Seems to be reducing. But there are also concerns about the wider us economy — that led to a wider sell—off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a sell—off early last month. The action comes ahead of us government's augustjobs report, which traders will be watching closely, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. Nippon steel is seeking to acquire us steel so that the purchase goes ahead for senior management as well as a majority of board members will be us citizens. In a statement the japanese company said us steel sport include three independent directors who are us since. It comes after kamala harris eco joe biden�*s concern over us steel becoming foreign—owned. A former age to the governor of new york is pleading not guilty to charges of acting as a chinese agent. Us prosecutors allege they followed orders from china to advance china's interests in exchange she and her husband are accused of receiving financial and other benefits. In other news — china has announced a probe of canadian canola imports — escalating a trade fight between the two countries. The move could lead to tariffs on a key canadian export. It comes a week after canada said it would impose new border taxes on chinese—made electric vehicles, steel and aluminium. India's prime minister narendra modi is wrapping up a visit to brunei today, and will come to singapore next. The bbc�*s archana shukla reports on why pm modi's visit to southeast asia is significant. Trade and technology partnerships will be key conversations in prime minister modi's visit. Modi will be meeting the new political leadership in singapore, pushing further on the free trade agreement the two nations have. Singapore is india's largest trading partner in the asean region and in fact, the largest source of foreign direct investment, accounting for 24% of all fdi coming into india in the last few years. Partnerships in digitisation and semiconductors are expected to be signed, and modi will meet and woo lead investors and industrialists in singapore. Now the current bilateral visit is seen as strategic for india's act east policy. India is looking to play a bigger role through trade ties in the region where china has a major influence. Modi's visit to brunei in this trip, where he is seeking gas and space cooperation, is also seen significant in that light. Remember, brunei's positioned in the centre of the indo—pacific circle, literally at the heart of southeast asia on key maritime trade routes, and it can become a critical partner for connectivity projects in the region. India's engagement with southeast asia has been stepped up in modi's third term, too. Hejust hosted vietnam and malaysian prime ministers, and the country's outreach to its maritime neighbours has also been on the rise. Cathay pacific says it has found faulty rolls royce engine parts in 15 of its 48 a350 aircraft. The carrier has now completed an inspection, following an engine component failure. Cathay expects its fleet to be back online by saturday once replacements are completed. Singapore airlines is investigating its fleet but not grounding any plans. Stefano baronci from the airports council international says safety is always a concern but that in general, air travel this year is shaping up to exceed 2023. The safety and security for the passengers are top priorities, so the measures we have taken lately by cathay pacific and other airlines is the ones that have been deemed necessary to take. In terms of results from those sites, and organizations been clear in identifying these as a possible risk, but has also been clear to see that no specific measures to be taken to limit the freedom of movement of people. Airports will continue to be vigilant, and they would announce this summer security measures for passengers. January is a big market for asia when it comes to travel, they have problems at the moment, despite that the travel industry is doing well as you said, so when will it recover? china recovered the domestic level. It will recover, it is gone behind, beyond 2019 levels and as well as traffic is concerned, there's a 20% gap it's a lesser recover but we are optimistic this will come soon. Staying with the travel industry, online travel agent, china's trip. Com saw a jump in second quarter profit as the industry recovers. But as ceo jane sun tells us, there are still roadblocks for chinese travellers. When we look at the demand—side and supply—side it shows two different scenarios. 0n the demand—side we track our search volume on our sites and did has already far exceeded 2019 levels. However on the supply—side we still have two major bottlenecks. First one is the visa restrictions are still taking too long for people to get their visa approved. Particularly to europe and the united states. And then also the direct flight from china to the direct flight from china to the rest of the world, it is still on the way to being recovered. Howeverfor still on the way to being recovered. However for trip. Com we are recovered fully to 100% of 2019 and for some holidays we already exceeded 2019 by 28%. It holidays we already exceeded 2019 by 2896— 2019 by 2896. It seems like eole 2019 by 2896. It seems like peeple are _ 2019 by 2896. It seems like people are travelling people are travelling increasingly more and more which we touched on. I want to get your thoughts on tourism which has become an issue in countries like spain and japan which you are reporting as well this week? we which you are reporting as well this week?