China Said to Order Companies to Check Risks in Commodity Trades
November 28, 2014--China asked state-owned companies to investigate risks associated with commodity trading, said people familiar with the matter, as the government seeks to avoid losses amid a price slump for raw materials.
The State-owned Assets Supervision and Administration Commission ordered companies under its regulation to manage any expected losses in their commodity trading businesses, according to the people, who asked not to be identified because the order hasn't been made public.
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Source: Bloomberg
SGX announces launch of bond trading platform
November 28, 2014--Singapore Exchange (SGX) today announced its intention to launch a bond trading platform by mid-2015. It will initially trade Asian corporate bonds in G3 currencies, with Asian local currencies to follow.
To drive this initiative, the first of its kind focused on Asian bonds, SGX has formed a new subsidiary, SGX Bond Trading ("SGX BT").
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Source: Singapore Exchange (SGX)
S&P Dow Jones Indices-India Index Dashboard-November 2014
November 28, 2014--Call it OPEC's perfect gift for Thanksgiving-cheap oil. November was yet another strongly positive month for Indian equities. The S&P BSE SENSEX gained nearly 3% to close at a new all-time high of 28,694.
The S&P BSE MidCap and SmallCap indices posted even larger gains of 4.5% and 3.2%, respectively.
Returns were led by Financials, which contributed to more than three quarters of the overall gains in the SENSEX.
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Source: S&P Dow Jones Indices
S&P Dow Jones Indices-Asia Pacific Dashboard-November 2014
November 28, 2014--November was a mixed month for Asian equities; China and Japan's markets posted large gains while continued falls in the price of oil weighed on the Australian markets and the energy sector in particular.
Japan's disappointing Q3 GDP fall of -1.6% (ann.) seemed not to worry a market still gorging on a trillion-dollar quantitative easing package announced at the end of October. The TOPIX 150 gained 6% as the Yen fell to ¥118 against the dollar.
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Source: S&P Dow Jones Indices
Shanghai 180 China A-share leveraged/inverse ETFs debut on TWSE
November 28, 2014--The Taiwan Stock Exchange ("TWSE") this week welcomed the debut of the "Fubon SSE180 Leveraged 2X Index ETF" and "Fubon SSE180 Inversed Index ETF", the first leveraged and inverse Exchange Traded Funds (ETFs)
tracking the Shanghai Stock Exchange 180 Index available globally.
In the first four days of trading the ETFs together accounted for over 16.3% of the total daily ETF turnover, reflecting strong demand for innovative products.
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Source: FTSE Global Markets
Indi-Stock-based derivative trading gains traction
Analysts concerned about high-leverage in the system
November 26, 2014--Trading in the stock derivative segment is slowly picking up pace as investors get less risk-averse and much more confident about the market direction.
Analysts said that investors were willing to take speculative positions on individual stocks by taking higher leverage, often without adequate hedges in the cash market.
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Source: Business Standard
Results of Discussion on Extension of Trading Hours
November 25, 2014--Tokyo Stock Exchange, Inc. (TSE) has today decided not to extend its trading hours.
The background to the decision-making process can be found here
Source: Tokyo Stock Exchange (TSE)
Nasdaq Bets on ETFs Joining Hong Kong-Shanghai Stock Link
November 23, 2014--Nasdaq OMX Group Inc. is betting that the Chinese authorities will let investors buy exchange-traded funds over the new link between Hong Kong and Shanghai.
The New York-based exchange operator is partnering with fund managers in Hong Kong as it prepares for a future phase of the link to include ETFs, the company's vice president for global indexes, Robert Hughes, said. BMO Global Asset Management (Asia) Ltd., a subsidiary of Bank of Montreal (BMO), launched two Hong Kong-listed ETFs that track Nasdaq indexes last week.
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Source: Bloomberg
China surprises with interest rate cut
November 21, 2014--China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century.
The cut, the first in over two years, came as factory growth has stalled and the property market, long a pillar of growth, has remained weak, dragging on broader activity and curbing demand for everything from furniture to cement and steel.
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Source: FIN24
To Accelerate Development of Exchange-traded Fund Market by Standardizing Processes and Encouraging Innovation
SZSE Guidelines for Fund Products Development and Services Innovation Promulgated
November 21, 2014--To further promote the development of exchange-traded fund market and better serve market players, Shenzhen Stock Exchange (SZSE) today officially promulgated the Guidelines for Fund Products Development and Services Innovation (hereinafter "Products and Services Guidelines"), based on opinions from fund managers and industrial experts.
As introduced by SZSE, the Products and Services Guidelines mainly contains the following contents:
first, establishing standardized and transparent rules and procedures for products and services, and specifying required application materials involved in products development, and procedures and time schedule for product acceptance;
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Source: Shenzhen Stock Exchange (SZSE)
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