We look at the dollar index. September 4, the last time this high for the dollar index, which brings us to the point. Nothing is really happening across the equity markets. We are seeing more more action than we are used to seeing. And we will get details on this trading. With the exception of malaysia equity index futures. This is what the markets, they were flat. And put everything together, were not doing much. Now, here, dollar index, big spike, 8254. Earliest. Jackson hole and the key was jobs. And on the on the other hand, and d. O. J. E. C. B. And a lot of money going into the u. S. Dollar and pushing down. Where are we now . Lowest level or weakest level since january going all the way back there. And tried to make it clear. One point this morning, 10450. And pairing back some of those gains. 10417. Euro, we are seeing a lot of moves. Trading 132. 132 for the first time and let me get you that exact figure. First time in 12 months and Inflation Expectations are down. And and stimulus, how credible it is. Given how the bond markets and dealing with the recordlow levels. And seven straight weeks. We see declines this week within eight straight weeks of decline. 155 right now for a pound of sterling. Not quite picking up as expected. Thats what is happening so far. Breaking news. Chicago mercantile exchange, technical issues. Having a look at this developing story . Halted. Only malaysia is exempt. And trading on sunday evening. And from corn to gold to silver and platinum. Look at the price of silver. And clearly a big impact. Why the reason is, because the technical issues. The contacts contracted have been halted on the platform of c. M. E. And across the industry and futures market and suspended the beginning of trading in all markets and i mentioned before corn. And equity, derivatives, all affected by this. It is a breaking story as the news passes my eyes. The exchange have 80 of market turn over did take part of this trial. Nd launching in october. And looking to raise 16 billion a denial of service, detected an attempt to overload the system with artificially high traffic. Playstation users couldnt log on to what appeared to be a hack attack. No personal information was compromised. Japan should consider more Foreign Workers. And we have a look at all this. And why is he talking about the need to use workers from overseas and what kind of pushback is he getting . And this is the greatest challenge that japan faces, how do you keep the economy growing and did he Fleet Inflation when the population is shrinking. And the game that he is going with is a longterm game. He is getting into the issue. The Prime Minister has embraced the issue but on a limited scale. Japan is looking at migration and Foreign Workers on a partial level to increase the activity of women and the elderly in the workforce. What more does the japanese government have to say about this . Well, its something that he has spoken on before. Its part of the broader economic plan. You got to remember that japans Unemployment Rate is below 4 . The labor market is as tight as it has been since 1992. The main thrust is to increase the management positions of women in the workforce rather than opening the doors to oversees workers. The whole women issue is part of our economics. What about the immigrant issues, is that playing any role here . Its still quite limited and has come up every now and then in the ruling party. Its being discussed but japan still has this consciousness of a and not opening its doors wide and taking small steps but the dilemma is how you did he Fleet Inflation. A step that is moving closer and closer towards. Thank you. What has been happening in south korea. D discussing action over pay demands. Lets have a look. Long fierce strikes. Tell us about this. I think we were talking about this week. 2226 witnessed some kind of industrial action. There is definitely going to be some risk to the stocks. The stock is down 10 . Investors are worried. Near term, partial strike on the weekend isnt going to impact earnings. The companies have prepared for that. How much is this costing . What are you hearing . It depends. If theres further action, a strike like we saw last year, which impacted the production by about 1 billion. So if we if theres more action, then there is going to be a greater impact. The remainder of the year to see if we have furtherer action . And they served notice to the company with this partial strike and now the company is back to the bargaining table. What about the impact overall on the industry there and beyond. The brighter impact on the economy even . Two things, i think in the shortterm, the company is going to have a lot of things to work with. The workers are striking. If you look at the longterm, you know, companies have been having shipping production. Doesnt cause it to have india, United States and thailand. Today, 30 of the Global Production is in korea. Five years ago was 50 . The Company Announced it will open more plants in china and will see shifting outside. Thank you very much. Lets tell you what we have on the way. Highend products with lowend zoupts, a big challenge for Luxury Brands in china. Designed on a u. S. Model instead of spending the bucks, you can have the latest and the best brands at a fraction of the price. Is the first of its kind in asian luxury sales are falling, the passion for fashion is not. And that is their gap in the market and all down to social media. Leverage to social media. I get in touch with my friends and they are like in the scene and out and about. And people are aware. Bring a lot of customer awareness through social media. Social media is a very large part of this. Indeed. And working right now in social media. Sourcing in paris. I got back from are paris a couple of weeks ago and i wanted to bring other designers to the table because people are attracted to the normal brand names and there are talented designers in europe. Manbacked. No how much does it cost to buy, pick anything. This one. Raising money in this environment will help. Raising money. If you have a good product [inaudible] we are not worried about funding but growing the product more. Luxury sales are down, are they not . [inaudible] how do you make money . [inaudible] that chinas ng appetite for luxury with stands any economic slowdown. Web next guest runs a site setting luxury goods. And thanks for joining us. What does the company do, tell us . Japan and e in china. Luxury and fashion sales. Every day at 9 00 in the morning we have events that last only a few days and we go to our products and they are genuine and authentic. 