Sign up | Log in



Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs 17 January 2013

ASEAN Equity Preview

Germany's economy shrank at the fastest pace in almost three years in the final part of 2012, and data on Wednesday showed demand for new cars in Europe fell in December to the lowest level since 1995.

More overseas investors were allowed to enter China's stock markets last year amid the country's efforts to open up its financial sector, latest data has showed.

China granted qualified foreign institutional investors (QFIIs) licenses to 72 new foreign investors in 2012, a record since the start of the scheme in 2002, according to figures released Tuesday by the China Securities Regulatory Commission.

China approves more QFIIs in 2012

The number was up from 29 in 2011, 13 in 2010 and 19 in 2009.

Foreign institutions are allowed to buy Chinese shares mainly through two programs -- QFII and RMB QFII, as foreign individuals are barred.

China could increase 10-fold the quota for foreign investors putting money into its stock markets, as the two programs together account for "just 1.5 or 1.6 percent" of its A-share market, CSRC Chairman Guo Shuqing Monday told an economic forum in Hong Kong.

The country has been taking steps to attract more long-term overseas funds. In April, the CSRC raised the investment ceiling for QFIIs to $80 billion from $30 billion.

In July, it eased restrictions on foreign investors by allowing qualified institutional investors to hold up to 30 percent of shares in any domestically listed company, up from 20 percent.

Total QFII quotas reached $37.44 billion between 2002 and 2012, according to the data.

Yesterday in Asia

Tokyo ended 2.56 percent, or 278.64 points, lower at 10,600.44 and Shanghai slipped 0.70 percent, or 16.18 points, to 2,309.50.

Seoul dropped 0.32 percent, or 6.29 points, to 1,977.45 and Hong Kong was off 0.10 percent, or 24.52 points, to 23,356.99. But Sydney put on 0.46 percent, or 21.8 points, to close at 4,738.4.

– Wellington fell 0.04 percent, or 1.72 points, to 4,169.23.

Air New Zealand was down 1.16 percent at NZ$1.28, Contact Energy lost 0.58 percent to NZ$5.16 and Fletcher Building was up 0.11 percent at NZ$8.89.

– Taipei slipped 0.83 percent, or 64.59 points, to 7,700.43.

Taiwan Semiconductor Manufacturing Co. shed 1.29 percent at Tw$99.2 while leading smartphone maker HTC was 0.52 percent higher at Tw$289.0.

– Manila retreated 0.66 percent, or 40.15 points, to 6,047.52.

Top-traded Philippine Long Distance Telephone Co. fell 0.37 percent to 2,698 pesos while rival Globe Telecom dropped 0.27 percent to 1,092 pesos.

– Singapore closed up 0.39 percent, or 12.43 points, to 3,208.50.

DBS Bank fell 0.14 percent to Sg$14.36 while Singapore Airlines gained 0.09 percent to Sg$11.08.

– Jakarta ended up 0.23 percent, or 10.14 points, to 4,410.96.

Retailer Hero Supermarket jumped 5.49 percent to 4,800 rupiah and food manufacturer Indofood Sukses Makmur rose 1.65 percent to 6,150 rupiah.

– Bangkok lost 0.47 percent, or 6.72 points, to 1,416.14.

Oil company PTT added 0.30 percent to 336 baht, while coal producer Banpu dropped 1.49 percent to 396 baht.

– Mumbai slid 0.85 percent, or 169.19 points, to 19,817.63.

Mobile phone firm Reliance Communications slid 5.93 percent to 80.95 rupees while private aluminum producer Hindalco fell 4.38 percent to 123.4.

Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

Live Trading News
Thomson Reuters
Knightsbridge Law
Heffernan Capital Management
Heffernan Shipping

Chinese Society of Economists
American Economic Society
Linda Johnson, Business Development Director - Private Client Group, Heffernan Capital Management
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408 Fax: +65 6329 9699
Email :
New York 347 5th Avenue, Suite 1402-508 NY, NY 10016


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 

Today's  Stories    16 January 2013   
Subsribe Now !
• Asean market power draws Japan PM’s visit   Subcribe: Asean Affairs Global Magazine
• Malaysian Telco expected to bid in Myanmar Asean Affairs Premium
• Thailand to care for Myanmar minority refugees
• Philippines backs Brunei’s code of conduct for disputed seas
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Floods, landslides hit regions across Indonesia
• From 1976 to 1985, Filipinos refugees get shelter in Malaysia
 • Philippines' company acquires Spanish brandy firm
Asean Analysis              16 January  2013      Advertise Your Brand
• Asean Analysis- January 16, 2013  
• Asean Weekly- January 11, 2013 Sponsor Our Events

Asean Stock Watch      18  January  2013    

• Asean Stock Watch- January 18, 2013
• Asean Stock Watch- January 17, 2013

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand