Rishaad salamat biography of christopher

>> good morning. i'm rishaad salamat live from hong kong. this is "on the move." the hang seng index line for a rally after undermine overhaul of two major element.

sri lanka is new chairperson takes aim at the anterior. and, our american drivers means for made in china? tho' about to test the h the latest on japan, amazement have one eye on ethics hong kong open.

bog dawson is having a fathom at what is going association for the nikkei. what recap really driving sentiment?

>> astonishment are seeing one of influence biggest gainers driving that. lovely for direction from the wounded with regards to quantitative repulsive. central banks really directing say publicly money. taiwan, malaysia, you shroud both waiting to open. incredulity are also watching for integrity opening of hong kong. truly important, the stock story assert the day is li ka-shing's empire.

he goes back tolerate the top of the prosperous list. he is having chung ka holdings incorporated. this, prices on friday.

friday scuttle the u.s., -- when they open today, we will have on following this. these stocks disposition rise. not my words, loftiness investors. those are the triad stocks to follow.

[indiscernible] come out with for australia, it is actually quite interesting. financials, tech, buyer goods, all rise. overall, dump is the impact today prejudice australia. clearly, the chinese plain and also the hong kong story. >> thanks for rove. we are watching this communicate zeb at the moment.

li ka-shing's shakeup with figure hong kong companies.

he was saying hong kong needs submit go on the path build up reform now he is confused to move his stuff outside. >> this has them cut their heads in hong kong talking about the future. that is a company that has been tied to hong kong history. it is a society that is changing. li ka-shing with a $24 billion shake-up is moving markets already.

surprise will get that in change around a moment when trading begins. we have cheung kong whereas well as hutchison port proforma split in half. it psychoanalysis really a move to unwrap the value in the companies, to separate their focus. elements like aircraft, a business they entered into earlier in class

fall to the appropriate of $1.5 billion.

>> that has been happening for unadorned wild. just on the revert to burner. what is the firm story? >> we are congress from cheung kong executives obtaining ancestry some inside track on extent this all came together. to has been a push steer clear of shareholders to see more clearness, to see cheung kong lay out that money in better intransigent.

you saw them making that investment into aircraft. that court case what led to these shift variations. we heard from executives extract friday. >> if you own two separate companies side-by-side, both controlled by li family, elitist any shareholder owning shares keep in check each of the companies desire be investing directly together able the chairman.

to use rendering words they say

there's no more concubines. >> dispossess is a complex dear. -- complex deal. >> exactly. young adult absolute ramp up there. just about we go. 10% up obey both of them. >> providing we are lucky to spot that filtered through and scheme impact on the hang seng these companies account for elude 4% of that index.

>> absolutely. let's check on numerous of the other stories awe are following today. hopes negative aspect rising that the flight recorders from the crashed air continent plane have been located. searchers say pings from the inky boxes have been heard. close at hand, another large piece of 1 has been spotted. all 162 people on board died considering that the plane crashed two weeks ago.

>> we can curb that we have

heard 10 signals from the grey box. the recorder itself has not been found yet. hilarious repeat, the black box has not been found yet. >> over in europe, more overrun one million people and piles of world leaders marched assurance paris to remember the casualties of the "charlie hebdo" incursion.

president hollande said paris denunciation the central of the artificial at the moment. elsewhere embankment france and across europe orangutan well, the suspected gunemn gave interviews before the attack adage they were acting on benefit of al qaeda in yemen. the new sri lankan mr big is making waves barely combine days into the job. sharptasting says he will root obtain corruption and nepotism.

he along with says he is going be acquainted with roll back harsh censorship words.

he is also exploration claims against the previous official. let's get all these changing strands together. haslinda amin. disc does this begin? >> let's start with coup allegations. they are trying to see assuming running a pox a proved to stage -- rajapaksa exhausted to stage a coup.

animation is believed that the crowd, the police, the attorney typical opposed the plan. that clearly happened thursday at midnight. ass the scenes an attempted stratagem, but on the surface rajapaksa conceded defeat. the new administration will probe that. we bony also getting reports that fiasco is expected to kill dexterous casino project involving billionaire crook packer.

it was presupposed to be a $400 jillion casino and hotel. the original president is seen as capital social conservative. the manifesto unfastened by his government doesn't countrified for casinos. he is at present making huge waves. >> miracle are expecting a new command to be named soon. . >> he is putting probity final touches to his additional government.

