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Osaka Securities Exchange Statement Denies News Reports Of Osaka Securities Exchange And Tokyo Stock Exchange Group Merger
November 7, 2011--Today, there were news reports by some media institutions on the management integration between Osaka Securities Exchange Co., Ltd. and Tokyo Stock Exchange Group, Inc.
However, there is no factual basis regarding such decision.
Source: Osaka Stock Exchange
China urged to let renminbi weaken
November 7. 2011--China should allow the renminbi to fall when other emerging market currencies are weakening, a leading government researcher has said.
China’s central bank has talked about introducing more two-way volatility in the renminbi’s trading, but the idea of allowing outright depreciation has rarely been voiced publicly in official circles. Premier Wen Jiabao pledged last month to stabilise the exchange rate to support exporters.
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Source: FT.com
Tokyo Stock Exchange: New Listing Of First ETF Created By Sumitomo Mitsui Asset Management Company, Limited (YOURMIRAI TOPIX Asia Focus ETF)
November 4, 2011--Today, Tokyo Stock Exchange, Inc. (TSE) listed "YOURMIRAI TOPIX Asia Focus ETF" (Code: 1562; also known as "TOPIX Asia Focus ETF") created by Sumitomo Mitsui Asset Management Company, Limited (SMAM). This is the first ETF created by the company.
The underlying indicator, "TOPIX Active in Asia Index", is comprised of 25 stocks selected by TSE from TOPIX 500 components based on criteria such as market capitalization and overseas sales performance in the Asia/Oceania region.
The "YOURMIRAI TOPIX Asia Focus ETF" invests in major Japanese listed companies with high sales performance in the region. As such, the ETF will facilitate investments in companies with high growth potential in the Asia/Oceania region.
Mr. Ryoji Maeda, President & CEO of SMAM, said "We are very honored to be able to list our first ETF on the TSE market. We hope that investors will view "YOURMIRAI TOPIX Asia Focus ETF" as an opportunity to contribute to economic growth in the Asia/Oceania region through Japanese stocks. SMAM will enhance wealth management services and offer a wide variety of products that satisfy customer needs to contribute to their asset growth".
Mr. Atsushi Saito, President & CEO of TSE, commented "TSE cordially welcomes the listing of YOURMIRAI TOPIX Asia Focus ETF. In addition, we are delighted to welcome SMAM, one of Japan's leading investment management companies, to our ETF market. TSE will continue working to diversify the ETF market and improve the convenience of our market for all investors to provide financial products that would brighten the future of investors, as implied in the product name, 'YOURMIRAI' (which means 'your future' in Japanese)".
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Source: Tokyo Stock Exchange (TSE)
HKEx to Introduce Three New Stock Option Classes on 21 November
November 4, 2011--Hong Kong Exchanges and Clearing Limited (HKEx) will introduce three new stock option classes on Monday, 21 November: Anhui Conch Cement, Belle International and China National Building Material.
HKEx has invited applications for Exchange Participants interested in serving as market makers for the three new option classes.
The first table below shows contract highlights for the three new option classes. A general contract summary is posted on the HKEx website.
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Tokyo Commodity Exchange Statement On Trading Disruption On November 1, 2011
TOCOM is conducting an investigation regarding the trouble, and an announcement will be made once the cause of the problem becomes evident and more details are available.
Tokyo Commodity Exchange deeply regrets the inconveniences the trading disruption may have caused to those parties concerned. Boom in Chinese bond sales masks problems read more
Shanghai Metals Fall On Weak China October PMI Data Copper flipped into positive territory minutes after China released its official manufacturing report, as expectations that Beijing may take more measures to tackle China's slowing economy greatly boosted sentiment, analysts said. read more KRX -Evolution of derivatives
In Korea, 85 percent of exchange-traded derivatives are equity-based in terms of balance, compared to 10 percent based on interest rate and five percent on currency, as of June, 2010.
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Two purchasing managers' indexes (PMI) on China showed that the services sector expanded in October. The official PMI fell from the previous month and while the HSBC-Markit private-sector gauge rose to a four-month high, it was below the historical average.
Source:The Economic Times
November 2, 2011--Tokyo Commodity Exchange (TOCOM) halted trading session for Gold Standard, Gold Mini and Gold Options contracts at 19:17 JST on November 1, 2011 until the end of the session at 4:00 JST on November 2, due to the defect in the bid and asked price indications for Gold Market.
Having confirmed that the system trouble would not repeatedly occur and the trading session could take place safely, the Exchange commenced the day session at 9:00 JST today, as usual.
Source: TOCOM
November 2, 2011--Six years ago, China’s central bank governor Zhou Xiaochuan said the country’s corporate bond market was in a “deep coma”.
He warned that its underdevelopment posed serious risks to the mainland economy. Back then, Chinese companies were raising the equivalent of just $8bn a year from bond sales.
Source: FT.com
November 1, 2011--Base metals on the Shanghai Futures Exchange settled lower Tuesday tracking weak equities, after an initial surge following the release of China's October manufacturing data, amid overall pessimism on the global economy.
Benchmark January copper settled 0.2% lower at CNY58,300 a metric ton.
Source: Wall Street Journal
October 30, 2011--The Korean derivatives market carries pride as well as a stigma: It is the home to the world’s most liquid derivatives while it has been blamed as the “graveyard of ants” meaning losses suffered by individual investors.
While industry insiders fear the society’s indiscriminate contempt against derivatives and the potential political actions could shrink or even destroy them, the market is evolving.
Source: Korea Times
