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Dealmaking activity elevates Asian financials
August 29, 2011--Asian financial stocks led the region’s equities indices higher on Monday, as signs of dealmaking activity in the sector in Tokyo and hopes for more stimulus measures in the US lifted the mood.
Aozora Bank gained 5.4 per cent to Y195 in Tokyo on a report in the Australian Financial Review that Australia and New Zealand Banking Group is considering buying Aozora or the unlisted Tokyo Star Bank, a unit of US investment house Lone Star. A&NZ rose 1.8 per cent to A$20.21 in Sydney.
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Source: FT.com
Clearstream and ASX Group in exclusive talks about collateral management cooperation
Augsut 28, 2011--Clearstream and ASX Group in exclusive talks about collateral management cooperation Agreement signed to negotiate terms for the development of a collateral management service for Australia/ASX clients would benefit from more efficient use of their domestic and international collateral/Australia would be second market after Brazil to use Clearstream’s real-time collateral management outsourcing service
Clearstream and ASX have entered in exclusive negotiations to jointly develop a new collateral management offering for the Australian market. The collateral management service for Australia will target the collateralization of exposures in the Australian market managed via ASX. The service will enable ASX clients to handle their collateral holdings and exposures more efficiently, thus strengthening their risk profiles across their trading activities. ASX envisages outsourcing the allocation, optimization and substitution of local collateral – held in the central securities depository Austraclear and CHESS, the settlement system for equities trades – to Clearstream’s proven collateral management infrastructure, the Global Liqudity Hub, that operates on a fully automated basis and in real time.
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Source: Clearstream
NSE keeps its focus on core growth
August 28, 2011--As exchange operators around the world chase tie-ups with rivals, the head of India’s largest exchange by volumes has steadfastly ignored the consolidation chatter and focused on core growth and strategic alliances.
Ravi Narain remains quietly confident that the National Stock Exchange of India is on the right track.
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Source: FT.com
India stock market to launch derivatives on S&P, Dow
August 26, 2011-India's National Stock Exchange (NSE) will launch derivative contracts on the Standard & Poor's 500 and the Dow Jones Industrial Average on Monday, it said in a statement, allowing Indian investors access to global indices.
"Derivative contracts on these global indices will provide Indian investors easy access to U.S. markets in Indian market hours, without taking any currency risk," Ravi Narain, chief executive of the NSE, said in a statement.
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Source: Reuters
Tokyo stops run of losses as bankers gather
August 26. 2011--Japanese stocks snapped a four-week run of losses although trading was choppy ahead of a key speech from Ben Bernanke at a gathering of central bankers at Jackson Hole, Wyoming.
Analysts suggested that fading expectations that the Federal Reserve chief would unveil a further programme of quantitative easing had helped bolster expectations that the yen might weaken against the dollar – giving a lift to Japanese exporters’ shares.
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Source: FT.com
Asia’s Hedge-Fund Assets to Grow, May Reach $180 Billion, Eurekahedge Says
August 26, 2011--Assets managed by Asian hedge funds may exceed $180 billion in the next 12 to 18 months as the region’s growth attracts investors amid U.S. economic and Europe sovereign debt concerns, according to Eurekahedge Pte.
Asian hedge-fund assets stood at $134 billion at the end of June, compared with $14 billion at the start of 2000, according to an e-mailed report by the Singapore-based industry researcher. The number of funds has grown eight times to 1,235 since 2000, the report said, citing increased popularity of hedge funds and the easing of regulatory restrictions in the region.
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Source: Bloomberg
Asian stocks jump after Wall St rally
August 25, 2011--Asian markets surged on Thursday, following another rally on Wall Street and ahead of a speech by Fed chief Ben Bernanke that many hope will outline plans to kickstart the ailing US economy.
The more positive mood - helped by a strong batch of US manufacturing data - saw safe haven assets fall, with gold tumbling from its record high above $1 900 and the yen weakening.
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Source: FIN24
NSE to launch derivatives trading on S&P 500, Dow on Monday
August 25, 2011--Indian investors from Monday will be able to take an exposure in the US equity markets on the NSE via rupee-denominated derivative contracts based on S&P-500 and Dow Jones Industrial Average (DJIA).
The new contracts will include futures on both the DJIA and the S&P 500, and options on S&P-500. Also, the trades are to take place in Indian trading hours.
Trading in derivatives on the global indices is restricted to Indian residents only, which means foreign institutional investors and non-resident Indians can not participate on this trade.
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Source: Hindu Business Line
S.Korea's Retail Investors Make Market Waves with Wrap Fervour
Wrap accounts explode in popularity over past year in Korea
They exaggerate volatility with concentrated bets on few stocks
Regulators closely watching wrap accounts
Korean investors tend to herd into "next big thing"
August 25, 2011-Henry Seggerman has spent two decades investing in South Korea and over the years he has seen his fair share of market quirkiness. But when he heard about the princes and princesses, he was amazed.
Seggerman, who is chief investment officer of International Investment Advisors, has been closely following the latest investment craze in South Korea -- wrap accounts. Over the past year, they have become a dominant and sometimes dangerous force in the Korean equity market, adding fuel to a sell-off this month that could become the biggest on record.
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Source: Reuters
Moody's cuts Japan rating, blames politics
August 24, 2011--Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.
Japan is preparing to elect its sixth leader in five years to replace unpopular Prime Minister Naoto Kan, under fire for his handling of the response to a March tsunami and subsequent radiation crisis at a crippled nuclear power plant.
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Source: Todays Zaman
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