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ASEAN STOCK WATCH Asean Affairs 12 March 2013 

ASEAN Market Preview

ASEAN Markets will open higher, but today is a day to be banjing profits, over night the US markets showed signs of a looming correction.

Tokyo rose 0.53 percent, or 65.43 points, to 12,349.05, while Sydney added 0.46 percent, or 23.5 points, to 5,146.9—its highest close since September 2008.

Seoul eased 0.13 percent, losing 2.66 points to close at 2,003.35, while Shanghai lost 0.35 percent, or 8.02 points, to end at 2,310.59 and Hong Kong was flat, dipping 1.13 points to 23,090.82.

– Taipei rose 0.29 percent, or 23.58 points, to 8,038.72.

Fubon Financial Holding added 2.33 percent to Tw$44.0, while MediaTek was 0.57 percent higher at Tw$350.0.

– Manila slipped 0.29 percent, or 19.82 points, to 6,813.95.

SM Investments Corp. fell 0.27 percent to 1,097 pesos, while Philippine Long Distance Telephone Co. slipped 0.8 percent to 2,970 pesos.

– Wellington closed up 0.29 percent, or 12.55 points, at 4,366.58.

Telecom added 2.77 percent to NZ$2.42, Chorus rose 0.34 percent to NZ$2.91 and Fletcher Building was down 0.43 percent at NZ$9.26.

– Singapore rose 0.10 percent, or 3.44 points, to close at 3,292.97.

Singapore Telecom gained 1.16 percent to Sg$3.49 while DBS Bank dropped 0.19 percent to Sg$15.46.

– Jakarta ended down 20.18 points, or 0.41 percent, at 4,854.31.

Auto manufacturer Astra International dropped 3.01 percent to 8,050 rupiah and tin producer Timah slipped 2.67 percent to 1,460, while paper maker Pabrik Kertas Tjiwi Kimia gained 2.35 percent to 2,175.

– Bangkok added 0.68 percent, or 10.73 points, to 1,577.65.

Coal producer Banpu dropped 0.51 percent to 390 baht and PTT rose 2.39 percent to 343 baht.

– Kuala Lumpur shares gained 4.0 points, or 0.24 percent, to close at 1,657.96.

Felda Global Ventures Holdings rose 3.7 percent to 4.77 ringgit, while Hong Leong Financial Group added 2.9 percent to 15.06.

– Mumbai was down 0.19 percent, or 37.02 points, to 19,646.21 points.

Tata Steel closed down 0.77 percent at 301.40 rupees while outsourcer Infosys was down 0.82 percent at 2,945.75 rupees.

Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

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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






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