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Asia

This tag is associated with 33 posts

16 April 2019 (AFR) – Another warning is flashing on Asia’s 11 per cent stockmarket rally

(16 April 2019, AFR, p29, Divya Balji) ‘The wall of worry surrounding Asia’s double-digit stock market growth this year just got another impetus: equity ETFs inflows have dwindled. Despite a 9 per cent increase to $US502 billion ($700 billion) in assets under management for Asia equity exchange-traded funds so far this year, net inflows have … Continue reading

15 Jan 2019 (AFR) – Indonesia resurgence gathers pace as global investors pile in

(15 January 2019, AFR, p27, by David Finnerty) ‘The return of yield-hungry investors signals the worst may be over for Indonesia. Global funds are piling back into Asia’s bellwether for emerging markets, buying $US795 million ($1.1 billion) of debt so far this year and sending yields down about 90 basis points from their October peak … Continue reading

3 Dec 2018 (AFR) – What the looming US recession means for Asia

(3 December 2018, AFR, p13, By Adam Trigg) ‘Signals that predict US recessions are far from perfect. But what is striking is just how many of them are now flashing red. A US recession is a question of when, not if. Across the indicators, a recession around 2020 is more likely than not. This will … Continue reading

12 Oct 2018 (AFR) – Are you ready for Asia’s next financial crisis? – Is the global safety net ready?

(12 October 2018, AFR, p13, by Adam Triggs) ‘ “Brighter prospects, optimistic markets, challenges ahead.” That was the title of the IMF’s World Economic Outlook update in January this year. How quickly things have changed. Since that report was published, turbulence, volatility and crises have dominated the economic landscape. Argentina is in crisis. Turkey is … Continue reading

13 Sept 2018 (TheAge) – ‘Massive damage’: monster storms to slam into east coasts of US, China

(13 September 2018, The Age, p12, by Peter Hannam) ‘A surge in storm activity in the northern hemisphere has spawned “monster” Hurricane Florence in the North Atlantic, super Typhoon Mangkhut in the north-west Pacific and a string of other dangerous tropical tempests. More than a million people have been ordered to be evacuated along a … Continue reading

20 Dec 2017 (AFR) – India one of few bright spots for coal outlook: IEA

(20 December 2017, AFR, p24, by Angela Macdonald-Smith) ‘India, Pakistan and south-east Asia are the only bright spots for coal demand over the next five years amid a bleak outlook elsewhere that creates an overall stagnant market, the International Energy Agency has declared in its latest coal outlook. Despite huge growth in renewable energy, India … Continue reading

4 Apr 2017 (AFR) – Solid Asia factory growth caps strong first quarter

(4 April 2017, AFR, p12, by Saikat Chatterjee) ‘Factories across much of Asia posted another month of solid growth in March, rounding off a strong quarter for the world’s manufacturers, even as exporters fear a rise in US protectionism could snuff out a global trade recovery. China again led the way, with an official manufacturing … Continue reading

21 Nov 2016 (AFR) – Mining shares and Asian equities part ways, time to buy the dip says Deutsche

[NOTE: This is not advice of any sort. Always consult a properly trained and license professional to determine if any investment is appropriate.] (21 November 2016, AFR, p20, by Jessica Sier) ‘Mining and Asian equities generally track in tandem, thanks to their reliance on China, however since the United States election these two asset classes … Continue reading

2 Mar 2016 (TheAge) – LNG producers face ‘power shift’ as buyers gain upper hand

(2 March 2016, The Age, BusinessDay, p27, Angela Macdonald-Smith, Energy Reporter, View more articles from Angela Macdonald-Smith) ‘Buyers are rapidly gaining the upper hand in Asia’s oversupplied liquefied natural gas market, dragging down prices and forcing producers to rethink expectations for long-term sales contracts that have underpinned Australia’s LNG construction boom.’ Read more at TheAge.com.au

7 Jan 2016 (TheAge) – Asian clouds hang over sharemarket – Yuan’s slide, Korean nuclear test

(7 January 2016, The Age, BusinessDay, p19, Stephen Cauchi) ‘A slide of China’s yuan to five-year lows against the US dollar, coupled with jitters following North Korea’s latest nuclear test put the skids under financial markets throughout the Asia-Pacific region Wednesday, with little optimism of a quick revival in sentiment. The sustained declines have wiped $50 … Continue reading

