latest attack in the red sea, one of the world s most important trade routes. the head of the un s international maritime organisation has told the bbc these attacks are one of the biggest challenges the body has ever faced. my colleague spoke to the head of the body and asked what can be done to stop the attacks. it’s done to stop the attacks. it s one of the done to stop the attacks. it s one of the biggest challenges the imo has faced, in particularly in recent years. and the reality is that as you mentioned, shipping is a global sector. we. ..we transport over 80% of global trade, so any actions that are happening out there, that interrupt the trade, the global trade, will have a negative effect on you, on me, and everyone on the planet. we need to work very closely with all the stakeholders, with all the member state, the other agencies, the united nations in particular, in order to find practical solutions in a problem we don t want to escalate. problem we don t wan
now in asia, stock markets were down across the region. japanese markets, though, took a beating today. the nikkei tumbling in the early trade and continued to slide throughout the day. it closed down more than 6%. you have to go back to the collapse of lehman s in 2008 to see losses like this in japan. as you see there, the nikkei was 6.18%. in seoul, the kospi pardon, it was up by about 0.8 of 1%. construction companies in seoul getting a lift there. that s based on the fact that there will be a lot of reconstruction needed in japan. australia down by about 4/10 and new zealand down by 2/3. in japan, the bank of japan pumping a record 15 trillion yen into the financial system in a move to build confidence in the markets. that s about $180 or so billion. and the central bank says it will addth in $3 trillion to the