Asian Market and Economic News -Weekly Update 20/10/2014

Oct. 20, 2014 - PRLog -- Capetian Asset Management is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.

Asian Market and Economic News -Weekly Update 20/10/2014

Asian indexes started the week positively as news out of the US late on Friday helped placate concerns over a poorer performing global economy.

The Nikkei saw massive gains as it made up ground on the 5% it dropped last week. In intraday trading the index had made 3.4%, its largest daily gain seen in over 3 years.

Stock were in focus as the government looked amend its Pension Investment Fund. The $1.2tn fund is the largest in the world and it has just been announced that they will look to extend its local stock allocation by 25%. This is seen as a major confidence booster for Japanese investors and should look to help steady the economy as they look to see whether an additional sales tax increase, originally planned for this month, will go ahead.

News out of China was mixed. The Chinese Central Bank has confirmed that it will be releasing up to $32.5bn to several of its midsized banks. The 3 month loans, made available to 5 or 6 of the leading banks will help liquidity and should assist the slowing economy. This news came the day before key data is announced in China and many expect their growth figures to disappoint.

Protestors in Hong Kong are still occupying the streets. The disruption has been going on for well over 3 weeks and there appears to be no settlement in sight. With many of the protestors looking for a different resolutions to their plight, it is hard to see whether there could be a satisfactory outcome, at least for the protestors. Calls for the Chief Executive to resign will hold no weight and now even an open election campaign process seems out of reach.

Local Chinese indexes were cautious, only marginal gains ahead of tomorrow's big day of data.

Key Asian Market Data as of 20/10/2014:

Nikkei 15,080.46 (+3.77%)

Hang Seng 23,132.76 (+0.48%)

SSE Comp 2,350.57 (+0.40%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Capetian Asset Management. All market data within this release is for your general information and enjoys indicative status only. Capetian Asset Management does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.