6 Oct 2015 (AFR) – World Bank trims 2015, 2016 East Asia forecasts, cites China, US rate risks

(6 October 2015, AFR, p11, by Masayuki Kitano) ‘The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from expected increases in US interest rates. The Washington-based lender now expects the developing … Continue reading

24 Sept 2015 (AFR) – Asian banks prepare for possibility of China’s financial contagion

(24 September 2015, AFR, p35, by Karen Maley ) ‘Will the growing strains in China’s financial system cause problems for Asia’s big lenders? As China’s economy continues to slow, and the problems of widespread industrial overcapacity become more glaring, investors are increasingly focusing on the potential for financial contagion to banks in the Asian region.’ … Continue reading

29 Aug 2015 (AFR) – Asia extends stocks rally as upbeat US GDP calms nerves

(29 August 2015, AFR, p12, by Nichola Saminather and Lisa Twaronite) ‘Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week.’ Read more at AFR.com (might need AFR login access)

27 Aug 2015 (AFR) – Look forwards not backwards for Asia’s next financial crisis

(27 August 2015, AFR, p10, by Greg Earl ) ‘China’s financial market turmoil has produced a wave of warnings that we are about to experience a case of history repeating itself with a round of contagion like that which produced the 1997 Asian financial crisis. But anyone worried about the future of Asia would be … Continue reading

9 July 2015 (TheAge) – ASX knocked in $500b regional rout – China panic feeds into Australian sharemarket

[COMMENT: Wondering exactly what’s happening in the markets? This sheds a little light on it.] (9 July 2015, TheAge, BusinessDay, p21, Vanessa Desloires and Stephen Cauchi) ‘Australian investors were caught up in a $500 billion region-wide selloff as the storm besetting Chinese markets deepened and key commodity prices fell. The benchmark S&P/ASX 200 index plummeted 2 per … Continue reading

10 June 2015 (AFR) – MERS threat rattles Asia – Korea’s neighbours

(10 June 2015, AFR, p10, by Ju-min Park and James Pomfret) ‘Hong Kong has issued a red alert against non-essential travel to South Korea where eight new cases of Middle East Respiratory Syndrome (MERS) were reported, bringing the total to 95 with seven fatalities. The number of new Korean cases reported on Tuesday was a sharp … Continue reading

14 Mar 2015 (AFR) – Asia rush to cut rates may not be fast enough to avert deflation

(14 March 2015, AFR, p12, by Neil Gough) ‘Central banks across Asia are racing to cut interest rates, but they may not be doing it fast enough to stave off economic malaise. The problem is weak inflation. Policy makers appear to have been surprised by how slowly prices are rising, and the slowdown is starting … Continue reading

18 Feb 2015 (AFR) – ANZ’s Smith predicts tougher year as global growth slows – after ANZ hits stumbling block in Asia

(18 Feb 2015, AFR, p13, Clancy Yeates) ‘ANZ Bank chief executive Mike Smith says the lender faces a tougher environment in 2015, after key businesses driving its push into Asia were hit by tumbling commodity prices and a surprise drop in trading revenue. Investors punished the country’s third largest bank after it unveiled a soft … Continue reading

10 Jun 2014 (AFR) – Japan growth picks up more than estimated on investment

(10 June 2014, AFR, p13, Keiko Ujikane) ‘Japan’s economy grew at a quicker pace than estimated in the first quarter, as business spending increased more than previously reported.’ ‘Gross domestic product grew an annualized 6.7 per cent in the first three months of the year, the Cabinet Office said in Tokyo Monday, faster than a … Continue reading

2 Apr 2014 (AFR, Nouriel Roubini) – How global risk is changing

(2 April 2014, AFR, p47, Nouriel Roubini) ‘The world’s economic, financial and geopolitical risks are shifting. Some risks now have a lower probability – even if they are not fully extinguished. Others are becoming more likely and important. A year or two ago, six main risks stood at centre stage:…’ <snipped…> ‘For starters, there is … Continue reading

