Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Indian shares suffer $60bn ‘flash crash’
October 5, 2012--Almost $60bn was temporarily wiped from the stock market value of India's biggest companies on Friday when a "flash crash" on the country's stock exchange triggered a near 16 per cent slide in the main index.
India’s National Stock Exchange, Asia’s fourth largest bourse based in Mumbai, was forced to halt trading briefly after 59 erroneous orders from a basket of trades caused the so-called “Nifty” index to drop as much as 15.6 per cent within minutes.
read more
Source: FT.com
India Eases Limits on Investment
October 4, 2012--India's government deepened a recent push to further open its economy, approving a long-pending plan to allow more overseas investments in insurance and opening the pension sector to foreign investors.
The cabinet on Thursday approved raising the limit on foreign ownership of local insurance companies to 49% from 26%. It also permitted overseas investors to own up to a 49% stake in domestic pension-fund managers—the first such investment that has been allowed.
The decisions come on the heels of moves last month to allow greater foreign participation in the retail, airline and broadcasting sectors.
view more
Source: Wall Street Journal
Commodities' Engine Stalls
Slowdown in China Cuts Demand For Raw Materials, Turning Some Investors Away.
October 3, 2012--For years, commodities investors had it easy-just buy anything that China was buying.
Now, with China's growth slowing and demand for raw materials easing, investors are being forced to work a bit harder.
Some investors have turned away from commodities that are heavily dependent on Chinese demand, such as base metals, cotton and soybeans. Others are searching for areas that will continue to expand no matter what happens in China, such as the U.S. natural-gas market. And some are simply getting out of commodities completely.
view more
Source: Wall Street Journal
Vanguard Switch to FTSE May Prompt Selling in South Korea Stocks
OCtober 3, 2102--Vanguard Group Inc.'s emerging markets fund managers will need to sell shares of South Korean (KOSPI) companies after the largest U.S. mutual-fund company replaced MSCI Inc. (MSCI) with FTSE Group as the benchmark provider for six equity funds.
The FTSE Emerging Index, which classifies South Korea as a developed market, will replace the MSCI Emerging Markets Index as the benchmark for the Vanguard Emerging Markets Stock Index Fund (VEIEX), Vanguard said in a statement yesterday. Six Vanguard international index funds with assets of $170 billion will transition to benchmarks in the FTSE Global Equity Index Series, according to the statement.
read more
Source: Bloomberg
Thailand's SET Index closes above 1,300 points
October 2, 2012--The Stock Exchange of Thailand's (SET) main stock index (SET Index) closed at over 1,300 points today, a new high in the past 16
years and four months, following gains of other stock markets due to relief over Spain's economic problems and a strong pick-ip in U.S. manufacturing, said SET President Charamporn Jotikasthira.
The SET Index closed up 5.95 points, or 0.46 percent, at 1,305.66 points, while
other stock markets in Asia were up slightly. The index has risen 27.3 percent
since the start of this year, making it the top index performer among Asia's
main stock markets.
However, investors should monitor fundamentals and analyses from brokers for trends and factors before deciding.
read more
Source: Stock Exchange of Thailand (SET)
Bursa Malaysia establishes new Shari'ah committee
October 1, 2012--Bursa Malaysia Berhad would like to announce the establishment of its new Shari'ah Committee in its efforts to enhance and strengthen the business governance for its Islamic capital market offerings.
The oversight function of the Exchange’s Islamic business was previously provided by an individual Shari’ah Advisor. As part of its strategic direction to propel the Exchange to be a leading marketplace in Asia, Bursa Malaysia is focused on developing its potential as an international Islamic fund-raising centre.
read more
Source: Thailand4
China's rebalancing act
September 30, 2012--China's 12th Five-Year Plan calls for a shift in the country's economic model from export-led growth toward greater reliance on domestic demand, particularly household consumption.
Since the Plan's introduction, China's current-account surplus as a share of GDP has indeed fallen. But does that mean that China's adjustment is on track?
According to the IMF, the fall in China's current-account surplus/GDP ratio has largely been the result of very high levels of investment, a weak global environment, and an increase in prices for commodity imports that has outpaced the rise in prices for Chinese manufactured goods. So the fall in China's external surplus/GDP ratio does not represent economic “rebalancing”; on the contrary, the Fund predicts that the ratio will rebound in 2013 and approach its pre-crisis level thereafter.
read more
Source: Today's Zaman
Asia's ETF industry grappling with the west's sales advantage
September 30, 2012-- Boosting exchange traded fund adoption in Asia could be as easy as changing fee structures, or as difficult as transforming investors' conceptions of the products.
US independent financial advisors and wealth management firms typically have far more ETFs on their platforms because they charge clients fixed fees rather than transaction-based fees, which is the common practice in Asia, said Sammy Yip, Hong Kong-based head of business and product development at Lippo Investments Management.
read more
Source: FT.com
ASIC grants first licence authorisations for emissions units
September 28, 2012--ASIC has started to grant authorisations to Australian businesses intending to provide financial services in emissions units.
Earlier this year, 173 individuals and companies registered with ASIC to provide financial services in emissions units and related derivatives. These registrants include 110 current AFS licensees seeking to vary their authorisations to include emissions units. Registrants come from a variety of sectors and backgrounds, including corporate advisory, energy, and carbon farming.
view more
Source: ASIC
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
read more
Source: Tokyo Stock Exchange (TSE)
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
