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Thai bourse lists gold-based ETF "BCHAY" on Nov. 1
October 28, 2011--The Stock Exchange of Thailand (SET) will list Bualuang CHAY Gold ETF, managed by Bualuang Asset Management Co., Ltd, on its main board starting from November 1, under the ticker "BCHAY."
BCHAY, an open-ended exchange-traded fund (ETF), has a policy to invest in
domestic gold bars of 96.5 percent purity.
"We are very pleased to be a part of Thailand's gold investment development and help upgrade it to the international level. With the launch of gold-based ETF, Thai investors are now able to manage their portfolios more efficiently. BCHAY is a result of fund innovation and investment in 96.5-percent gold bars, which is an accepted gold trading standard. The ETF facilitates investors with real-time trading, enabling them to track gold prices conveniently, timely and quickly through the SET's reliable trading and settlement systems. Meanwhile, there is no problem in storage and safety maintenance of the gold bullion as the fund manager will operate them," SET President Charamporn Jotikasthira noted.
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Source: The Stock Exchange of Thailand
Equally Weighted Index Issued For 4 Core Indexes Of Shenzhen Stock Exchange
October 28, 2011--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. declared today to issue SZSE 100 equally weighted index, SZSE 300 equally weighted index, SME board equally weighted index and ChiNext board equally weighted index on October 28, 2011. In these indexes, weighted calculation will be launched on the sample stocks by applying equal weighting method based on the SZSE 100 index, SZSE 300 index, SME board index and ChiNext board index.
The equally weighted index will assign the same initial weights to the sample stocks. It is a strategic index with extensive applications, because equal weighting is able to optimize the weight distribution of industries and individual stocks and improve the long-term revenue performance of index.
As shown by data, by applying the equal weighting method, the weights for the emerging industries in Shenzhen indexes have been optimized to more precisely reflect the distribution characteristics of Shenzhen stock market. The history revenue performance also proved this.
The code for SZSE 100 equally weighted index is 399632, and the base date is December 31, 2002. The code for SZSE 300 equally weighted index is 399633, and the base date is December 31, 2004. The code for SME board equally weighted index is 399634, and the base date is December 29, 2006. The code for ChiNext board equally weighted index is 399635, and the base date is September 30, 2010. The base date index is 1000 points for each of the 4 equally weighted indexes.
Source: Shenzhen Stock Exchange.
BSE annuls all derivatives trades on Wednesday
October 27, 2011--The Bombay Stock Exchange (BSE) has annulled all derivatives trades on its exchange conducted on Wednesday due to a large movement of the index futures, it said in a statement.
The exchange has suspended a member from any further trading in proprietary position in all segments of BSE, but did not identify the member.
BSE has started a detailed investigation into the matter, it added.
Source: Reuters
ASX Trading Outage
October 27, 2011--ASX Trade, the platform upon which various order books of the Australian Securities Exchange (ASX) operate, resumed trading at 2.00pm today after being halted just after 10.05am.
The market was halted due to a network connectivity issue that prevented participants from interacting with the trading platform.
ASX Trade markets closed today as normal and are expected to open at the regular time of 10:00 am tomorrow. The ASX 24 futures market operated normally throughout the day.
ASX’s technical team worked in conjunction with its technology provider – NASDAQ OMX – to resolve the issue.
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Source: Asia E-trading
Japan central bank expands monetary easing
October 27, 2011--Japan's central bank on Thursday kept its key interest rate at nearly zero and will expand the size of an asset buying program to lend stronger support to the economy.
The Bank of Japan's policy board decided unanimously at a one-day meeting to leave the overnight call rate target at zero to 0.1 percent.
It voted 8-1 to increase its asset purchase program by 5 trillion yen to 55 trillion yen ($723 billion). It will use the extra funds to buy Japanese government bonds, hoping that further monetary easing will offset the export-sapping strength of the yen.
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Source: Todays Zaman
Thai bourse lists gold-based ETF "KG965" on Oct 27
October 25, 2011--The Stock Exchange of Thailand (SET) will list K-Gold ETF, managed by Kasikorn Asset Management Co., Ltd., on its main board on October 27, under the ticker "KG965."
KG965, an open-end exchange-traded fund (ETF), has a policy to invest in
domestic gold bars of 96.5 percent purity which are kept in safe deposit.
"It is Thailand's first ETF tracking 96.5-percent gold bar, which is an accepted standard in Thailand's gold trading industry. I believe that this ETF is an alternative to meet investors' demand for those familiar with gold bar trading. Investors are able to access real-time trading through SET's reliable trading system and their brokers, and also have opportunities to get returns similar to investment in gold," said SET President Charamporn Jotikasthira.
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Source: The Stock Exchange of Thailand
TFEX issues guideline for the expiring series of gold futures and silver futures
October 25, 2011--The Thailand's Futures Exchange plc (TFEX), a subsidiary of the Stock Exchange of Thailand (SET), issues a guideline for the settlement of expiring series of the gold and silver futures prices in case the derivatives market has to be closed prior to the last trading day of expiring contracts, or on the last trading day.
In such case, TFEX will employ the same procedure for the expiring series but
the reference prices from London Gold Market Fixing Limited will be the price on the last day the contract traded on TFEX.
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Source: The Stock Exchange of Thailand
Tokyo Stock Exchange Publish The Index Value Of TSE Home Price Index For August
October 25, 2011--TSE published the index value of TSE Home Price Index for August on October 25, 2011.
The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 81.16 points.
The index value of TSE Home Price Index (Used Condominium, Tokyo) is 85 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 80.99 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 70.18. The index value of TSE Home Price Index (Used Condominium, Saitama) is 70.70 points.
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Source: Tokyo Stock Exchange (TSE)
Indian rupee rises on equities, euro; cbank policy awaited
October 25, 2011--The Indian rupee gained on Tuesday, buoyed by positive domestic equities and a steady euro, with all eyes trained on the central bank's interest rate decision at 0530 GMT.
At 10:28 a.m. (0458 GMT), the partially convertible rupee was at 49.70/71 per dollar, 0.3 percent stronger than Monday's close of 49.825/835.
"The macro report on Monday was less hawkish than expected by most people. There is, therefore, a view that the stance may be moving towards investment encouragement," said Ananth Narayan G., head of fixed income, currencies and commodities at Standard Chartered Bank.
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Source: Reuters
MSCI Launches New Chinese Name MSCI 明晟 ("Ming Sheng")
Market leader demonstrates commitment to Greater China market
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today the launch of its new Chinese name for use across Greater China - "MSCI 明晟" ("Ming Sheng").
"As our business continues to grow in China, it has become increasingly important for us to have a local brand and identity that is easily recognized by the local market," said Henry Fernandez, Chairman and CEO of MSCI 明晟. "The launch of our new Chinese name - MSCI 明晟 - reflects the company’s commitment to both our clients and our business in China. By combining our global reach and expertise with our significant local resources and insight, MSCI 明晟 is perfectly placed to help our clients in China evolve and grow."
"China plays an important strategic role in the ongoing and future growth of our business – geographically it is one of the highest growth areas in terms of both clients and revenues and we believe that business generated from China will only become more substantial over time," added Mr Fernandez. "We are committed to continue building our local presence in China and have invested significantly in local talent over the last few years. Now that we have the right people in place we are focusing on building our local brand."
MSCI 明晟 opened its first mainland China office in Shanghai in 2005; today the company has over 180 employees located in Beijing, Shanghai and Hong Kong, and more than 200 clients across Greater China.
Source: MSCI 明晟
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