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Hong Kong-Shanghai trade link disappoints on day two HONG KONG: Investors largely turned away from the link-up between the Hong Kong and Shanghai stock exchanges Tuesday, a day after it launched to much fanfare and ambitions for billions of dollars in daily cross-border transactions.Officials have trumpeted the Shanghai-Hong Kong Stock Connect as opening up China's closeted stock markets to the outside world and giving mainlanders a chance to enter the lucrative Hong Kong exchange.But the second day of trading has proved a damp squib, with China-based investors buying little more than three percent of their daily allowance of Hong Kong shares by the break, while Hong Kong dealers picked up only a fifth of their Shanghai quota.The launch day was also disappointing. While Hong Kong investors had exhausted their daily allowance of Shanghai shares two hours before the end of trade, mainlanders used up less than 20 percent of their quota by the close.The weak uptake was reflected ...

Japan shares rebound after US megadeals, dollar steady TOKYO: Japanese shares led a tentative recovery in Asian markets on Tuesday, drawing some support from two US blockbuster acquisitions and anticipation of more European monetary stimulus. A day after shock data showing Japan slipping into recession had rattled financial markets, Japan's Nikkei rose 1.7 percent, erasing about a half of Monday's 3.0 percent fall. Prime Minister Shinzo Abe is expected to announce later in the day that he is calling a snap election, banking ...

Hong Kong, China stocks ease on profit-taking after stock connect launch HONG KONG/SHANGHAI: Hong Kong and China shares fell on Tuesday for a second consecutive day after the debut of the landmark Hong Kong-Shanghai trading link as investors continued to lock in profits in stocks that had risen sharply ahead of the launch. The Hang Seng Index lost 177.33 points, or 0.75 percent, to 23,619.75 at midday. The China Enterprises Index of top Chinese listings in Hong Kong fell 1 percent. The Shanghai Composite Index dropped ...

Australia shares hit 3 week lows, iron ore miners slump SYDNEY: Australian shares ended at their lowest in over three weeks on Tuesday with further declines in iron ore prices taking a heavy toll on some miners. The S&P/ASX 200 index slipped 0.2 percent, or 12.8 points, to 5,399.7, extending Monday's 0.8 percent fall. Junior iron ore miner BC Iron led the losers, slumping 10.3 percent to A$0.655. Fortescue Metal Group skidded 6.6 percent to A$2.97. Benchmark iron ore spot prices plumbed their lowest since ...

Vietnam index most flat, most blue-chips unchanged HANOI: Vietnam's benchmark VN Index edged up 0.1 percent by midday on Tuesday on some buying but most major stocks stood unchanged, including energy firms, producers and banks.A total of 78.9 million shares changed hands in the morning session, compared with the five-day average of 124.3 million shares, Reuters data showed.Shares of PetroChina Gas, Vietnam's largest listed firm by market value, remained unchanged at 104,000 dong ($4.87) each.Top dairy product maker Vinamilk, the second-biggest listed ...

Hong Kong stocks down 0.75pc at lunch HONG KONG: Hong Kong stocks ended the morning session 0.75 percent lower Tuesday, despite a record close on Wall Street, as enthusiasm for the new exchange link-up with Shanghai remained subdued.The benchmark Hang Seng Index fell 177.33 points to 23,619.75 on turnover of HK$38.92 ($5.02 billion).In mainland China the benchmark Shanghai Composite Index dropped 0.41 percent, or 10.25 points, to 2,463.76.But the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.16 ...

Tokyo stocks up 1.68pc by break TOKYO: Tokyo stocks rose 1.68 percent Tuesday morning on bargain-hunting after tumbling a day earlier in response to data showing the Japanese economy had slumped into recession.The Nikkei 225 index at the Tokyo Stock Exchange, which lost almost three percent on Monday, was up 285.17 points at 17,258.97 by the break. The Topix index of all first-section shares gained 1.60 percent, or 21.88 points, to 1,388.01."Monday's gross domestic product data offered investors the biggest event-driven ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln