mini-TOPIX index futures trading hits a record high today
September 28, 2012--As of today, the trading volume of mini-TOPIX index futures reached a record high of 36,350 contracts
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Source: Tokyo Stock Exchange (TSE)
BSE: Index Based Market Wide Circuit Breaker For The Quarter 1st October, 2012 To 31st December, 2012
September 27, 2012--The Exchange implements on a quarterly basis (SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001) the index based market wide circuit breaker system.
The system is applicable at three stages of the index movement either way at 10%, 15% and 20%. This circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide.
The market wide circuit breakers would be triggered by movement of either SENSEX or the NSE S&P CNX Nifty whichever is breached earlier.
In case of a 10% movement of either of these indices, there would be a 1-hour market halt if the movement takes place before 1 p.m. In case the movement takes place at or after 1 p.m. but before 2.30 p.m. there will be a trading halt for ½ hour. In case the movement takes place at or after 2.30 p.m. there will be no trading halt at the 10% level and the market will continue trading.
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Source: Mondovisione
Thai bourse readies new SET50 Options for Oct launch
September 26, 2012--Thailand Futures Exchange (TFEX), under The Stock Exchange of Thailand group is
ready to start its modified SET50 Options on September 27, 2012 as it will not create the new series, expiring in September 2013 to reflect the upcoming
changes.
"TFEX will introduce the new versions of SET50 Options on October 29, which two contract months will be added, but the two farthest quarterly months will be removed. Under the new expiration cycles, there will be three nearest
consecutive monthly contracts, and one quarterly contract for the Options
contract. In order to implement this new rule, on September 27, 2012 TFEX will not create the Options series September 2013 (U13).
Thus during September 27-October 29 there will be 3 contract months comprising of December 2012, March 2013, and June 2013, Kesara Manchusree, Managing Director of TFEX, said.
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Source: Stock Exchange of Thailand (SET)
China's ETF market accelerates
September 25, 2012--The Shanghai stock market is languishing at a three-year low after falling almost 9 per cent since January but interest in China-focused exchange traded funds is growing strongly with investors and providers taking advantage of new rules that are helping to accelerate the development of China's ETF market.
Assets in China ETFs have risen from just $12m in 2002 to $38.8bn at the end of August, according to Deutsche Bank. Over the same period, the number of ETFs available to investors has risen from just one to 138.
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Source: FT.com
DB-Global Equity Index and ETF Research-Asia-ETF Handbook Series:China ETF Investing
A global guide for China equity access with ETFs
September 25, 2012--Chinese economy faces headwinds, but medium/long term prospects are still attractive.
The Chinese economy is currently experiencing an economic growth slowdown, and market participants around the world wonder whether Chinese authorities will be able to engineer a soft landing for the growth engine of the emerging world.
Deutsche Bank’s Chief Economist for Greater China, Jun Ma, expects a very weak recovery for the Chinese economy. And on the equity market side, while Ma doesn’t expect a significant rebound in the near term, he remains positive on its medium-term outlook based on the market’s attractive valuations. With respect to sectors, he suggests insurance, luxury auto, power, health care and gas distribution.
Chinese regulators continue to open local market to foreign investors Chinese regulators have made significant efforts to keep opening the local market to foreign investors. Most recently they increased the investment quota for QFIIs by US$50bn to US$80bn, and for RQFIIs by RMB 50bn to RMB 70bn. In addition, they reduced QFII eligibility requirements, streamlined review and approval procedures, and relaxed restrictions on the establishment of securities accounts by QFIIs, their investment scope and shareholding ratio.
China ETFs offer multiple and efficient ways to access the market Access to the Chinese equity market can be complex and limited, because of the several share types, multiple listings, currencies, and restrictions. However ETFs have made it easier to access multiple corners of the market, with 132 China-focused products listed in 22 countries and US$38.8bn in AUM. These ETFs offer access to both the on-shore (A/B-share) and the off-shore (e.g. H/N-share/Red/P-chips) market, as well as various sectors, styles, and strategies providing intra-day liquidity to investors around the globe.
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/512-3D43/19912289/ETF_Handbook_Series_xs.pdf
Source: Deutsche Bank - Equity Research - Asia Pacific
Tokyo Stock Exchange has Published The Index Value Of TSE Home Price Index For July
September 25, 2012--TSE has published the index value of TSE Home Price Index for July on September 25, 2012.
The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 76.94 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 80.79
points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 76.39 points.
The index value of TSE Home Price Index (Used Condominium, Chiba) is 65.99. The index value of TSE Home Price Index (Used Condominium, Saitama) is 66.37 points.
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Source: Tokyo Stock Exchange
Shenzhen Stock Exchange Industry Top Index Launched
September 25, 2012--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. announced that the SZSE Industry Top Index (Code: 399653, Abbreviation: SZSE Industry Top) was launched on September 25 2012, taking June 30 2010 as the base date and 1000 points as the base value.
Industry Top Enterprises refer to representative enterprises that grasp substantial market share and high profitability in the industry. Generally speaking, they are leading players in respect of scale, technology and corporate profitability, and have certain influence and demonstrative effect on industry peers. Thematic investment in industry top enterprises has been prevailing for years in domestic and overseas markets. Its significant advantages have been proven by practical experiences.
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Source: Shenzhen Stock Exchange
ASIC reports on GFC short selling restrictions
September 24, 2012--A review of measures taken at the height of the global financial crisis to temporarily restrict short selling has been released by ASIC, revealing the impact of this action.
In September 2008 ASIC took steps to temporarily restrict covered short selling in the Australian market and to implement an interim reporting system for permitted short sales. As global financial markets experienced severe stress, countries around the world took steps to strengthen their financial systems. There was widespread concern that short selling was contributing to market volatility and putting enough pressure on market confidence to be systematically relevant to the global financial system and economy.
view the Report 302 Short selling: Post-implementation review (REP 302)
Source: ASIC
DB-Global Equity Index and ETF Research-Asia-Pac ETF Market Weekly Review : ETP AUM reduced by $1.7bn amid mixed equity markets
September 24, 2012--Market Review
Last week, the Asia-Pacific region had mixed markets. Compared to the week before, from north to south:
Japan (Nikkei 225) -0.54%
Korea (KOSPI2)-0.61%
China (CSI 300)-5.03%
Hong Kong (HSI) +0.51%
Singapore (FSSTI) +0.25%
Australia (S&P/ASX 200) +0.42%
New Product Launch Review
There was no new ETP listing in the last week.
Turnover Review
Asia-Pacific ETP turnover totaled $6.6bn last week, 8% down from the previous week’s total. South Korea continued to top the turnover ranking with $2.6bn, followed by China ($1.4bn), Hong Kong ($1.3bn), Japan ($0.6bn), and Taiwan ($0.2bn). Among Equity ETFs, the Emerging Country, Leveraged Strategy, Asia-Pacific Developed Country, and Short Strategy ETFs had total turnovers of $3.1bn, $1.4bn, $1.0bn, and $0.6bn respectively. Among the Commodity asset class, turnover in Gold ETPs totaled $159mn.
Assets under Management Review Last week, Asia-Pacific ETP AUM decreased by $1.7bn and ended at $116.5bn. On a year-to-date basis, Asia-Pacific ETP market is up by $25bn or 27.3% above last year's closing.
The following link will be available for 90 days. For more information, please click on the link for the full PDF.
If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/527-7A89/17347825/Asia-Pac_ETF_Market_Weekly_Review__24_Sept.pdf
Source: Deutsche Bank - Global Equity Index and ETF Research - Asia
Investors pour money into India after reforms
September 24, 2012--As Indian markets rallied strongly after unexpectedly bold government reform measures last week, one word captured the feelings of investors: relief.
Politicians in Asia’s third-largest economy have developed a well-earned reputation for dithering and drift, denting market confidence with a panoply of stalled policies, corruption scandals and disappointing economic data.
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Source: FT.com
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