Thai Bourse Announces Constituents Of SET50, SET100 And SETHD Indices For H2/2011
December 13, 2011--The Stock Exchange of Thailand (SET) has announced the new constituents of the SET50, SET100 and SETHD indices for the first half of 2012 (January 1- June 30, 2012), SET Group Head, Products Business & Development Kesara Manchusree said.
The SET50 index will be added 3 companies: Berli Jucker PCL (BJC), Supalai PCL (SPALI), and Thai Plastic and Chemicals PCL (TPC) into its index constituents. There are also 7 additions in the SET100 index: Berli Jucker PCL (BJC), Gunkul Engineering PCL (GUNKUL), Khonburi Sugar PCL (KBS), LH Financial Group PCL (LHBANK), SC Asset Corporation PCL (SC), Ticon Industrial Connection PCL (TICON), and Thai Plastic and Chemicals PCL (TPC) The SET High Dividend Index (SETHD) will be added 3 companies, Polyplex (Thailand) PCL (PTL), SC Asset Corporation PCL (SC), and Thai Plastic and Chemicals PCL (TPC).
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Source: Stock Exchange of Thailand (SET)
US Economy to Recover Before Europe, Predicts Scholar
Growth Potential Remains in China, but Restrained by Structural Policy
The US, driven by strong market forces and rapid economic restructuring, is expected to recover from economic downturn before Europe.
This is because fiscal and currency restructuring will take longer to implement in Europe, according to renowned Chinese scholar Xu Xiaonian, who was speaking at a seminar jointly hosted by Hong Kong Mercantile Exchange (HKMEx) and Chinese Securities Association of Hong Kong (HKCSA) in Hong Kong yesterday.
Speaking on the topic “The Re-balancing of the Global Economy”, Mr Xu, a professor at the China Europe International Business School, said: “Globalization has created serious imbalances in the world economy. The US over-borrows and over-spends, while the Chinese are excessively saving and investing.”
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Source: Hong Kong Mercantile Exchange
ASIC releases information sheet on credit rating agency reporting obligations
Dwcwmbwe 13, 2011--ASIC has released an information sheet that specifies new reporting requirements for credit rating agencies (CRAs).
From early 2012, all CRAs operating in Australia must lodge an annual compliance report with ASIC. These reports will assist ASIC in monitoring compliance with AFS licence conditions, including the mandatory obligation on CRAs to comply with the International Organization of Securities Commissions’ Code of Conduct Fundamentals for Credit Rating Agencies (IOSCO Code).
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Source: ASIC
Funds see strong outflow in Sept, Oct
December 13, 2011--Hong Kong' fund industry saw net capital outflows in September and October, with September's net outflow hitting the highest level since December 2008, in a sign that investors have turned more risk-averse amid economic uncertainty.
The local investment fund industry group, the Hong Kong Investment Funds Association (HKIFA), released the local authorized fund sales data for the first 10 months of 2011 on Monday. The HKIFA has 64 fund management companies as full/overseas and affiliate members.
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Source: China Daily
Launch of TSE Overseas PR Magazine "TSE Magazine 'Evolving Japan'"
December 12, 2011--Tokyo Stock Exchange Group, Inc. (TSE) launched "TSE Magazine 'Evolving Japan'", TSE's first PR magazine targeting overseas investors. This magazine was created for the purpose of supporting IR activities of listed companies and allowing international investors to gain insight into the appeal of Japanese companies as well as the excellent quality of the Japanese economy and its market.
TSE will actively disseminate information on the "current situation in Japan" including the post-quake Japanese economic recovery and Japanese companies with world-class technological prowess through this overseas PR magazine. In the course of our efforts, we hope to remind international investors of the appeal of Japanese companies as well as the excellent quality of the Japanese economy and its market. We hope that this will, in turn, lead to the increased competitiveness of Japan's financial and capital market.
view the TSE Magazine 'Evolving Japan'
Source: Tokyo Stock Exchange (TSE)
Chinese still buying gold big time -huge imports in October
December 12, 2011--Chinese gold imports through Hong Kong, the main route for gold to reach mainland China, hit yet another new record in October according to Hong Kong government statistics.
The October total was 85.7 tonnes - 50% up on the September figure which was itself a new record and a massive 40 times higher than imports via this route a year ago.
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Source: MineWeb
SSE Volatility Weighted Indices to Be Launched
December 12, 2011--To further enhance the SSE index family as well as to provide new analysis tool and underlying instrument for investors, Shanghai Stock Exchange and China Securities Index Co Ltd
announced that the SSE Volatility Weighted Indices would be launched on Jan 9, 2012.
Siource: Shanghai Stock Exchange
SSE Adjustment List for SSE 180, SSE 50, SSE 380 and Other SSE Indices
December 12, 2011--The following adjustment will be effective on the first trading day in 2012.
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Source: Shanghai Stock Exchanges
China manufacturing contracts as global demand slows
December 11, 2011--China's manufacturing activity has contracted for the first time in 32 months as the eurozone debt crisis and a sluggish United States economy hit exports and domestic demand slowed.
The purchasing managers index (PMI) fell to 49 last month, down 1.4 points from October, marking the first contraction since March 2009, the China Federation of Logistics and Purchasing said. A reading of 50 indicates the line between expansion and contraction.
Another survey, the HSBC manufacturing activity index, also fell to a 32-month low of 47.7 in November from 51 in October.
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Source: The Telegraph
Japan third-quarter growth 'moderates'
December 9, 2011--Japan said Friday its economy grew less in the third quarter than an initial estimate, dented by the strong yen and fears the eurozone crisis will weigh on a fragile post-quake recovery.
The cabinet office said the economy grew by an annualised 5.6% in the July-September quarter - lower than 6.0% announced last month - with a government spokesperson saying growth was "moderating".
However, the figure represents Japan's first economic expansion in three quarters, as the country recovers from the March 11 quake and tsunami disaster with manufacturers ramping up production.
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Source: FIN24
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