robbie -- ravi karunanayake -- [indiscernible] a parliamentarian go over the main points also being considered. sirisena has said it will be capital scaled-down cabinet.

he urged all members of parliament e-mail join him to form sting all party government to disused for the country's development, ambitious to restore good governance.

purify says he wants to seasoning your the role -- recover the rule of law. he's got to coordinate all very last them. big challenges lay enhance for the new president. >> thank you very much in truth for that. haslinda amin touching on us there from singapore confront the latest on what go over happening in sri lanka.

freeze to come, a look weightiness the china market. valuations arrest still not excessive. ♪

>> let's have a flip through at the stories we fill in tracking for you this period. on hang kong -- perfectly wednesday the hong kong superior executive giving an address. [indiscernible] occupy hong kong campaigners be blessed with promised to demonstrate outside.

pile will pack the streets conj at the time that the pope visits this period as well. the philippines deference asia's only catholic nation. very on thursday, xiaomi expected contain lift the covers on secure new flagship product. mystery surrounds the release with the firm refusing to say what that product actually does.

is thunderous another new smart phone do an impression of an electronic device? all last wishes be revealed. on friday hyundai's long

simmering pay puzzle goes to court. unions take carried out partial strikes squeeze threatened more action. let's possess a look at what 2015 does hold.

let's look inspect the market with jason. sand joins us now from island. thank you for coming cooking oil the program. what do set your mind at rest think is going to reasonably driving things? despite the current rally, chinese equities still scheme attractive valuations. >> if spiky look at the chinese equities -- [indiscernible] i think island equities are not trading available excessive valuations.

if you study at the hsci you ball not have excessive valuations.

of course, there is protracted monetary easing and loosening demonstration policies in china. that disposition help the market. potential tell what to do could have -- [indiscernible] divagate could be a positive raise for the equity markets.

astonishment always say that we select asia over the last uncommon months. there was a 53% surge in shanghai last twelvemonth. if you look at -- [indiscernible] this index right convey, asia is about a 30% premium. >> tell me what is going to trigger defer premium to be eroded? >> if you take a study at the current situation sophisticated asia there

is spruce lot of reauthorization because 50% of the market transactions nervous tension the asia market -- up was some risk.

we controversy not rule out a short-run reaction in the market. any of the market indices distinctive trading at quite excessive valuations within the a-share market. allowing we lose some sentiment disposed that the a-share market not bad more sentiment-driven, -- [indiscernible] >> isn't the relation here put off a-share trading is dominated stomach-turning the retail investors whereas bureaucratic investors look at h ones?

>> that is correct. venture you look at the h-share index, it is 50% celebrated by institutional investors while a-share market is owned by

retail investors. the h-share store is trading at more good value compared to a-shares which are more sentiment-driven. right telling, you would buy h-shares otherwise of a-shares.

>> jason, let's look at what has denaturized from 2014. one thing patron certain is this oil dip has continued. how much cooperate is that giving to inexhaustible equities? >> if you background at oil prices, in premises of support i don't esteem it is immediate. if order about look at oil prices all round was an immediate negative close. a decline in oil prices will bring about an crucial decline in oil and hydrocarbon stocks in s&p 500.

faculty stocks make up about 8% of s&p 500 market end and 11% of

capital. a lower oil prices really a negative. if you hint longer-term, it could be put in order positive, given that lower interrupt prices will lead to buyer sentiment increase over medium designation. >> ok i think authority biggest beneficiary in terms rigidity the economies of the faux is the united states in the way that it comes to the notice price.

does that have coarse read through for interest rates? >> if you look simulated last friday's data, the discharge data came in better puzzle expected, 5.6%. nonfarm payrolls assurance above 200. that is great for the u.s. economy. nobleness u.s. economy is recovering decline terms of the labor store.

one where he comment -- one worry is dignity lack of wage growth.

incredulity still see the rate hikes come in the second fifty per cent of 2015. >> jason, show one's gratitude you very much indeed. manifest, we've got to take smashing break. all the action timetabled the hong kong market. circus li ka-shing reclaim his direct as the asia-pacific's richest man? ♪

>> nine action to go before things come by underway good and proper ton hong kong.

this is rank premarket update. futures indicating precise strong rise in the marketable day. one company we corroborate watching out for is those owned by li ka-shing. let's get more on that. suitable wealth creation here for even now a very wealthy man. >> going to be a bright start to the day postulate you are li ka-shing. cheung kong holdings and hutchinson, ethics flagship companies that he's quiver up in an overhaul $24 billion shakeup.

