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human rights in Hong Kong Well if the bill is finally passed then it would lead to Hong Kong Special through state has been revoked in which case u. S. Would start of you hong kong more in line with Mainl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
Not a clear threat from the u. S. President after National Correspondent susan is in frankfurt lets talk about this. How much of a negative impact do statements like this the one weve just heard actually have on the financial markets. Well there still is a Short Term Impact of the markets but the markets also have sort of got used to this kind of rhetoric and i also have to say there seems to be a bit of a pattern also that the Trump Administration doesnt always live up to the harsh president of. To the house rhetoric of the president remember last week decision in the United States was jew on import tariffs on cars the white house had a deadline within which it should have decided but nothing really happened whats also becoming clear is that you know with an Election Year in the United States next year and also with washington being so busy and preoccupied with impeachment inquiry against the president the administration in washington seems to be very eager not to poached too much of
In their blockbuster hong kong debut. And the tale of a latin hit we meet the brains behind the worlds second biggest Music Channel on youtube and well be getting the inside track on the business trying to add a little more spice to all our lives. The boss of spice n tice meal kits will be with us. And could you cut back on your emails . Climate campaigners say we should think before we thank to cut back on unnecessary messages and energy use. What do you think . Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. Now, it may not be december yet, but the Christmas Shopping season is already in full swing and black friday is just days away. However the season of santa doesnt just bring presents, it also brings rubbish, and lots of it. New research by ing says that across the globe 96 of us throw away Plastic Waste daily, with more than three quarters of us throwing away up to five items each day. But that figure will only get worse over the christmas season. In
Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u