Sydney. It is 8 00 a. M. Across emirates. This is Bloomberg Markets middle east. I am shery ahn in hong kong. We are seeing a bunch of risk diversion. A look at the gmm goal function. The japanese yen is strengthening. Up 3 10 of 1 , that is pulling down the equity markets in japan as the nikkei is below the 19,000 threshold. One market that is firmly in the positive, indonesian now at a record high. Is losingkorean won ground. Gaining 2 10 of 1 . When it comes to the sovereign debt market in asia, they are rounding the yield one eighth a basis point. Decision coming up with will be discussing that. A consensus of a hold on one and a half percent with our guest, coming up next. Big story hasher been a downgrade that south africa faced. Ast came late in the evening south africa and uae time. That really knocked around the shoulders. South africa you losing its Investment Grade and now ratingy facing another downgrade. It tells the story of what has been happening with the South African