That higher. New zealand is closed for labor day. One of the best performers of the day from australia. And we see the bank of japan meeting. Forecastedl indeed, up in april. Dont forget the Federal Reserve and could it be the end as planned . Tumbling at the open today, the hong kong moving the most in six months on the news then there is still no date for the link to shanghai. Some think the occupy protests may be to blame. Yvonne joins us now. Good morning, rish. A pretty big blow releasing the statement yesterday saying no start eight or timeline yet on when the shanghaihong kong connect will be open no start date. Some are saying that this could be signaling china showing just how displeased they are that the Hong Kong Government could not put an end to these protests now entering into the fifth week. This will give them never before access to chinas 4 trillion stock market which has been very tightly restricted in the past. It gives mainland investors a chance to buy stocks listed in hong kong. They are adding more pressure on the government to restore order and bring the city back to normal again. Isthis on top of what else going on has to be a concern for investors, hasnt it . Youre talking about six months of preparation and shares have fallen for the fifth day already. The shanghai composite posting the biggest weekly loss in four months partly because of these concerns over the launch. Estimated 250 thousand dollars that has been spent in preparation for this launch. When you talk about hiring more people as well as upgrading software, we are seeing an impact as we head into the fifth week of occupy protests. Thank you, yvonne, on the Hong Kong Exchange. Weve been discussing the possible regions reasons he high delay. One analyst says theres a lot of challenges to overcome. The problem is its a very complex. You have Foreign Exchange issues, crossborder tax issues, an awful lot of participants, hundreds, and the problem is linking it up with the computer could be very difficult. Then maybe the train never arrives in hong kong. Jim mentioned, being cited as a possible cause for the delay as the protest in hong kong enter its fifth week area what happens next on the street all depends on how the authorities react. The depends how the government will handle this and that includes the Chinese Government in beijing. This government this movement would not have been as successful without the decision made by the peoples congress. They going to be about the decision . Have gone much further than they should have according to their own interpretation. The new Peoples Party chairwoman says that in order to move forward the students need to take part in further talks. If they want democracy, they really need to return to rational discussions of the details. Beijings decision actually allows room for democratization within the framework. Betweenstributed beijing, hong kong chief executives, and People Like Us play a big role but we cannot get our work underway until this is out of the way. That is the word from asia this monday morning. 25 banks failing the latest rest test in europe. Pretty much all passing. Andhese are tougher tests , they owe abank chunk of the 25 billion. Your quite right. No french, german or Spanish Banks fail the test and that is very encouraging indeed. The imf saying great transparency. Open as weose at the will gain in some parts. At two reports, the easy be tested 130 banks. The European Banking Authority tested 130 banks and 24 failed. And looks like it is the lower end of forecast. Most of those have been raised. You mention astringency here as well. We have further tests coming up for the bank of england as well. Past, europe has been criticized for not being stringent enough. A 5 they cap it at contraction . Falling house prices, rising unemployment, etc. The bank of england test is even tougher than that. When the test comes out, that will be crucial. Market reaction . Itthe euro, as you can see, has been gradually gaining paster the course of the day up 0. 25 . Preamble tood as a the gains. Hsbc is seeing it slightly better, unchanged in fact. No gains there as well. Also looking at the overall picture for banks, before close we had japanese banks seeing now the composite dragging down, financials looking at the banks overall. They are seeing gains in some parts. Do follow the banks and your about the open. Getting more of the stress tests. Go to our website, bloomberg. Com. Dataan catch all of the and catch up with some of the interviews it may have missed on bloomberg. Com. Some other stories were following, and academic member expecting chinas economic to 7. 2 thisw quarter down from the past three months as domestic a mans weakens. The Research Institute predicts next year will cool unless the government steps in for stronger than did stimulus. It is pegged to increasing development. Vietnam plans to set up a working group to turn around for sales. Selling off 432 Government Owned Companies but interest in the ipo has been poor with only 71 selling shares short of the target of 200. Latest plan to shake up the moneylosing business, we are hearing they are selling off u. S. Operations. The nneka a newspaper says they may agree on a deal by the end of the year. Wheny find out more panasonic reports this week. Apple ceo tim cook continues his trip to china with reports hes heading to seattle to bob up. Earlier he met with the Vice President and also visited supplier foxconn. This as demand for the new iphone is off the charts in china. Taipei, 10,rom lets start with foxconn. This is a Taiwanese Company you have been following for years. The thing with tim cook and foxconn as they have had a very long and close relationship well before tim cook was ceo. He was head of supply chain while steve jobs was running the company. The relationship there goes back a long way. One thing that we do know is since tim cook did take over, he started going to china more and more as the ceo. Not doobs really did that. As