000 00 brands in the sale of beauty, luxury and lifestyle and expending our awareness as we have customers over 1,000 cities in china. For our members, the main reason to buy is that trust into our platforms but the fact that we are launching a convenient and new products on a daily basis and as a matter of fact, we had , e launch of a luxury car luxury masser ratty. Tell me something, we are hearing a lot about the government in china cracking down on graft, cracking down on excessive spending, lavish spending, does that affect your business . Well, not at all, the luxury is changing in china. First, lets keep in mind that chinese are the number one luxury consumers. But their behaviors are changing. First of all, the pace of the the tastes of the consumer are changing from show to in the know and looking for new brands, brands that have entered the chinese markets. And especially in the fields of accessories and fashion. And secondly, its true that they are looking at becoming more aware at price gaps, when the trouble abroad and see the price gaps between china and the markets and this is pushing them to purchase more when they are traveling abroad as well as purchasing online. The online opportunity is very big. As you may already know, there 10 of chinese resale transactions that are online in china and reason for this growth is the underdevelopment of the brick and mortar reselling structure and while it continues to grow. And this is driving more and more online consumption. The key point remains with authenticity because a lot of products that are sold in china are fakes and this is one of the you have to have your checks in place to have that authenticity check. I want to have that sense how does the market differ to the one in europe. Very quickly, please. First of all, europe, the markets are direct consumer. So consumers in china, the online markets is a platformdriven market. Secondly as i mentioned before, in europe, first you had mortar nd in china it is the reverse. To convince them to make a urchasing. Reached 40 of sales through mobile and why we are expecting to reach 50 by the end of the year and the other main difference i think is the impact of social media. Chinese consumers are hyper nnected to w inch iboard and wii chat. Great talking to you. Have a great one. He is from china. Going to take a break. Election count downin knew zeal and. When on the move continues in a few minutes. What looked like easy for the Prime Minister is more unpredictable. And lets go over to paul who is rom knew zeal and. New zealand. Thats right. No fan of the Prime Minister and vice versa ever since the dramatic raid on his mansion outside and the attempt to extradite him to the ubse to face copyright charges. And now he has launched his own political party. He is not allowed to stand because he is not a citizen but a resident but has been paying its bills and campaigning for the candidates and he has formed alliance or marriage of convenience with the party. Now if he holds his seat and is come fortune. They are a very great man and he has a taste of one of their rallies. Are you ready for a revolution . Are you ready to take down the government . Are you ready . And as you see, i can assure you political rallies generally dont look like that. Well, you know, it hasnt een all smooth sailing for kim dotcom . He has been accused of hacking a rightwing blogger and he dean eyes it and damaging material on the governments internet. But havent seen to damage the government. If we look at one of the most recent polls, the governing National Party sitting at 48 . The likely coalition between the labor party and the greens is some distance off cracking that and internet is still barely above the margin of era. Kim dotco mmp. And so at least to the casual observer, we have an interesting show to watch. Thank you. Four weeks away now. Two satellites were aunched from French Guiana and unknown whether it can be rectified. Just to tell you what we have coming up next. China warning the United States falling a Close Encounter off an island. We are heading live to beijing. Hong kong and shanghai and a quick look. Three minutes to go before the session starts off. If you look at what is happening, its is a mixed bag and we are waiting for the opening numbers. Indications one quarter for hong kong. Markets should be opening right now. And ma nila and the trading is shut in the phillipines for National Heroes day. Flat earnings focused here in hong kong. We have a long list of these companies coming through later on today with their report cards and that seems to be driving trade. We will get more details from the movers. I want to show you what is happening in australia. Two things, iron ore. First the overall picture look at the prices, big, big drop. We are looking at the benchmark, n ore out of china falling 90 bucks. About 90 bucks according to the index. Nd there you go. Down, now switching gears and ooking at japan. Big one is down about 9 for