Lows of 8 10 of 1 down in hong kong. Picture insome mixed the economic front with the Industrial Production rate rebounding. Retail sales continue to fall, local reports youre talking about the strategies and plans coming out of the csrc chairman. Is expected to be promoting stability over reform. Shelving theks of ipo process. We could be seeing some changes there, coming out of the new chairman. A stronger yen. Little bit ofa paring off on those gains from the equity side. The emerging market debate as we continue to talk about this, we continue to see a case that the headwinds are better than expected, better than usual. Cheap, it has only been cheaper than these recent levels of six times. We are seeing a 28 discount. It is budget day in india. I want to talk about the india rupee. The dollar is strong trend against the rupee. We are approaching a low on the india rupee. 68 was the low in august. We could see continuing weakness. Rish . Rishaad the finance ministers it didg up the