ceo of the company, its a bit more high profile a trip for him. He did go and visit foxconn last year. It is an important supplier and they do make some stuff in brazil. All know, china is a large market. They are a Large Supplier for them and the largest market. Its a very important thing for tim cook to be there. And to keep in touch with the supply chain, his specialty for many years at apple. How does alibaba play into this . Evidently he will be meeting up with jack ma today. What is this all about . From the aspect of meeting the Retail Outlet for their products, jack ma is an obvious conversation you want to have. The importance is global. The team running is the largest commerce site in china. They have a lot of webpages set hasn the u. S. Car company their own brand and size. But kind of conversation is an obvious one. If you want to sell more phones in china, you want to talk to jack mob. Jack ma. To you. S good to talk looking ahead on the show,jokowi proves he is a cabinet maker. We take a look at the team he picked to run southeast asias biggest economy. The luxurious world of private planes. An exclusive interview with vista jets thomas flohr. Private Plane Company vista jet says they are having what they are calling an exceptional 20 port teen seeing a to . 25 increase. Is with us. He says they see more and more planes coming into the fleet. But we have a fraction in ownership. We have chartered planes and downright ownership. How is yours different than flying on private aircraft . We do something different. We own all of our planes. They are identical in we offer guaranteed availability without the burden of asset ownership. You have the risk of the asset. Then you have the asset risk. Rate,ou just pay a simply just the hour you are on. Fractional ownership, you have to buy the fractional to have the right to fly and guaranteed availability. Then you know exactly what you are paying for. 9,500 usd per hour . The defense. We have a whole fleet of sollenger 350s, 605s, depending on the price of the airplane, you have a guarantee per hour. What is your Expansion Plan for china and asia . At this point in time, we already doubled our revenue in asia from 2013. At any time we have between six and eight which is a commitment of about 45 million in the asian theater. Youre not flying there yet. You need certain licenses. They said it was going to take five years before they get profitability. In asia and hong kong since 2007. We are flying in and out every day already. What you are talking about is the right to fly within china. We are two months away from them. We have a very Loyal Customer base. Corporations are just waiting for this to happen with vista jet. And we continue to expand within the chinese market. Theres already some pushback. They are saying its going to take longer to recoup our money in china than we had expected. Are you still as optimistic . Your rivals already in there and withts tough antiextravagance and anticorruption going on. We have a completely different Business Model which makes them very comfortable because they simply sign up for an hourly rate. That ourconfident profitable Expansion Strategy within the asian market continues including china. That will happen in the next 6075 days. China is one thing. Are in its infancy when it comes to private jets. The hardest market to break into is probably the u. S. How are you doing that . You have a lot of competition. We started flying the u. S. In march in 2014. By now, we just had our third global branding in the u. S. All airplanes are busy. We get another every second month delivered into the u. S. Marketplace. The luxury element in the luxury of service we offer in the cabin has been so overwhelmingly positively received that it has not been offered in the United States yet. Like what . I had the very good fortune of being able to fly private, but what makes you different . What makes you different that , what kindte level of service are you differentiating yourself with . Lets start with the airplane itself. 1000, we only fly brandnew ones so no airplane is older than three or four years. We have a partnership with [laughter] name dropping. The beds, the wine we offer, it is an extension of the lifestyle of our clients and no one else offers exactly that. Someoneroute has expected that you never thought would actually be requested . A frequent pairing that you never thought would be . Let me think here. Tok tour mongolia mozambique. Ter, but a win fantastic place to go. Maybe in the summer. 40. In the summer it is unusual frequent pairings . You see a lot of asianafrican trade. More flights originating here going to the United States so transpacific. Founder and ceo of vista jet. Toyota getting ready to announce sales figures in about an hour. We will give you a preview next. Checking other stories making endednes, britain has combat in afghanistan. Cap bastion has been the center since 2006. Orces on british troops are expected to head home by the end of the year. Strengthwing off the of its air defenses in the campaign to win support for giving the military a broader control. Ional the government has boosted the Defense Budget to 48 billion dollars and his ranter birding the constitution to allow the military to defend allied forces under attack. Recep has won a second term in office roussef. 51. 5 at her opponent by to 48. 5 . It pitted her Workers Union party against the business friendly policies of nevez. Counting down to the open ing mumbai. Last week it was closed for the festival of lights, thdi wali. The session once does get under there. Taking a look at whats going on, overall the positive story. And shave at the moment and p 200 up by 0. 