Sign up | Log in



Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs 25 March 2013  

ASEAN Week Ahead

China is helping to underpin ASEAN markets as the USA and Europe sink slowly in to a quagmire of debt and taxes.

Trade between China and South-East Asia has been growing rapidly, often at 20% annually, to reach US$360bil last year.

At this rate, trade between Asean and China could reach US$500bil by 2015, just as the Asean Economic Community kicks off.

China is Thailand's second largest trading partner. Trade in 2011 hit US$64.7bil, up 22% for the year.

In the USA data will include orders for durable goods orders and pending home sales for February as well as the final reading of fourth-quarter gross domestic product.

But with the trend of economic data showing a Fed powered slow improvement in the U.S. economy, few negative surprises are expected next week.

But still US markets remain extremely overvalued at this time and a correction is well over due.

Friday ASEAN Markets were hit with EU concerns.

Tokyo tumbled 2.35 percent, or 297.16 points, to 12,338.53, while Seoul fell 0.11 percent, or 2.11 points, to 1,948.71 and Hong Kong fell 0.50 percent, or 110.58 points, to 22,225.30.

But Sydney rose 0.16 percent, or 7.9 points, to 4,967.3, although it is down three percent for the week, while Shanghai rose 0.17 percent, or 4.04 points, to 2,328.28.

– Singapore fell 0.30 percent, or 9.08 points, to close at 3,258.57.

DBS Bank dropped 0.32 percent to Sg$15.54 and Singapore Airlines climbed 0.93 percent to Sg$10.84.

– Taipei rose 0.20 percent, or 15.62 points, to 7,796.22.

Taiwan Semiconductor Manufacturing Co. was 0.71 percent lower at Tw$98.0 while leading smartphone maker HTC rose 0.42 percent to Tw$240.0.

– Manila closed 0.71 percent higher, adding 45.73 points to 6,518.71.

Ayala Corp. rose 0.18 percent to 551 pesos and BDO Unibank advanced 4.02 percent to 87.90 pesos, but Philippine Long Distance Telephone fell 0.64 percent to 2,792 pesos.

– Wellington was virtually unchanged, edging up 0.38 points to 4,342.89.

Mainfreight shed 2.7 percent to NZ$10.90, while Auckland Airport was up 1.4 percent at NZ$2.82.

– Jakarta, fell 1.66 percent, or 79.51 points, to 4,723.16.

Indocement Tunggal Prakarsa fell 3.70 percent to 22,150 rupiah, while Indofood Sukses Makmur dropped 2.04 percent to 7,200 rupiah.

– Bangkok lost 3.30 percent, or 50.55 points, to 1,478.97.

Oil company PTT fell 4.76 percent to 320 baht, while Bangchak Petroleum dropped 5.71 percent to 33 baht.

– Kuala Lumpur eased 0.24 percent, or 3.86 points, to 1,626.89.

Hong Leong Financial Group fell 1.1 percent to 14.72 ringgit while YTL Power International shed 0.7 percent to end at 1.41 ringgit. Astro Malaysia Holdings rose 1.4 percent to 2.90 ringgit.

– Mumbai fell 0.30 percent, or 57.27 points, to 18,735.6 points.

State Bank of India fell 1.71 percent to 2,083.9 rupees and Tata Steel fell 1.68 percent to 322.10 rupees


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    25 March 2013   
Subsribe Now !
• Sabah under control, claims Malaysia Subcribe: Asean Affairs Global Magazine
• Thai govt t to push for 'article by article' charter change Asean Affairs Premium
• Selangor in Malaysia key battleground in elections
• Philippine auto industry expects sales to rev up
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Vietnam trade deficit returns on lift in domestic import demand

Asean Analysis             25 March 2013   Advertise Your Brand
• Asean Analysis- March 25, 2013  
• Asean Weekly- March  22, 2013 Sponsor Our Events

Asean Stock Watch      25 March 2013        

• Asean Stock Watch- March 25,2013  

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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand