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October 16, 2012
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  Top Stories 
  • China's inflation rate eases
    Annual inflation eased to 1.9% in China last month, pulling back from a 2% rate in August and tamping down inflation fears while deepening concerns over the slowing economy. Separately, a private survey indicated Chinese consumer confidence was down in September due to the overall economic situation as well as factors associated with the traditional Mid-Autumn Festival. Channel NewsAsia (10/15) , China Daily (Beijing) (10/15) , China Daily (Beijing) (10/15) LinkedInFacebookTwitterEmail this Story
  • Asian markets turn eyes from China to an uncertain world
    Asian markets are shifting their attention back to the global economy from China as they realize anew that the region remains highly dependent on exports. Meanwhile, China's tame inflation level and robust exports in September are relieving Beijing of any need to take immediate action. CNBC (10/15) LinkedInFacebookTwitterEmail this Story
  • Japan's Softbank agrees to buy 70% of Sprint in U.S.
    In what would be the biggest overseas acquisition by a Japanese company since at least 2000, Softbank has agreed to buy a 70% stake in Sprint Nextel of the U.S. for US$20.1 billion. The move by the Japanese mobile phone operator is seen as a bid by Softbank to extend its growth in the U.S. market, where mobile phone sales are still rising, in preference to the saturated Japanese market. Bloomberg (10/15) LinkedInFacebookTwitterEmail this Story
  • U.S. economy is looking up with higher retail sales, lower inventories
    U.S. retail sales climbed at a faster pace than expected in September after a slower gain in business inventories in August, with both figures adding to recent signs of recovery and a brighter outlook for the final months of the year. "This is a good end of [the] third quarter, and we have some good momentum to the fourth quarter," said Craig Dismuke, an economic strategist at Vining Sparks in Memphis, Tenn. Reuters (10/15) , Bloomberg (10/15) LinkedInFacebookTwitterEmail this Story
  • Economists see a subdued 2013 for U.S.
    With the so-called fiscal cliff in mind, business economists tempered their U.S. growth forecast for 2013 with a projection of 2.4% while pegging this year's growth at 1.9%. Although the economists discount the worst scenarios for the cliff, they do see a continued tendency among consumers to rein in spending. Bloomberg (10/15) LinkedInFacebookTwitterEmail this Story
  • Merkel switches tone on Greece
    German Chancellor Angela Merkel is echoing remarks by her finance minister that Greece will not go bankrupt or be forced to leave the euro. The more conciliatory line -- which may include giving Greece an additional two years to meet its obligations -- reflects a switch in political priorities from ensuring hard-line backing domestically to a stance more sensitive to international developments ahead of U.S. elections and in response to International Monetary Fund calls to forgive part of Greece's debts. Reuters (10/15) LinkedInFacebookTwitterEmail this Story
Fund Management: An Emotional Finance Perspective
by David Tuckett and Richard J. Taffler, Research Foundation Publications (August 2012)
To increase understanding of the real world of the fund manager, the authors apply principles from emotional finance.
  Market Activities 
  • Japanese shares gain as other Asian markets retreat
    Asian shares generally declined Monday with the exception of Japan, where the Nikkei advanced for the first time in five sessions on the strength of shares of companies exporting to China. The Nikkei added 0.51% to 8,577.93, the Hang Seng edged up 0.06% to 21,148.25, the Kospi was down 0.40% to 1,925.59 and the S&P/ASX lost 0.07% to 4,483.40. Bloomberg Businessweek (10/15) LinkedInFacebookTwitterEmail this Story
  Economic Trends & Outlook 
  • Doubts are expressed over S. Korea's ability to handle economic crisis
    Political factors in South Korea will inhibit the government's ability to take strong measures to deal with challenges in the domestic economy and in the export sector flowing from the ongoing eurozone crisis, economists say. "For Korea, it would not be easy for policymakers to take countermeasures against the external factors such as through monetary easing amid political uncertainty from the upcoming presidential election," one economist observed. The Korea Herald (Seoul) (10/15) LinkedInFacebookTwitterEmail this Story
  Capital Markets & Financial Products 
  • Foreign institutional investors look to boost China A-share exposure
    China's A-share market is seeing more interest from foreign institutional investors, with more than 30 boosting their investments or recently applying to do so, reports People.cn. The new interest, generated after road shows by the principal Chinese exchanges, reflects confidence in the long-term resilience of the Chinese market. China Daily (Beijing) (10/15) LinkedInFacebookTwitterEmail this Story
  • South Korea's pension service may turn to hedge funds
    With international markets in a cautious mode, South Korea's National Pension Service may pursue rule changes to allow it to invest in hedge funds, said CEO Jun Kwang-woo. Separately, new data reveal a growing reliance by South Korean asset managers on the NPS, with eight companies reporting more than half their assets commissioned by the pension service as of the end of June. AsianInvestor.net (10/15) , MK.co.kr (South Korea) (10/15) LinkedInFacebookTwitterEmail this Story
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