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FSA extends temporary measures regarding restrictions on short selling and purchase of own stocks by listed companies
April 22, 2011--1.The following regulatory measures on short selling are currently in place, with regard to all listed stocks in Japan:
1) An uptick rule requirement which prohibits, in principle, short selling at prices no higher than the latest market price;
2) Requirements for traders to verify and flag whether or not the transactions in question are short selling; and
3) Request the exchanges to make daily announcements on their aggregate price of short selling regarding all securities and aggregate price of short selling by sector (The announcements have been made sequentially since October 14, 2008). (See the FSA press release on October 14, 2008.)
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Source: FSA.go.jp
Two Sector ETFs To Be Listed on the Korea Exchange
April 21, 2011--The Korea Exchange is going to list two sector ETFs, KODEX Transportation ETF and KODEX Insurance ETF, on April 26, 2011. The underlying indices of the two newly listed ETFs are KRX Transportation and KRX Insurance
The total number of the ETFs listed on the Korea Exchange would increase to 91.
Source: KRX
Aussie dollar surges to fresh 29-year high
April 20, 2011--The dollar fell to a 16-month low as rising risk appetite encouraged investors into carry trades and talk circulated that China was set to allow its currency to rise significantly.
Risk appetite was boosted as stocks rallied after robust corporate earnings raised hopes over global growth and a successful Spanish bond auction lessened fears over eurozone government finances.
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OECD -Japan's economic outlook following the 11 March 2011 Earthquake read more
Power Saving Action Plan At Tokyo Stock Exchange (*) The trading hours will remain the same as current hours. Power Saving Action Plan At Tokyo Stock Exchange (*) The trading hours will remain the same as current hours. Assets under Gold ETFs up nearly three fold Investors in India, the world’s largest consumer of gold, have traditionally been buying physical gold. With steep rise in prices, some of them are shifting towards buying “virtual gold” i.e. Gold ETFs.
read more China raises banks' reserves again
It will lock up about 350 billion yuan ($53.6bn) of cash that banks would otherwise be able to lend, making it an important tool for slowing money growth.
read more China acts after inflation rises read more Money Managers in China Brew Own Hedge Fund Industry If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: FT.com
April 19, 2011--- The 11 March 2011 Great East Japan Earthquake was the strongest ever recorded in Japan and triggered the country’s worst disaster of the post-war era. The earthquake and accompanying tsunami resulted in an enormous loss of human life, as well as massive economic damage. A preliminary report by the government estimated the damage to social infrastructure, housing and private firms’ fixed capital at between 3.3% and 5.2% of 2010 GDP.
In addition to the usual risks related to the strength of world trade, exchange rates and commodity prices, there is great uncertainty about developments in Japan, including the duration of electricity shortages, the problems at the Fukushima nuclear plant and the size and timetable of government reconstruction spending. Consequently, the timing and strength of an economic rebound is exceptionally difficult to forecast.
Source: OECD
April 18, 2011--Due to the impact of Great East Japan Earthquake, an extremely serious situation regarding the supply and demand of electricity is expected this summer. The government has announced a “Framework of Countermeasures for Supply and Demand of Electricity in Summer” to illustrate the fundamental perspectives and the direction for countermeasures related to supply and demand of electricity this summer.
The Tokyo Stock Exchange (TSE) will endeavor to continue assuring stabilized market operation, while also enacting countermeasures for power saving, such as turning down the lights and air conditioners in the office and the Arrows market center, in light of the circumstances above. The TSE will review operations including suspending Arrows tours, seminars and events on week days (seminars on holidays will be under consideration). The TSE is also planning to make comprehensive efforts such as encouraging its employees to take vacations in the summer, introduction of summer hours (moving forward of working hours(*)) and SETSUDEN biz (cool biz revised for saving power).
Source: TSE
April 18, 2011--Due to the impact of Great East Japan Earthquake, an extremely serious situation regarding the supply and demand of electricity is expected this summer. The government has announced a Framework of Countermeasures for Supply and Demand of Electricity in Summer to illustrate the fundamental perspectives and the direction for countermeasures related to supply and demand of electricity this summer.
The Tokyo Stock Exchange (TSE) will endeavor to continue assuring stabilized market operation, while also enacting countermeasures for power saving, such as turning down the lights and air conditioners in the office and the Arrows market center, in light of the circumstances above. The TSE will review operations including suspending Arrows tours, seminars and events on week days (seminars on holidays will be under consideration). The TSE is also planning to make comprehensive efforts such as encouraging its employees to take vacations in the summer, introduction of summer hours (moving forward of working hours(*)) and SETSUDEN biz (cool biz revised for saving power).
Source: TSE
April 17, 2011--The Assets under Management (AUM) for Gold Exchange Traded Funds (Gold ETFs) has jumped nearly three-fold to Rs 4,400 crore during the last fiscal, which shows that appetite for buying virtual gold is slowly gaining popularity among domestic investors.
The assets under management (AUM) for Gold ETFs has grown to Rs 4,400 crore as on March 31, 2011, as compared to Rs 1,590 crore on the same day last year, according to data compiled by the Association of Mutual Funds in India (AMFI).
Source: Business Line
April 17, 2011--China's central bank said on Sunday that it would raise lenders' required reserves by 50 basis points, the seventh time since October.
The move increases the required reserve ratio for the country's biggest banks to a record 20.5%, another step in the government’s campaign to absorb liquidity and control inflation.
Source: FIN24
April 15, 2011--China has imposed strict price controls on basic consumer items and is expected to allow faster appreciation of its currency in the coming months after annual inflation in the country reached its highest level in nearly three years in March.
In a speech this week to the governing State Council, Chinese Premier Wen Jiabao said Beijing would, along with other policy measures, “further improve the yuan exchange rate mechanism and increase yuan exchange rate flexibility to eliminate inflationary monetary conditions”.
Source: FT.com
April 15, 2011--China is taking baby steps to develop its hedge fund industry as domestic money managers rush to roll out products armed with the country's one-year-old derivatives market, creating a fertile ground for its own version of industry legends George Soros or John Paulson.
More hedging tools and growing demand from its nearly half a million millionaires will fuel China's home-grown hedge funds, boosting the prospects for the $380 billion asset management industry in the world's second largest economy, home to the second highest number of the rich in Asia.
Source: Reuters
