HANOI, Dec 3 (Reuters) - Stock exchanges in Singapore, Malaysia and Thailand delayed a plan to set up electronic trading links to attract investment and raise liquidity, saying it would be done in 2012.
The plan, set to be finalised this year, will be joined byexchanges in the Philippines, Indonesia and Vietnam at a later date. The proposal to launch cross-border trading was initially set to be in place in 2010, but has already been delayed for reasons such as the development of a new platform.
Singapore Exchange and Bursa Malaysia will link up in June 2012, followed by Thailand in August, a joint statement said after the heads of the seven stocks exchanges met in Hanoi on Friday.
The Philippines will come in at a later date while Indonesia and two markets in Vietnam will announce their participation pending approval from their regulatory bodies, according to the statement issued late on Friday.
The meeting also agreed to launch the ASEAN Trading Link in June 2012, it added. The 10-country Association of South East Asian Nations (ASEAN) wants to establish an economic community modelled on the European Union by 2015 and the market venture will support one of its aims, allowing capital to move more freely between states.
The ASEAN Trading Link is aimed to electronically interconnect the participating markets and facilitate cross-border order trading seamlessly. The seven exchanges of Southeast Asian have a combined capitalisation of about $2.4 trillion and were the darlings of emerging market investors in 2010.
Source: Yahoo
Saturday, December 3, 2011
Thursday, December 1, 2011
Trading Hours on Christmas Day and New Year's Day
and
New Year's Day (Jan.1, 201x)
| Stock Exchange | Closing Hour (at local time) |
| Australia | Closed on Christmas Day and New Year's Day * |
| China | Trading as usual on Christmas Day * but closed on New Year's Day |
| Hong Kong | Closed on Christmas Day and New Year's Day * |
| India | Closed on Christmas Day and New Year's Day* |
| Indonesia | Closed on Christmas Day and New Year's Day * |
| Japan | Trading as usual on Christmas Day * but closed on New Year's Day |
| Malaysia | Closed on Christmas Day and New Year's Day * |
| New Zealand | Closed on Christmas Day and New Year's Day * |
| Philippines | Closed on Christmas Day and New Year's Day |
| Singapore | Closed on Christmas Day and New Year's Day * |
| South Korea | Closed on Christmas Day and closed on New Year's Day |
| Taiwan | Trading as usual on Christmas Day * but closed on New Year's Day |
| Thailand | Trading as usual on Christmas Day * but closed on New Year's Day |
| Vietnam | Trading as usual on Christmas Day * but closed on New Year's Day |
* Note:
Since Christmas is not an official holiday in some Asians' countries like China, India, Japan, South Korea, Taiwan, Thailand and Vietnam. Therefore, trading hours will be traded as usual on Christmas Day for these countries unless this day falls on weekend.
* Note: For Asians' countries (see above) celebrate Christmas Day and New Year's Day, if these days fall on Sunday, then the following day (e.g. Monday) will be closed.
Thursday, October 13, 2011
Indonesia to Reintroduce Stock Options Trading Next Year
The Indonesia Stock Exchange plans to reintroduce stock-option trading next year to lure investors as it aims to double market capitalization by 2015, according to a director at the bourse.
Options may begin as soon as the end of June, pending the completion of a new trading system and a revision to rules on derivatives, Friderica Widyasari Dewi, director of business development at PT Bursa Efek Indonesia, which runs the exchange, said in an interview.
The bourse introduced options in 2004, then shut them down in 2006 because of weak demand, Widyasari said. Trading was thin partly because the bourse capped profits on options to keep volatility in check, she said.
“We don’t want to make the same mistake again,” Widyasari said in Jakarta on Oct. 12. “We will focus on foreign investors and institutional investors, who have a need for hedging.”
New products may help the bourse, Southeast Asia's third- largest after Singapore and Malaysia with a market capitalization of $369 billion, attract more investors. Indonesia’s economy is forecast by the government to expand this year at the fastest pace since 1996, boosting demand from companies for funding.