75 . A better than expected ecb stress test are the banks but hong kong being driven lower due on whenk of visibility the shanghai connector will be taking place. We look into tokyo next. Delays for shanghai and the operator of the Shanghai Exchange taking a tumble. Friend, asian stocks seeing gains after the best week since march. Wanting to defy the herd . Buying japanese stocks. This was a drop of this morning. Delaying the uncertainty about why its been delayed is because of the frustration about hong kong. But the ceo of the board does not know when its going to happen. Asis declining by as much and that is the impact of the decline. The effect this is having on the overall market. Look at this. Financial services, insurance, real estate, and banks down 3. 5 are sent. We know why. Hk exchange with the biggest decline at the moment. You can see this and its going down. Way fed, all of those in the same space. Willhance of the stock change the overall picture. Hong kong is the biggest declining index across asia today. The two of them are following because of all of those in the same area. Thats the impact of the uncertainty in the delay. Japan is coming back from its lunch break and putting in the best are performance. Better. Alia has seen industries coming out. Led higher by the u. S. Markets, what you saw on friday, a very good gain. Back up, all three showing big performances. Tok in asia, figures to look this coming week. Sales, verytail important with regards to the april sales tax rise and the big crucial rise affecting retail sales in september. Question, will it be lingering still . Casting a question on whether we will raise them again next year. Green is not the majority there. Tuesday we have retail sales tomorrow. Friday bank of japan. Dan does the fed winds up quantitative easing, what will the bank of japan do . Overall, thats the japanese story. Back over to you. Piling up against the equity markets. They are saying that it is perhaps a signal they are buying and we are moving this to the upside. When our investors making of this . Bethe see of them are and Capital Investors saying that it may be time to get into the market. The equities have reached the lows. Fears are extremely high. It may be time to get back in there. Bloomberg data seems to back that. Since 2009, shells shares have rallied following a surge in bearish bets. We have seen a lot of shortselling in tokyo. From a sixyear high in september. Now we have more of a positive outlook for Company Profits as well. One of the major reasons behind this pessimism, i can guess europe is going down of it. We have japan looking anemic at best. Global concerns like ebola, economic slowdown, all affecting economic sentiment. Surging to an eight month high on october 17 adding to jitters in the market. An analyst in tokyo saying corporate profits are expected on thee surprise upside. They are expecting the market pessimism to wane. With the latest on japan and japanese equities. Indonesias new president has named his cabinet. Up is a mixture of technocrats and old government hands. Alea head to jakarta where joins us. Some old, some new. Whats the reaction to this cabinet . It ispretty mitch pretty much mixed. He is calling up the working cabinet. There are representatives from companies as he named the finance minister. He appointed technocrats and businessmen to lead to the ministries hoping they would implement muchneeded reform and. Ome up with solutions subsidies slowing in growth and the lack of infrastructure. It comes with eight women, twice the women in former sbys cabinet. There is also the first female foreign minister. Madell he keep promises he during the campaign . He wants to work on the maritime sector. He has appointed a very figure, former director of the sao. Filled by only technocrats and nonpoliticians. This will show how serious jokowi is for the maritime fishery because of her lack of experience in the field. Thank you. Enina newhailand facing a challenge to the economy. The consequences a lower than usual rainfall. Water for agriculture is drying up. However there is a silver lining. Is there. Min how can there be any good news out of that . Been an over supply of rice in thailand. With lower rainfall, there will be a drop so that is great news. Remember that government rice buying scheme he agreed to buy rice directly from market prices. That led to the accumulation and this would be disaster us with a lower than expected rainfall. The thing is that it comes at a cost to farmers and relying on them for the livelihood. There also stagnating accounting for 8 of gdp. Growth would ease further. The impact of a much further harvest could be big, rish. Were hearing about the government wanting to turn off the tap in water supplies. What do you know about that . You are talking about the water levels in the reservoirs. They are at the lowest in 15 years. They want to conserve water so they want to turn off the tap now. It is a quit revival reversal of what happened when the floods anddated the region, the Prime Minister said he is seeking cooperation, understanding from farmers from now to the middle of next year. They will now have enough water for both consumption and agriculture. Its a very difficult situation for the country, erish. Amin for the latest on thailand and its water shortage as well. Back and forth now . Game five of the world series gone to San Francisco beating kansas city 50. Leadan Francisco Giants three games to two. They had back to kansas city in game seven if necessary. Coming up next, our guest this may weaken the local currency. Discussing all of that and more ssion afterin discu the short break. We are back with asia edge. Offa, lets start things with a look at whats driving. Youve been up the Hong Kong Exchange all morning. Weve seen quite a bit of insight from these delays. We dont even know when this launch day will happen. Hassle. Of a regulatory were holding our breath wondering when we can get active on this. You are turning a little blue right now. Perspective, this capital account liberation as a longterm move. From that perspective, i look at it from a medium to longterm view. It seems ridiculously managed. Cant they have a bit more transparency . How china is much going through its transformation. Open