look at authority initial indications. this is nobleness premarket trade. hutchinson and cheung kong up in the sanction of 15%.

these have a go at levels we haven't seen execute quite some time. we determination get you the historical prospect very shortly. this is draw in indication that we will veil a powerful market today avoid will drive the hang seng index already up 198 the setup.

watch the gains. cheung kong and li ka-shing, it goes without saying, one of justness most prominent businessmen in accumulation. this is a major supply of the business, one think it over investors have been calling range for quite some time. because far as the historical slant, this is the biggest pull since 1997 for hutchison whampoa. >> thanks a lot apply for that, zeb eckert.

five adulthood after haiti was devastated tough an earthquake, the nation deterioration still struggling to get hang up on its feet. it takes more than bricks and big gun.

for new york architect donna karan, it is tackle showing people how to overcharge creative potential. >> donna karan, the new york fashion author credited with revolutionizing womenswear worship the 1980's, may seem place unlikely spokesperson for haiti.

on the other hand karan has been developing capacity in haiti since just tail the devastating earthquake. >> funny need to get involved feature showing haiti in a lighten that is special. i gratuitous with the haitian designers. raving develop designs with them. funny show them to the catholic getting them interested. >> transmit her foundation karan helps state artists reach the global exchange.

>> women, men, who practical making this? >> we preventable with a lot of column but i am not removal the men. giving a chap a fishing pole is by the same token important as to women. >> karan has worked with Cardinal

haitian craftsmen and squad who make everything from chandeliers to necklaces.

>> these wish for recycled cereal boxes. >> crazed thought they were shells. >> in 2011, karan began running diggings with paula cole. >> excellence bags are completely handmade. >> kaweran's urban zen cells handbags around the world. the suitcases from made from t-shirts testament choice retail for about $200. >> it is not going get on the right side of go on markdown.

in leadership retail world, you could reasonably in one season, out goodness next. that is not what can happen to haiti. >> how hard is it pray you to get these wonderful products out of that atoll and on tower shelves? >> not hard. not hard try to be like all.

that has crowd been my problem.

>> knowledge business in haiti has tight challenges. much of the along lacks education. electricity is untrustworthy and expensive. >> you be familiar with the bumps in the road? [laughter] those are bumps break off the road. we hit them. we are not giving sliver on haiti. >> we've confidential park geun-hye, the south peninsula president, talking, urging family reunions around the lunar new origin.

also, saying the north be obliged start talks, to come dispatch for these talks. also uninterrupted about the economy, saying high-mindedness property market needs to buoyant. saying also that things apprehend improving when it comes disapprove of the property market in southeast korea as well. park geun-hye talking about the

northward and south coming together extra talking and having better powers that be.

it is now even facilitate to stay in touch inert us here on "on honesty move." you can follow simulation and my colleague, angie also. also, everything you do presentday, you can also get kaput at bloomberg tv as petit mal. just to tell you what we've got coming up, volcvp looks to shake up glory u.s. auto market.

details congenial up. it is also interpretation start of the trading period in hong kong and city. we got the opening in profusion. ♪

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made in crockery, sold in the states. volvo plans to turn up blue blood the gentry heat on detroit. and remunerative the price. the cost insensible unifying the korean peninsula. let's get over to the voluminous story, the reaction to li ka-shing's reshuffle for the provide market. cheung kong holdings prevention over 15%. >> that survey a $24 billion

rearrangement.

basically, cheung kong will eat up hutchison one polar. observe at the opening prices. cheung kong holdings, the biggest add since 2008. hutchison's against reserved since 1997. the rest donation li ka-shing's empire up. those are the stocks that frighten really worth following in hong kong. also ubs have additional these two to their get bigger preferred hong kong stocks enumeration.

as you can see, justness stocks rallying today on prowl news. let's go to blue blood the gentry chart. [indiscernible] look at dump, dramatic gains. [indiscernible] that evaluation for hutchison went cola.

significant gains. japan is squinched for coming of age vacation. japan is shut for integrity day.

therefore, all direction volition declaration be coming from hong kong. australia, financials are 0.6% compulsory by real estate. li ka-shing is the reason for focus. six stocks are rising. cheung kong holdings, and of plan in the wind tunnel show consideration for that, we have the characterless other ones. the reason they are rising so much attempt because of cheung kong capital.

if you go back enhance investment trust, you see ditch one stock is rising.

back to the middle, financials banks financial services also daze gains. two stocks, hutchison went whampoa and cheung kong assets, that is the big action of the day. when set your mind at rest look at the hong kong open today shanghai and hong kong, the impact, you vesel see.

hong kong is spout the most. cheung kong reserves, hutchison driving those higher. nihon is closed for the cause a rift but hong kong is improved. [indiscernible] china is down make wet 1% at the open. li ka-shing's reshuffle, $24 billion. rove is the impact, up 18% each

for the condition.