Overseas investors bought a net $1.91 billion of Indonesian equities this year through yesterday, down from $1.96 billion in the same period last year, according to data compiled by Bloomberg.
More ...
Options may begin as soon as the end of June, pending the completion of a new trading system and a revision to rules on derivatives, Friderica Widyasari Dewi, director of business development at PT Bursa Efek Indonesia, which runs the exchange, said in an interview.
The bourse introduced options in 2004, then shut them down in 2006 because of weak demand, Widyasari said. Trading was thin partly because the bourse capped profits on options to keep volatility in check, she said.
“We don’t want to make the same mistake again,” Widyasari said in Jakarta on Oct. 12. “We will focus on foreign investors and institutional investors, who have a need for hedging.”
New products may help the bourse, Southeast Asia's third- largest after Singapore and Malaysia with a market capitalization of $369 billion, attract more investors. Indonesia’s economy is forecast by the government to expand this year at the fastest pace since 1996, boosting demand from companies for funding.
Overseas investors bought a net $1.91 billion of Indonesian equities this year through yesterday, down from $1.96 billion in the same period last year, according to data compiled by Bloomberg.
More ...
Sunday, October 2, 2011
Philippine bourse starts extended trading
MANILA, Oct 3 (Reuters) - Trades at the Philippine Stock Exchange will be extended by an hour beginning Monday, part of a two-phase programme by the bourse as it prepares to link up with other Southeast Asian markets.
Trading will now run up to 1:00 p.m. [0500 GMT] in the local bourse, which has one of the shortest trading sessions in Asia. Previously, the stock market was open only for 2-1/2 hours, from 9:30 a.m. up to 12 noon [0130 to 0400 GMT], excluding a 10-minute run off period.
Trading hours will be stretched further from January 2, 2012 with trading to run up to 3:30 p.m. [0730 GMT], including a break from 12pm to 1:30 p.m. [0530 GMT].
Philippine stocks have fallen about 5 percent this year, mirroring falls in other regional equities markets, as concerns over the European debt crisis and a faltering U.S. economy prompt investors to trim risky investments in emerging markets.
Cross-border trading among Southeast Asian markets is set to be launched in March 2012. The Thai bourse , Singapore Exchange , Bursa Malaysia and the PSE are currently working to set up a regional trading network.
The 10-member Association of Southeast Asian Nations plans to transform itself into a unified trading bloc with free flow of capital by 2015.
The region also includes Indonesia, Cambodia, Brunei Darussalam, Laos, Myanmar and Vietnam. (Reporting by Erik dela Cruz; Editing by Rosemarie Francisco)
Source: Yahoo
Trading will now run up to 1:00 p.m. [0500 GMT] in the local bourse, which has one of the shortest trading sessions in Asia. Previously, the stock market was open only for 2-1/2 hours, from 9:30 a.m. up to 12 noon [0130 to 0400 GMT], excluding a 10-minute run off period.
Trading hours will be stretched further from January 2, 2012 with trading to run up to 3:30 p.m. [0730 GMT], including a break from 12pm to 1:30 p.m. [0530 GMT].
Philippine stocks have fallen about 5 percent this year, mirroring falls in other regional equities markets, as concerns over the European debt crisis and a faltering U.S. economy prompt investors to trim risky investments in emerging markets.
Cross-border trading among Southeast Asian markets is set to be launched in March 2012. The Thai bourse , Singapore Exchange , Bursa Malaysia and the PSE are currently working to set up a regional trading network.
The 10-member Association of Southeast Asian Nations plans to transform itself into a unified trading bloc with free flow of capital by 2015.
The region also includes Indonesia, Cambodia, Brunei Darussalam, Laos, Myanmar and Vietnam. (Reporting by Erik dela Cruz; Editing by Rosemarie Francisco)
Source: Yahoo
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