today. Considering a bid to take up 40 . And right now those talks have fallen through and we have fallen back. More back to levels before news came in. More breaking news. Lectric car makers buffett shoing a warning. Since midmarch. Profits down between 12 and 22 . Down at the moment at 7 . Lets talk about another breaking story. Burger king and tim horton, they are in talks to combine, to reduce Tax Liability to moving chains. E and doughnut and more breaking news after trading, futures, c. M. E. Little under half an hour away. Vast stretch of market. The market yet to open. And benchmarks for certain stocks as well. Beijing has warned that the United States to halt surveillance flights. David has more on this. It does appear that the chinese are not happy campers over this one. U. S. Is not happy either. They are claiming this Close Encounter was 20 feet away. I will get to the details in a second. If it is just 20 feet away, it one bad maneuver away from escalating into an international incident. I will get to that in a minute. China is urging the United States to stop these reconnissance flights close to its airspace after the jet had an encounter with two planes within the island over the South China Sea last week. N antisubmarine plane and the p8 patrol aircraft conducted the flight august 19 and china sent a fighter jet to carry out at it is a routine identification. China says the fighter maintained a safe distance from the american planes and that the actions of its pilots were professional. Thats chinas side of the story. Thats not the story we are getting from the pentagon. Washington saying the fighter did a move by flying within 20 feet of this p8 Surveillance Aircraft and doing a barrel roll over it. The chinese jet flew past at a 90degree angle to show its weaponry in the belly of the aircraft. Commine dismissed these accusations as being totally groupedless. He saidshe said battle that could isk are a bigger incident if one side does something stupid if i may be so blunt. Tell me something. Put it in the context. This seems like an isolated case, but have there been other encounters . There have been other reported encounters on the rise over the South China Sea since about march and we have had the escalation earlier last year in the East China Sea between naval vessels of japan and china as well. China, lets face it, it is asserting its claims to the energy and fishrich waters in east and South China Seas and this incident comes 13 years after the most serious encounter when the fighter collided and clipped and forced the american plane to make an Emergency Landing and that turned spoo a dim plow matic incident. It is a strategic base for the army and home to a Submarine Base and Chinese Oil Companies have directed those Oil Platforms much to the anching gngst to vietnam. And these encounters dont make things easier. Thanks, steve. Hong kong prodemocracy protestors have called on police to use force. And whats this all about . Bring it on . Occupied central has been central. This is a group that is threatening to occupy the Business District in hong kong if they dont get their way. This week. , the Standing Committee of the Chinese Government is going to announce the conditions for the 2017 election for the chief executive of hong kong when they sufferage and al does president jive with the forces, which is one manone vote. The Chinese Government is saying you can have your vote. Selection of whatever they choose at the end of the day. It does seem that a lot of people run scared. Should those fears be justified in any way . It remains to be seen. We have seen pretty large predemocracy demonstrations and the tension here, you are living here as well, is definitely on the rise. But occupy central on a certainly level is not no. They keep on threatening. And been very effective. And keeping the debate in the forefront. Protests, people are suspicious about maintaining the status quo. There are a lot of probeijing people here and there was a lot of people bused in and their lunch paid in. Well, it remains to be seen and what the decision is and how far the Chinese Government is willing to go. And if we dont get one manone age. With universal suffer thats very much indeed. Lets turn to the corporate stories. Reviews and hopes it will get its sights back to full production. Refused any of the time shift over the weekend. Management plans to review its pay proposals in meetings, the weekend strike is thought to have cut revenue by 69 million. Now ibm is tying up with chinese rival which will use ibm software and chips after the Chinese Company tried to lure away customers and satisfying allegations between washington and beijing. The deal could help turn around ales in china. And recovers rovers and ensure its debt against a default fell. Biggest prolvet jump since 2010. Sales of its unit in china, helping to offset a slump in india. And those are the headlines in this hour. We are up next, looking after the little guy. We find out how the Business Council islanding a helping hand to small and mediumsized companies. Steel, can, blue scopes the big full of that 12 down to estimates. Losses did narrow. Of 1 . Go 1 10 10s have a hang seng 4 of one . The large multinational corporations may have the muscle, yet its the smaller businesses that are driving opportunity in Southeast Asian this is the main talking point for the Business Council. What is on the agenda . First of all . It was started back in 1967 from five member countries. Half a century later, it has ubled to 10 and worth 2. 4 trillion and it is now entering a new phase buildings on new Economic Community for next year. He goal is toville small and mediumenprice which account for all enterprises and employ 97 of the domestic workforce in indonesia, thailand and vietnam. Makes up half Busin