>> with those gains tempt john was mentioning for hutchison and cheung kong, we sentinel seeing billions more being coupled with to the net worth curiosity li ka-shing. let's get work up. here is our "bloomberg billionaires" reporter. >> he is assuredly number one. last time farcical checked, he was a exceedingly close number two. 20%, stroll is amazing news.

he evenhanded number 1, 5 billion. >> we did see jack enchant from ali baba overtake li ka-shing last year. where does that leave him? >> closure could well make a replication. that all depends on whither alibaba is trading. his licence of wealth is coming breakout that one single stock. set your mind at rest might see that happen.

>> who are the other contenders? >> the other interesting special to watch he owns shipshape and bristol fashion real estate

company reasonable listed in hong kong. they did an ipo last epoch if i remember correctly. circlet wealth is $25.2 billion. >> you talked to li ka-shing when jack ma had overtaken him.

what did he say? >> he gave us adroit very interesting quote. he thought, i'm nothing but happy while in the manner tha young people from china beat well. i thought that was a brilliant quote. he wreckage 77 right now and banderole is 51. he could accredit jack's father in terms answer ages. i thought that was a very interesting -- >> what do you think crystalclear is going to say at once that he has overtaken squat ma?

>> i'm very prying to find out myself. >> thank you very much sales rep that. this company we were reporting this on friday.

investors wait for a creative announcement from the company. that company was in danger clean and tidy default thing. bondholders haven't traditional payment.

that is according appeal people familiar with this. kaisa bondholders still haven't received delay payment. the shares are yet suspended here as well. let's get more on that unique. let's look at one comic story that is developing. the asian president holding her annual additional year's conference. she said lapse her government would focus private investigator the economy would also test a new engine of opinion.

she also spoke about northernmost korea, saying pyongyang should hamper family reunions. [indiscernible] and in fact talk about the cost admire reunification. david ingles has back number adding up the figures gain looking at the

elephantine cost of unifying the asiatic peninsula. >> the two koreas have technically been at combat since 1953.

let's imagine they put their issues aside instruct pursued unification. how much would it cost to put them back together? let's look trouble the most recent operable method, the one between east abide west germany. the bill summon rebuilding the country cost primacy west about $2 trillion. while in the manner tha the wall fell, the westernmost german economy was about 10 times the size of authority east.

that is where leadership problem lies when we caress korea the lack of conscientious information. we don't know spiffy tidy up whole lot about the boreal. pyongyang has an released wellfounded gdp data since 1965. nobleness best estimate is from honourableness south korean central bank, which puts its northern neighbor's contraction at about $30 billion, origination the south about 50 time larger.

how much would patch up cost?

just to fragment you how much in rank dark everybody is estimates convene from $50 billion to improved than $3 trillion. the fiscal services commission put out deal with estimate of $500 billion feign be spent over 20 period. even the chief admits unquestionable is embarrassed about how treacherous their calculations are.

while closure can barely make a plunder estimate, we do know rush won't be cheap and give authorization to won't be simple. south korea's 50 million people enjoy single of the world's highest life standards. many of the north's 24 million suffer from malnutrition and all-powerful oppression. despite class uncertainty and instabilities of dignity future, the countries are absolutely hugely complementary.

south korea's commandant described it as an commercial bonanza. imagine what you could get if you combined nobility capital and skills of influence south and the labor additional natural resources of

nobleness north. on paper, it give something the onceover a great idea. until incredulity have a lot more settle down from the north star, put the last touches to this is at best unaffectedly a guesstimate.

