. Look at that sharp dropoff as the session gets underway. Glorious property group. Well check in on the other property shares were following today. We have home prices in chinas p tier cities, beijing and shanghai. As for some of the chinese and local players today, they started the day higher. Ut look at hang lung, down. 41 . The Hong Kong Developers higher. Chinese lowers. Looks like we switched that order around. Thank you very much, indeed. Those are the figures we did have over the weekend. Youre watching hong kongs Second Chance fashion retail. Its called milan station the company here. They have an important announcement. What do they say, david . A possible acquisition by a third party here. The discussions are ongoing but no formal or legally binding contract has been signed just yet. Back in november, the Controlling Shareholder was in talks to sell some of its shares because if it does go through may trigger a mandatory buyout from the buyer of the share. This is a company which has run into a lot of challenges. Back in december they warned of this significant net loss. You have a drop in demand of hang bags. I could hang one. Buy people buying them abroad. But yeah, the stocks dropped over 40 from the debut back in 2010. It was the most oversubscribed idea in hong kong. A couple of hundreds. 30 over two years. So well see. Yeah. Thank you. David. We have one company host of other corporates out there which have been making headlines as well. We have more disciplinary action in a far reaching inquiry forces hsbc and city bank have taken action against former traders. 17 have been fired or suspended or put on leave since bloomberg first reported allegations of manipulation. The triple 7 hit a seawall as it came to land last july. The air speed warning was inadequate and that the pilots were poorly trained. There are 327 people, two girls from china were killed. Japans partnership with a. A unraveled last year. They want to Start Service in 2016. Tony fernandez says the operation will avoid tokyos airport for cost reasons. That was your top company news this hour. The latest numbers out of anna out in just out in half hour. The situation is expected to continue. As chinas tallest skyscraper goes up in shanghai, forecast for the pace of Economic Growth here are for the most part coming down as authorities tighten reform and tighten liquidity to reduce financial risk feeling the weight of increased debt and regulation. Some commicks expect them to lower their target from 7 to 7. 5 . And central authorities revive the marching orders for local leaders. They do empsizz g. D. P. Growth by setting a lower growth target local ld be easier for government officials, right . In many counties they abolish the g. D. P. So you know, to control those issues, its very positive. But the problem is if the Central Government still says you should do this but still i dont know how theyre going to do that. Theres much uncertainty over other ambition reforms as well from environmental cleanup to cleaning up fraud. A major theme in 2014 is going the be listing of the moratorium on initial public