30 Jan 2014 (AFR) – Asian buyers spur record Christie’s auction sales

(30 Jan 2014, AFR, p13, Josh Friedman) ‘A boom in purchases of contemporary art and demand from Asia has led to a 16 per cent rise in sales of art and ­collectibles for Christie’s. The auction house sold £4.54 billion ($8.55 billion) of art and collectibles in 2013, a record for the company for the fourth straight year, … Continue reading

25 Sept 2013 (AFR, Fin Times) – Asia welcomes ongoing liquidity but needs to control its debt

(25 Sept 2013, AFR, p19, and Financial Times, Henny Sender) ‘After the Federal Reserve announced its decision not to begin selling securities, UBS sent a note to clients declaring: “Hooray! Nothing Has Changed!”. Meanwhile, Deutsche Bank put out a piece of celebratory research citing the fact that “liquidity will be ample and cheap for longer”.’ … Continue reading

12 Sept 2013 (AFR and Fin Times) – Asian groups struggle with end of cheap money

(12 Sept 2013, AFR, p27, and Financial Times, Henry Sender) ‘Few companies have hedges against strengthening dollar.’ ‘Hong Kong-based hedge fund Senrigan Capital is suing Thailand’s Charoen Pokphand Group over the compensation it says it is owed as a shareholder in Siam Makro, a Thai retailer that CP is acquiring. The dispute revolves around the … Continue reading

2 Sept 2013 (AFR, FinTimes and more) – BiiTS – Rise of acronym anxiety a sure sign of market worry

(2 Sept 2013, AFR, p22, Financial Times, John Authers, and Gordon T Long) ‘Acronym anxiety is here. It is a clear sign of worry when brokers start to produce acronyms to encapsulate negativity. The emergence of “Piigs” (Portugal, Ireland, Italy Greece and Spain) was one of the first symptoms of the budding crisis on the … Continue reading

23 Aug 2013 (AFR) – India sinks under waves of state panic as risk capital retreats

(23 August 2013, AFR, p24, David Pilling and Financial Times) The dithering state is at the heart of India’s problems ‘Rather than soothing investors’ nerves, the central bank’s stop-start measures have the whiff of panic.’ ‘Not long ago it became fashionable to liken India to a tortoise, poised, by virtue of its democratic institutions and … Continue reading

22 Aug 2013 (AFR) – Rough ride for India, Indonesia amid capital flight

(22 August 2013, AFR, p30, Jason Murphy) ‘Weak economic growth, sliding sharemarkets and tumbling currencies have raised investors’ fears about India and Indonesia but regional experts are talking down the potential of a repeat of the 1997-98 Asian financial crisis. In the past month, India’s sharemarket has fallen 10 per cent, its currency has dropped 7 per … Continue reading

22 Aug 2013 (AFR) – Fleeing investors fear India may need to ask IMF for help

(22 August 2013, AFR, Karen Maley) ‘Will India need to call in the International Monetary Fund? That’s the question troubling investors after a wave of selling by foreign investors has sent Indian markets, and its currency, sharply lower.The rupee hit a record low of 64.11 to the US dollar on Wednesday, before recovering to trade … Continue reading

22 Aug 2013 (AFR, FTimes) – Ghosts of ’90s financial crisis reawakened by Asia’s debt problems

(22 August 2013, AFR, p26, Josh Noble, and Financial Times) Asia’s debt conundrum reawakens ghosts of 1990s crisis ‘When China unleashed the largest stimulus package in its history in response to the 2008 crisis and slowing export markets in the west, it came at a price. Today China is grappling with a bill that some … Continue reading

21 Aug 2013 (AFR) – Funds flow to US as Asia slumps

(21 August 2013, AFR, p9, Shamim Adam and Kevin Hamlin) ‘Asia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars. The Indian rupee fell to a record low this week, Thailand is in recession and Indonesia’s widest current account ­deficit pushed the rupiah … Continue reading

21 Aug 2013 (AFR) – Asian crisis fear sends capital fleeing for safety

(21 August 2013, AFR, p1, Vesna Poljak) ‘Emerging economies have been hit by huge withdrawals of money flowing back to US shares and other safe havens in a flight of capital triggered by the threat of an Indian crisis and instability in Asia. US Treasury yields hit a two-year high and India’s currency plummeted to a … Continue reading