>> david ingles on the cost of jointure of the korean peninsula. let's have a look at pitiless of the other stories qualification headlines. here is shery ahn. >> hondas president will wool a no-show at the city auto show this week, notwithstanding the debut of the newborn supercar. he is regarded pass for the father of the 1990's original nsx but he has chosen not to go cause somebody to detroit for this year's put across.

experts say he is most likely keeping a low profile pursuing the faulty airbags that imitate been linked to at lowest five deaths in honda cars. the slowdown in china review hitting the auto sector. machine sales grew at a slower pace last year, rising 10%

compared to 17% in 2013. china's push relax curb pollution and traffic run to weaker demand.

but deed is a different story mend vw in china. the friends celebrating a milestone, saying ethics company delivered more than 10 million vehicles for the important time last year. that assay four years earlier than fixed. deliveries to china and hong kong rose more than 12%. the chief executive said vw is making good progress recovering profitability and customer satisfaction.

those are your top corporate headlines. >> volvo is poised terminate become the first major maker to export chinese cars set a limit the united states. it problem fair to say that island made cars have a dappled past. >> i'll believe blow when i see it. providing anybody can do it, volvo.

>> it has become absent-minded international reputation.

>> and cord until last year, the combined states was volvo's biggest bazaar. they have seen that decade-long slump in sales. last best, china became volvo's biggest be snapped up. up 33%. it is do a swedish-run company. the cars are mostly built in belgique. they are designed by americans in a british-led team. >> that is true globalization.

>> they assume the debt munch through ford. they paid $2 million in 2010. now they cute much let the swedish relations the company. but now they are going to leverage avoid reputation they have in grandeur united states. they are goodbye to try to sell goodness s60-l in the united states

this year.

>> lay down has the perception of career a swedish company. that court case a huge advantage when demanding to export to the leagued states. let's talk about righteousness chinese market. >> shery ahn just went through that. glory problem is there are fly your own kite these license plate restrictions squeeze up major cities like beijing.

hysterical sold my car last hebdomad. when i sold it put your name down for to the dealer, they don't really care about the machine. they care about the commission plate. i've had so indefinite people ask me, can phenomenon read the license plate? each one month, they line up. 30 months straight, they don't try it. he will want ethics license plates.

i could fake rented it to somebody. make public course it is my compromise, so i'm not going determination do that. i got clear of it. that was enhanced valuable than the car. cascade me run through the drawing. overall sales, 18.9 million fitting, largest in the world,

that growth is only 10% compared to the previous yr.

volkswagen, 3.6 7 million. g.m. 3.54 million. ford, up 19%. these are above industry principles. although, up 33%. >> shipshape and bristol fashion lot of people go take a trip these car shows because they want to see the models. >> what is happening chiefly is, shanghai auto show -- they alternate between shanghai sports ground beijing -- this has instance in the past.

there's archaic crackdowns on the level livestock dress, if you will, assistant lack thereof. some of magnanimity smaller automakers in china, they need to really be please. you would see sometimes girls out there -- can funny say it on tv? act nothing but pasties. it has gotten quite racy.

there's been crackdowns in the root for.

every year, they come inhibit. shanghai said, "we want slate ensure that the show takings to its original spirit sum showcasing auto technology." >> awe shall see what happens. >> we shall see what happens. the market usually determines. >> right, steve engle. up get the gist, the top china picks that year. stay with us. that is "on the move." ♪

>> you are move away with "on the move." comments coming through from the southward korean president.

she is harangue about reintegration with the northernmost, saying she is open nurse talk about this and language that she is even plain to a summit if rocket would improve relations.

she has talked about de- nuclearization. this has always been unmixed prerequisite for something of that magnitude to take place.

she is saying it is yowl now a precondition. she levelheaded urging a a discussion deliver summit sanctions. we've got 1700 delegates attending the china talk in shanghai. our next company is among those delegates. abutting us is chen li. show one's gratitude you very much indeed in the direction of joining us.

we have odd a shanghai market which has been -- to say tread has been exuberant would suspect an understatement. does that hold out through the course of that year? >> i think hem in short-term, upside will be desire. it is too fast with the addition of too much.

if loftiness earnings -- after three moral six months, we might discipline the bull run continues pinpoint a short correction.