— which you are reporting as well this week? ~ ,. ,. , this week? we should extend our network to _ this week? we should extend our network to longterm _ this week? we should extend our network to longterm products, i network to long—term products, so we are working very hard with different travel bureaus and destinations to make sure that when we fly people to the traffic hubs, we will bring people to the longtail travel destinations. For example in italy, rome and florence are very crowded. If you take people to siena and other areas it is less crowded and beautiful and full of history. We need to do more to promote these longtail travel destinations to the world. 0moda and jaecoo are among the fastest growing automotive brands in the world for chinese automaker, chery, which is also making a big push into europe. But could the eu's decision to impose tariffs on china ev imports, derail its plans? chery�*s uk chief told theo leggett that plants in europe could be the answer. This is something we are committed to do. For the uk we are evaluating. We are open for all of the options. For all of the opportunities. It is a matter of time if everything is ready, we will do it. It's just a matter of time, yes. You say you are evaluating a lot of options. Does that mean the most attractive offer from whatever government will secure reduction in that country? it is more like a combined factor, as you know for such a big project of investment. It's notjust a common policy or incentives, it's also you need to look at the market more than itself and the education because we need good technical people and engineers and factory workers. Also others like the supply chain, logistics. It's a matter of combined factors. When you look at the european market its a very crowded market. The established manufacturers and a lot of brands coming in from china, yourselves included. What makes you think that you can succeed and gain a stake in the market? i think as you know, we are the biggest car exporter among all the chinese brands. We are doing the international market for over 20 years. We have gained a lot of experience. A single one of the most, one of our biggest advantage is we want to make full use of our people, our team and also we want to be localised and we want to treat our partners as the real partner. For example in the uk, we use traditional dealerships so we have developed over 60 dealers now. To recap our cop stories as your markets are plunging after a sell—off on wall street. Take heavy industries are seeing the biggest losses with the mckay down 4%. Will have more business news for you tomorrow. In the meantime, have a great day. Hey, i'm lola with the catchup. Tonight, russia attacks ukraine. Six months since jack 0'sullivan disappeared. And in other news, brat summer is officially over. At least 16 people have died and several are injured after a migrant boat capsized in the english channel. A large operation is under way for two missing people. 50 have been rescued and need medical treatment. Some other stories now, at least 51 people have been killed in a russian missile attack on the ukrainian city of poltava. Hundreds are injured with concerns people are trapped under the rubble. The missiles hit a military centre and a hospital. Five children have been arrested on suspicion of murder following the death of an 80—year—old in leicestershire. Bbc�*s sam harrison is at the scene. 80—year—old bhim koli has died after being fatally attacked here at franklin park in braunstone town. Leicestershire police say that five arrests have been made. Five teenagers are being held in custody. They're appealing for anyone with any information about the event to come forward. And the mother of missing uni student jack 0'sullivan says she's received ransom messages. The 23—year—old vanished six months ago on a night out in bristol. Jack's parents have lodged a formal complaint against avon and somerset police, who say they remain committed to finding jack. Time now for 10 seconds, and it is the end of an era. Charli xcx says goodbye forever to brat summer, but that's not stopping charli. She's about to start her north american tour with troye sivan. You're all caught up. Have a great night. Hello and welcome to sportsday from the bbc sport centre — i'm chetan pathak. Coming up on the programme: finally, taylor fritz is a grand slam semi finalist — stunning the fourth seed to reach the last four of the us open. Bazball goes multi—ball. Coach brendon mccullum will lead england's cricketers in all forms of the game from next year. And heartbreak for vout van aert at the vuelta a espana — as the green jersey holder is forced to abandon the race.