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Patturaja Murugaboopathy

Overseas buying in Asian equities jump to a three-year high in 2019

07 Jan 2020

Foreign flows into Asian equities turned positive in 2019 due to diminished fears about a Sino-U.S. trade war and a fall in U.S. interest rates, and analysts expect a recovery in regional economies to help keep the inflows coming in 2020.

Overseas buying in Asian equities jump to a 3-year high in 2019

07 Jan 2020

Jan 7 Foreign flows into Asian equities turned positive in 2019 due to diminished fears about a Sino-U.S. trade war and a fall in U.S. interest rates, and analysts expect a recovery in regional economies to help keep the inflows coming in 2020.

Emerging market stocks were laggards in the past decade

26 Dec 2019

Despite a strong start to this decade in 2010, emerging market stocks underperformed developed market peers and were weighed down by events such as the Chinese market sell-off, debt crises in Turkey and Argentina and the Sino-U.S. trade war.

Indian IPOs fall to four-year low as economy falters

26 Dec 2019

Indian initial public offerings tumbled to a 4-year low by value in 2019 as the economy slowed, but some analysts are hoping for better in 2020 on the back of potential government reforms likely to boost stock markets.

Overseas investors turn net sellers of Asian equities in November

10 Dec 2019

Foreigners turned net sellers of Asian equities in November amid mixed signals on whether the United States and China were getting closer to reaching a preliminary trade deal.

Overseas investors turn net sellers of Asian equities in November

10 Dec 2019

Dec 10 Foreigners turned net sellers of Asian equities in November amid mixed signals on whether the United States and China were getting closer to reaching a preliminary trade deal.

What trade war? Chinese companies wow with third quarter report card

19 Nov 2019

BENGALURU The top 200 Chinese companies spanning consumer, technology, industrial, property and financial industries reported September quarter earnings well ahead of market expectations, setting them up for a strong showing next year, analysts said.

India's passive funds set to beat active funds for second year

13 Nov 2019

India's passive index-tracking equity funds are set to beat their active stock-picking counterparts in returns for a second successive year as fund managers grapple with volatility and the challenges of outperforming benchmark indexes.

Asian equities see biggest foreign inflow in 6 months in October

08 Nov 2019

Nov 8 Foreign investors stepped up buying in Asian equities in October as risk sentiment improved on signs that China and the United States were closer to an interim trade deal, soothing concerns about a slowdown in the region.

EM ASIA FX-Most Asian currencies firm on dollar weakness, trade hopes

17 Oct 2019

(Adds text, updates prices) By Patturaja Murugaboopathy Oct 17 Most Asian currencies strengthened on Thursday due to overnight weakness in dollar after a fall in U.S. retail sales, while lingering hopes of a Sino-U.S. trade deal also lent support to the export-reliant regional units. The Taiwanese dollar led the gains in the region, followed by the South Korean won and the Malaysian ringgit. "We still see some net risk-on sentiment supporting the Asian currencies in general. We have positive news coming out from Brexit. And in Asia, regarding the Sino-U.S. trade situation, it is still very much on the holding pattern," said Terence Wu, a currency strategist at OCBC Bank. "Even though people are starting to reach some suspicions over whether a deal will be signed eventually in the APAC meeting, at this point there are no clear signals that it is breaking up." The dollar index was trading flat at 98.005, hovering near a four-week low of 97.898 it touched in the previous session. Analysts said regional currencies also firmed on rising expectations on an interest rate cut by the U.S. Federal Reserve this month. The bets further strengthened after data released on Wednesday showed U.S. retail sales falling for the first time seven months in September. Indian rupee and the Indonesian rupiah,the two high yielding currencies, also strengthened on the day due to a sharp fall in U.S. bond yields. On the other hand, China's yuan edged lower against the U.S. dollar after the central bank set a weaker daily reference rate for the currency. INDIAN RUPEE The Indian rupee rose 0.16% against the dollar on Thursday helped by weaker oil prices, lower U.S. bond yields and strong domestic equities. However, some analysts said falling real yields of Indian bonds could affect the rupee, along with other concerns such as fiscal deficit and lower liquidity in the banking system. India's real yields have fallen nearly 200 basis points since the start of this year, according to Refinitiv data. Real yields are nominal yields adjusted for inflation. "Rupee could suffer the double whammy of growth dent as well as pressures from capital pulling out of equities in response to downbeat growth prospects," said Vishnu Varathan, head of economics and strategy for Mizuho Bank in Singapore in a note. The following table shows rates for Asian currencies against the dollar at 0513 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0513 GMT Currency Latest Previou Pct bid s day Move Japan yen 108.75 108.75 +0.00 0 Sing dlr 1.369 1.3700 +0.11 Taiwan dlr 30.664 30.722 +0.19 Korean won 1186.4 1187.8 +0.12 00 Baht 30.365 30.39 +0.08 Peso 51.420 51.51 +0.18 Rupiah 14160. 14164 +0.03 000 Rupee 71.400 71.44 +0.05 Ringgit 4.186 4.1935 +0.18 Yuan 7.098 7.0950 -0.04 Change so far in 2019 Currency Latest End Pct bid 2018 Move Japan yen 108.75 109.56 +0.74 0 Sing dlr 1.369 1.3627 -0.42 Taiwan dlr 30.664 30.733 +0.23 Korean won 1186.4 1115.70 -5.96 00 Baht 30.365 32.55 +7.20 Peso 51.420 52.47 +2.04 Rupiah 14160. 14375 +1.52 000 Rupee 71.400 69.77 -2.28 Ringgit 4.186 4.1300 -1.34 Yuan 7.098 6.8730 -3.17 (Reporting By Patturaja Murugaboopathy; Editing by Rashmi Aich)

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