Japan Exchange Group-New Products and Trading Rule Revisions
June 24, 2015--We are pleased to announce trading rule revisions and new products that will be introduced with
the launch of the Next Generation Derivatives Trading System (Next J-GATE) scheduled for the
middle of 2016.
JPX's vision is to become "The most preferred exchange in Asia," and one of the key strategies
toward attaining the goal is “expansion of the derivatives market.”
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Source: Japan Exchange Group (JPX)
IMF-Australia: Concluding Statement of the 2015 Article IV Mission
June 24, 2015--Re-Energizing Growth
Australians have enjoyed exceptionally strong income growth for the last couple of decades. But the waning of the resource investment boom and the recent sharp fall in the terms of trade have brought this to a halt. Incomes should start rising again as the terms of trade stabilize, but likely more slowly than in the past.
Improving this outlook requires policymakers being on the front foot to enable Australia to make the most of its considerable potential. This means supporting aggregate demand in the shorter term and boosting productivity in the longer term. And ensuring banks are unquestionably strong would reduce vulnerabilities. Such an ambitious reform agenda would require strong and sustained commitment.
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Source: IMF
Forward Markets Commission to merge with Sebi by September
June 23, 2015--Capital markets regulator Sebi on Tuesday said it expects the proposed merger of commodities regulator FMC with it to be completed by September-end.
"We are evaluating the gaps which are there (in Sebi-FMC merger). We will be able to take over the responsibility by end of September," Sebi chairman U K Sinha told reporters after its board meeting.
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Source: The Times of India
HKEx faces uphill battle with China commodities 'connect' plan
June 23, 2015--HKEx wants to be gateway to China's vast commodities markets
HKEx bought the London Metal Exchange in 2012
Analysts say emulating "Stock Connect"" success will be tough
Hong Kong Exchanges & Clearing (HKEx) is eager to wring value from its $2.2 billion purchase of the London Metal Exchange but the chances of it emulating in metals its success in connecting with stock traders on the mainland may be slipping away.
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Source: Reuters
Asian investors seek global exposure, says Deutsche AWM
June 23, 2015--Deutsche Asset & Wealth Management (Deutsche AWM) says that it is seeking to tap demand from Asian asset owners for higher global investment allocations.
Ravi Raju, the firm's Asia-Pacific head, told Asia Asset Management that sovereign wealth funds, pensions and insurance companies in Asia are increasingly looking to construct global portfolios, given the larger volume of assets at their disposal combined with ongoing deregulation.
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Source: Asia Asset Management
Market Vectors to cross-list US ETFs
June 23, 2015--ETF provider Market Vectors is set to cross-list three US ETFs on the ASX, giving investors exposure to China 'A' shares, global gold mining companies and Morningstar-rated 'wide moat' companies.
In a note to investors, Market Vectors Australia managing director Arian Neiron discussed the three new US-listed global equity ETFs that will soon cross-list on the ASX.
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Source: Investor Daily
MNI-Indian Business Sentiment Boosted by June Rate Cut
Depreciation in the Rupee Stimulates Export Orders
June 23, 2015--Results of the June business survey provide a
tentative sign that the downturn in business sentiment may have bottomed.
The MNI India Business Sentiment Indicator, a gauge of current sentiment
among BSE-listed companies, rose by 7.7% to 67.1
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Source: MNI
Trend of Trading Activity and Market Value Ratio by Foreign Investors in the KOSPI market
June 22, 2015--Contents of Survey: Foreign investors' trading activity and their weight in the market capitalization by the entire market, the industry and individual issue in the KOSPI market as of June 17, 2015
(comparison between the end of 2014 and Jun. 17, 2015).
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Source: KRX (Korea Stock Exchange)
China MOF Fails To Sell Full Amount Treasury Bonds In Auction
June 22, 2015--China's Ministry of Finance only sold CNY25.16 billion out of a planned CNY26 billion of its two-year treasury note in an auction this morning.
The treasury bond was still 1.47 times oversubscribed but some bids were placed at prices that were too low as investors want higher returns and those bids, which are too far away from the auction result of 2.4395%, are considered invalid.
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Source: MNI
Japan aims for productivity reform as key to growth
June 22, 2015--The Japanese government on Monday revealed a draft economic strategy to ramp up productivity amid a declining population, but the plan is long on ideas and lacks a centerpiece program.
Productivity reform is the buzzword for the third growth strategy under Prime Minister Shinzo Abe. With labor shortages already intensifying, Japan expects the trend to continue as its population decreases.
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Source: Nikkei Asian Review