:00:00. > :00:00.the government. Now on BBC News, all the latest
:00:00. > :00:20.business news live from Singapore. Street protest in Hong Kong rattle
:00:21. > :00:27.global markets from Asia to Wall Street, stocks fall. And after the
:00:28. > :00:35.primaries to India meets Fortune 500 executives in the US, we look at
:00:36. > :00:43.success of his US trip so far. Thank you for joining us. I am Rico Hizon.
:00:44. > :00:46.Investors are bracing for more volatility when the stock market
:00:47. > :00:55.reopens at it on long in a fume minutes time. `` Hong Kong. ``
:00:56. > :01:01.fewer. Protesters are defying calls to go home. We will see initial
:01:02. > :01:07.numbers soon, and wait to see if the downturn continues. On Monday, the
:01:08. > :01:14.benchmark index closed lower by 2% and the Hong Kong dollar fell to a
:01:15. > :01:22.six`month low against the US dollar. Earlier I spoke to a media come in
:01:23. > :01:32.direct about the long`term impact on the economy of Hong Kong. If the
:01:33. > :01:38.protest lasts throughout this week, then there is a resolution, it will
:01:39. > :01:46.be temporary. People are working, some retell shops are suffering. If
:01:47. > :01:54.this lasts four a week or ten days, the damage will be content. ``
:01:55. > :01:56.retail. This is all about sustainability and the growing
:01:57. > :02:04.crowds in the central business shirt. Protests like this have had a
:02:05. > :02:12.major impact on the tourism, such as in Bangkok. A lot of the tourists in
:02:13. > :02:18.Hong Kong from mainland China. `` district. This week was the
:02:19. > :02:23.holidays, that has been disrupted. There are some operators that will
:02:24. > :02:28.not be too happy right now. But the broader test use, will middle`class
:02:29. > :02:33.people who have come out in force, will they come out tomorrow and the
:02:34. > :02:40.public holiday? Will they support the students and the activist, or
:02:41. > :02:47.will it remain a 1`dimensional show of force? Apart from the issue of
:02:48. > :02:53.democracy, there is a lot of unhappiness in Hong Kong over high
:02:54. > :03:02.housing prices. There is also a growing income gap, and an influx of
:03:03. > :03:06.mainland visitors. These are both seen as different aspects of one
:03:07. > :03:09.country, two systems, not working out for a lot of people of Hong
:03:10. > :03:17.Kong. That is fuelling a lot of the unrest. The issue of mainland
:03:18. > :03:27.visitors, people feel they are being Democrat lead overwhelmed. `` to
:03:28. > :03:31.critically. There is investment nudges from the mainland, but all
:03:32. > :03:42.over the place. It is squeezing out the middle class. China's bank
:03:43. > :03:51.regulator has reportedly approved the launch of two privately owned
:03:52. > :03:55.commercial banks, in an attempt to increase competition in the state
:03:56. > :04:06.dominated ranking industry. One of those to benefit is an affiliate of
:04:07. > :04:19.Ali Baba, which has a licence to open a bank in the east. High end
:04:20. > :04:25.what company Ta Heaur has lowered its profit outlook. Hong Kong
:04:26. > :04:33.represents about 2% of the luxury watch sales for the coming. Italian
:04:34. > :04:39.authorities are investigating executives, stemming from the ten
:04:40. > :04:45.year they were bathed in a suburb. It is not the first time authorities
:04:46. > :04:50.have targeted high profile brands, last year. She and got one came on
:04:51. > :05:01.this could be as well. `` Luxembourg. `` i. The leaders of the
:05:02. > :05:05.two largest democracies in the world are having dinner together before me
:05:06. > :05:19.doing in the oval office. Primers on the red a deep will meet Barack
:05:20. > :05:24.Obama. `` PM Virendra Modi. The response has been more than
:05:25. > :05:33.excellent, and I think there will be a lot of results coming from
:05:34. > :05:38.investment into India. PM Modi, before he left India, made an
:05:39. > :05:43.announcement to create more jobs in his country. He has won the support
:05:44. > :05:48.of some US businessmen but others are questioning Mr Modi's reformist
:05:49. > :05:54.credentials, particularly on the issue of global trade. They are
:05:55. > :06:00.saying India is playing hardball that is one aspect of it. But the
:06:01. > :06:10.country is making a lot of changes. The speed of action is greater than
:06:11. > :06:15.before. 27 processors have been brought down to four or five. On the
:06:16. > :06:23.bigger projects he has taken personal control and brought in the
:06:24. > :06:26.right people to push his agenda through where investment is
:06:27. > :06:35.concerned. A lot of US businesses are complaining about India's unfair
:06:36. > :06:41.trade axis, particularly raising tariffs and imposing new testing
:06:42. > :06:49.requirements on medication rucks. `` to medication products. He is
:06:50. > :06:53.tackling big problem, he is new in the office. He has a ready visited
:06:54. > :07:03.Japan and China. This has had a significant impact on the US as.
:07:04. > :07:08.There is good strategic direction by him visiting in America. This is the
:07:09. > :07:14.first time an Indian leader has had overwhelming support, and President
:07:15. > :07:21.of bomber cannot ignore this. `` of bomber. And there has going to be
:07:22. > :07:26.some change on is a travel between the two countries? None yes he has
:07:27. > :07:33.said he will try and make it easier. But new data from Japan reveals
:07:34. > :07:40.household lending is falling in Japan. It represents a drop for a
:07:41. > :07:53.fifth straight month since the sales tax rose in April. South Korea's
:07:54. > :08:06.industrial output is down 3.8% in August, the worst monthly fall since
:08:07. > :08:13.the 2008 global financial crisis. Thailand is due to reveal key
:08:14. > :08:19.economic data that will probably confirm that industrial performers
:08:20. > :08:25.has fallen for the 17th of month in a row. It is further proof that the
:08:26. > :08:37.military gender of Thailand faces an uphill battle. `` i.
:08:38. > :08:44.The economy has continued to struggle since the Thai military
:08:45. > :08:51.took over in May. A further fall is predicted. Trouble in the carmaking
:08:52. > :08:55.industry is helping to drive the decline, it has been selling since
:08:56. > :09:02.last year following the scrapping of a state subsidy for people buying
:09:03. > :09:04.new cars. Some economists had forecast that the economy may
:09:05. > :09:08.improve under the military. But so far recovery is slower than
:09:09. > :09:15.expected. Tourism accounts for around 10% of the Thai economy, and
:09:16. > :09:22.it has taken a big hit after many months of political unrest. Across
:09:23. > :09:26.the world market, there is only one country that has not grown year on
:09:27. > :09:35.year. That is Thailand. Notwithstanding what I've just said,
:09:36. > :09:41.by Christmas Thailand will be back where it was before. Are not
:09:42. > :09:47.everyone is optimistic. Exports account for more than 60% of the GDP
:09:48. > :09:53.of Thailand, but they fell 7.4% in August, the biggest percentage drop
:09:54. > :09:58.since the floods of 2011. Last week the central bank abandoned the
:09:59. > :10:05.forecast of 3% export growth for this you, saying that it our expects
:10:06. > :10:17.no increase. A quick recap of the markets in the
:10:18. > :10:23.Asia`Pacific. Hong Kong has just reopened.
:10:24. > :10:30.Investor support remains weak with many buyers still on the sidelines.
:10:31. > :10:39.Thank you for your time.