Countrys 1st female Prime Minister the early could at chiller in a runoff election. Im headed home for a black you could join me we start in hong kong where record numbers of people are voting in municipal elections the vote is seen as both a test of carried out as pro beijing government and as a referendum on the prodemocracy movement that has rocks the city for months now. On conus are used to queuing for restaurants conventions but not for an election especially not on a sunday morning and even before the polling stations open. Moments after the queues started to form came a familiar face prodemocracy leader aung he himself. Spot from running district house or your action is that you action in more coverage based on more district constitution issue is that of overall hong kong political system reform but i still urge people both in action to show i want this called head to beijing. Many voters see these local elections as a referendum on whether the public still supports to protests
Undoing of progress towards a u. S. China trade deal beijing has responded furiously to a u. S. Vote calling for democracy in hong kong. Government said it would do whatever was needed to safeguard its rule over the territory this after the senate in washington unanimously passed legislation aimed at protecting human rights in hong kong and threatening to revoke the territories special trade privileges with the United States in the event of noncompliance on kong shares ended wednesday morning in the red. 7 tenths of a percent. Well. Hang in taipei so the turmoil in hong kong has already tipped did interest session are there any estimates to what a protracted unrest is likely to do to hong kongs economy. Well just as you mentioned the u. S. Senate just passed the legislation to protect human rights in Hong Kong Well if the bill is finally passed then it would lead to Hong Kong Special through state has been revoked in which case u. S. Would start of you hong kong more in line with Mainl
Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not handled, deadly the legislative exercise and its aftermath
Bundesliga gladbach faced off against your own berlin the berliners have a reputation as being giants there is but could they take down the tabletop. I mean is of welcome to the program we start in hong kong where people are casting their ballots in municipal elections the vote is seen as a test of kerry lambs probation government and a referendum on the prodemocracy movement that has rocked the city for months authorities in hong kong have threatened to call off the elections if islands breaks out. Campaigners hope the election can send a peaceful signal about the direction of the city. Chris chan is back out on the street the prodemocracy campaigner hopes he can persuade people to give him their protest vote. After a massive moment i think an election can reflect Public Opinion to some extent another point is its time for us to calm down and tell the government in a civilized way what we want to do. Hong kong has been rocked by almost 6 months of unrest some of it violent protesters
Sliding Global Demand is increasingly hurting the mainland economy. Kathleen thousands join hong kongs biggest demonstration in months. The protests may drag on into the new year. Lets get straight to the market action. What are you watching . Sophie this monday, stocks in tokyo are gaining ground. The nikkei to 25 adding 0. 7 pipe 0. 7 . 225 economy the nikkei adding 0. 7 . The economy grew. Jesper sees a payoff in 2020 with likely massive boom in productivity. Checking on the yen, holding at about mid108 levels. We are seeing the kospi gain ground, up 0. 4 . The korean won is also looking stronger. We are seeing gains for the asx 200. There was a surprise resignation. We are seeing futures marginally lower this morning early in the asian session. A quick check on bonds. Keeping a close eye on 10 year jgbs to reach that 0 level for the first time this march. We are seeing dwindling demand on the short end as expectations fall for more boj stimulus in light of shinzo abes spending pack