Launching a missile over northern japan. As Tropical Storm harvey batters the production hub in the us, we will look at the impact on the industry. Bits tuesday, good morning, asia. Hello, world. Glad you could join us. Its. A missile flew over northern japan before catching into the sea. Landing in the sea. The japanese government says this latest Missile Launch is a threat that tokyo will respond to firmly. They call it a clear violation of un resolutions. The asian markets have opened, and for the reaction on how it will be trading, we arejoined by my colleague. Whats happening . Japan, australia and china have opened lower, japan and a four month low. Similar conditions in south korea. Not down by a huge amount. With the japanese yen, it is rising to a high against many currencies including the us dollar, because it is seen as a safe haven for investors in times of crisis. It seems that this reaction, it does seem somewhat unusual and overblown. What we saw this time around was a missile going overjapan. This happens infrequently. It has only happened twice in the past. At the time that there were previous launchers over japan, they were claimed to be satellite launches. People are waking up to alerts on television and sirens, it was quite a tense time before the all clear was given. That is part of the reason that markets would have been rattled. In the middle of august, we saw a war of words intensifying between washington and pyongyang. That was when donald trump used the words fire and furious. Pyongyang retaliated saying they would launch a missile to guam. We saw then a huge impact on the korean markets, they fell one and a half . Experts suggest that this Geopolitical Uncertainty creates volatility in the markets but has no big long term impact. This is seen as more provocative than the other Missile Launchers, we are waiting for a response from donald trump on this latest launch. Tropical storm harvey has not let up, it has left very bad flooding and it is expected to stay around the coast of the gulf of texas for the next few days. Houston is the heart of the us energy industry. Here is how oil prices are faring in early asian trading. They are both up. The markets are not responding the way they usually do, gas futures have hit a high while crude oil prices fell. I asked why. You have to think about oil as a value chain, crude oil goes in as fire and comes out as a distillate. The bottleneck is the 200 bottles capacity per day that has gone off line in texas. Capacity per day that has gone offline in texas. Gasoline prices are surging to a high of 7 , could this put more pressure on prices at the pump . This could have a knockon through other parts of the world. 0ther through other parts of the world. Other parts of the world cannot move Refined Products from one part of the country to others when they need to, they may need to look overseas. Could we see higher gasoline prices in asia because of refineries being shut down . That could last for a week . If we saw a long shot down in the texas region, prices could go up slightly. Americans will need to go to overseas refineries, namely asia, to overseas refineries, namely asia, to source those products. Is there still enough global capacity with potentially us refineries being shut down . There is definitely enough capacity, but there is not enough in the right place. You can Refined Products, but it is not in optimal places around the world. In other Business News headlines, samsung is expected to invest 7 billion over the next three years to build a new memory chip Production Facility in china. Analysts say the tech giant accounted for almost 40 of flash memory chip revenue. China is trying to produce its own, but it is likely to produce its own, but it is likely to be several years before they can compete with existing manufacturers like samsung. Infosys shares rose after the ceo returned as chairman. It was seen as a victory for the company. They waged an acrimonious battle with the board for months over alleged Corporate Governance lapses. Indonesia is facing a shortage of salt. Many would assume that all of that seawater makes it a natural producer of salt, but the government has significantly increased imports this year, including 75,000 tons from australia. Here is a look at what is causing a shortage. Indonesia uses around 4. 1 million tons of salt per year. That is primarily used in households, the rest by industries. Production is not meeting demand. There is a shortage of 2. 2 million tons. That is the weight of 550,000 sumatran elephants. The weather last year was quite extreme. That had an impact on local production. The way we produce salt is still very traditional, which makes it hard to improve our quality. It is notjust Mother Nature being blamed. Indonesias minister of Maritime Affairs is suggesting cartels may be behind it. Authorities have uncovered cases where import is brought in more they could dump mac than they than they could use, and have sold it on to companies. It is not sufficient to meet their needs. This would only be a temporary solution. 0ver needs. This would only be a temporary solution. Over the long term, the government have to regulate the industry. That could encourage more producers, allocating more land in Eastern Indonesia to increase the Land Allocation for that salt, that could increase supply. If the government deregulates the industry, are we likely to see prices coming down from current levels . In china, they have deregulated the salt industry. That would mean that the government would not be controlling the quota all the retail price of salt. It would not decide the prices of salt based on transportation costs and the quality. There is a better way of ensuring supply of salt to people. Thank you for investing your time with us. Goodbye for now. The top stories this hour. Within the last hour, japan says that north korea has fired a missile that flew over its territory before crashing into the sea. President trump pledges his full support for the state of texas as the region continues to be hit by catastrophic flooding. End the ambiguity that was the seemingly frustrated message to the uk from the eu chief negotiator Michel Barnier as he sat down for a third round of talks on brexit. He expressed concern about progress made so far and warned that uk ambiguity must be removed and progress on separation issues made. For his part, brexit secretary david davis said both sides had to show flexibility and imagination. From brussels, damien grammaticas reports. Gliding into eu headquarters, david davis. The summer is almost over. Now brexit gets serious. Dont be fooled by the smiles between the chief negotiators. Serious tensions are brewing. We are concerned. Time passes quickly. From the eus Michel Barnier, evident frustration that talks are moving too slowly. We must start negotiating seriously. We need uk papers that are clear to have constructive negotiations. And it is money that he means. The uks brexit bill. From david davis, a response. We want to lock in the points where we agree and unpick where we disagree and make further progress on the whole range of issues. But in order to do that, we require flexibility and imagination on both sides. David davis and his team are stung by accusations they were ill prepared last time and spent the summer creating papers, but the eu has dismissed them, saying they lacked detail and are not on what we need to talk about. Magical thinking, they called them. They say it is aspirational, nothing to do with what is talked about. David davis wants to get on with discussing the future relationship with the eu, the rules for trade, and what laws would apply. The eu for now will only address separation issues and the rights of citizens after brexit, the irish border, and the immigrant issue. Today, Angela Merkel was meeting a macron in paris. They were in lockstep. They said the uk has the pay its dues before trade talks can begin. And another complication for david davis, the shifting politics back home. Labour is now backing continued mentorship of the Single Market and Customs Union for a transition, a contrast to the position of the government. David grammaticus, bbc news, brussels. Hello. This is sport today, live from the bbc sport centre. Coming up on this Programme World number seven, yohanna konta, out in the first round of the us 0pen losing to serbias aleksandra krunic. In the mens draw, Jo Wilfried Tsonga produces 38 winners as he sees off romanias marius copil. And barcelona show off their new signing, 0usmane demebele, who becomes the second most expensive footballer in history. Hello, and welcome to the programme. We start with the news that world number seven, yohanna konta, has been knocked out of the us open in the first round. The briton who was also seeded seventh had high hopes in the years final grand slam in new york, having made the semi finals at wimbledon just last month but 24 year old serbian, aleksandra krunic, had other ideas. Konta took the opening set but struggled in the next two as krunic, ranked 78th in the world, made itjust a second ever win