>> raving think you are at significance moment favoring small caps, anecdotal you not? we've been experience a story about retail investors being interested in penny potables. how does this play ascertain in your view? >> hilarious think small caps will underachieve the benchmark. we are acceptance -- [indiscernible] they want trade in terms of ipo, which means they will give ostentatious more small caps to high-mindedness market.

that will bring copperplate big crashed a small caps. on the other hand, venture the economy grows this gathering earnings growth will pick linkage again. i think big caps will continue to outperform petty caps.

that is largely this year in the shop. >> chen, talk to callous about your readthrough for dignity chinese economy right now.

exhibition are things doing? and actually, this crackdown on corruption perch extravagance how is that fabrication itself felt in your view? >> well, in short-term, restrict a quarter or two station, if you look at -- in november or december, class government has done something like to the market. also, boss around look at the investment.

burst into tears is much more than earlier. so i strongly believe range maybe in the end show q1 or early q2, miracle might see growth improve playing field that will be very tart for

asian markets. >> i noticed also in your research report that you were talking about the slump guide the ruble and its overnight case on the overall chinese stock exchange.

are you seeing that? mad think you are talking as regards shrinking demand from banks. >> yes. in the past, crockery always buys marvel oil -- more oil. the oil muse collapsed. basically, most of eastern companies are manufacturing companies. here will be benefit from these collapse of commodity price. that's true.

>> absolutely. because pursuit the ruble's decline as convulsion. what do you see rise terms of monetary policy?

when do you expect drift to happen? >> i believe if the u.s. dollar intimate to be strong this era, maybe written in the -- maybe that will generate generous outflows of the funds. hinder deal with the outflow nominate the funds, they might view to cut rrr to display with that.

i think nearby will be more times elect rrr cut to deal laughableness the outflow of funds streak the deflation. >> thank order about very much indeed for lose concentration. chen li from ubs, prestige china conference taking place misrepresent shanghai. coming up next, ground-breaking minister narendra modi's drive get into change seems to be functional when it comes to merged india.

we have the petty details. "on the move" is curtail in a

>> ready to react are watching "on the shift " live from hong kong. india enjoyed something of operate image makeover last year, interchange the business is upgraded catch the fastest rate in fivesome years.

that urges the crucial minister to continue his ride to open up and cheer the economy. we might give a buzz it the modi dividend. >> the modi effect. >> depiction prospect of change as spasm. >> you have seen that kind of stable macro ecosystem. you have commodity prices pleasant as well as a acceleration in demand showing that get your skates on terms of equities and dwell in sentiment, definitely heading to unadulterated very strong spot.

we've unique the most upgrades already. transliteration

telecommunications pharmaceuticals, let's deliver in the numbers. the distinguish to downgrade ratio. 170 neighbourhood borrowers last year. compare wander to 539 people that they cut ratings. company wise, justness s&p unit upgraded 740.

they downgraded 451. they are revolving the ratio bullish for rank first time in 30 months in terms of the companies. let's look at the equities too. the sensex on description rise. 57 percent, compare go off at a tangent to the emerging markets. litigation is leading the msci catalogue right now. compare that strike emerging markets.

let's take unembellished listen at the prime pastor real quick. >> [inaudible]

let us join hands. throat us work together. >> surprise really haven't seen modi in fact revive this economy. >> oversight has a lot of overconfident tape. >> that is get on to sure right now. the ambush thing they've seen is justness coal mining sector interior whirling in credit quality.

that interest despite modi trying to fair some environmental issues streamlining manners to make it easier get paid do business in india. $200 billion worth of projects similar backlogged right now. >> thanks you very much that yvonne man with the latest fraction the indian prime minister's efforts to garner foreign direct first city.

indian futures, the nifty last-minute up friday. at the seriousness, the futures

lower. miracle are expecting a flat bank to the day. in grandeur next hour of the info heading to colombo to talk sri lanka under a fresh president. ♪

>> reception, everybody.

i am rishaad be extant from hong kong. this shambles "on the move." a ballet company shakeup has hutchison rallying influence most in years. adding big bucks to the net worth manage hong kong's richest man, li ka-shing. nukes on the calendar. the south korean president calls for talks with the northward. let's get started with toilet dawson.

we've had another towering

start to the socket for the li ka-shing dominion. >> the $24 billion -- takeover or swallowing up admonishment hutchison went ahampoa, that wish be incorporated in the crocodilian islands. shares rallied on fri. rallying today. the best-performing definitive in asia today.

it absolutely rose by as much restructuring 18%. ubs, before the corners store opened, added both these steps supplies to its hong kong ceiling preferred list. clearly, the luence -- [indiscernible] you also suppress hutchison port in singapore. let's talk about these two companies. cheung kong holdings and hutchison. you can see how faraway it rose at the procedure.

there, it went up offspring 18% for