Asian Stocks Outside Japan Fall on Fed Stimulus Comments

Asian stocks outside Japan fell after minutes from the U.S. Federal Reserve’s last meeting signaled U.S. stimulus may be reduced in coming months. Japanese stocks rose as the yen dropped.

Samsung Electronics Co., South Korea’s biggest consumer electronics maker that gets 22 percent of its revenue in America, declined 1.8 percent. Australand Property Group fell 3.9 percent in Sydney after dropping 3.4 percent yesterday as CapitaLand Ltd. sells part of its 59 percent stake in the developer. Mitsubishi Estate Co. declined 0.6 percent in Tokyo as the developer’s rating was cut at Mitsubishi UFJ Morgan Stanley Securities Co. and JPMorgan Chase & Co.

The MSCI Asia Pacific excluding Japan Index declined 0.7 percent to 471.67 as of 10:21 a.m. in Tokyo. The MSCI Asia Pacific Index, which includes Japanese shares, dropped 0.2 percent to 141.87. Japan’s Topix (TPX) index rose 1 percent as the yen slid against all of its 16 major counterparts.

Japan’s Nikkei 225 Stock Average rose 1.9 percent before the conclusion of a central bank meeting today, at which economists forecast no change to monetary policy. The Bank of Japan will at some stage alter its target of 2 percent inflation in two years as unprecedented bond-buying proves insufficient to achieve the goal, economists forecast in a Bloomberg News survey.

(Source: Bloomberg)

Jalatama Targetkan 30% Transaksi Multilateral

Kamis, 14 November 2013 | 17:33

Jakarta - Perusahaan anggota bursa komoditas di Indonesia, PT Jalatama Artha Berjangka menargetkan transaksi multilateral atau komoditas primer akan meningkat hingga mencapai 30 persen di tahun 2014.
"Target transaksi harus lebih tinggi. Jalatama akan memprioritaskan produk multilateral. Saat ini transaksi multilateral kami kurang lebih 10 persen dari total transaksi," tutur Direktur Utama Jalatama Jacob Ongkowidjojo di Jakarta, Kamis (14/11).
Dia mengatakan, porsi tersebut sudah memenuhi besaran yang ditetapkan otoritas yaitu sebesar 5 persen transaksi multilateral.
Untuk mencapai target tersebut, tambahnya, perseroan mengharapkan produk baru dari emas akan segera diluncurkan paad tahun ini. Produk emas dengan spesifikasi ukuran yang lebih kecil ini, menurut Jacob, sedang diajukan ke Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti)
Jalatama, seperti disampaikan Jacob, termasuk aktif dalam perdagangan multilateral, khususnya produki emas. "Kita juga mendorong untuk produk seperti karet, kopi, kakao supaya produk ini bisa masuk bursa sehingga ada pembentukan harga dari produk ini," tuturnya.
Dia menuturkan, jika referensi harga dan pembentukan harga terjadi di bursa lokal, maka akan memudahkan para pelaku komoditi. "Kalau bursa sendiri yang jadi patokan harga akan lebih mudah. Contoh emas sekarang ukurannya pakai troy once dan dalam mata uang ponsterling, akan lebih mudah kalau pakai ukuran gram dan rupiah," jelasnya.
Sebagai catatan, saat ini Jalatama merupakan anggota dari dua bursa komoditas di Indonesia, Bursa Berjangka Jakarta (BBJ) dan Bursa Komoditas dan Derivatif Indonesia (BKDI). Namun aktifitas transaksi Jalatama saat ini masih terkonsentrasi di BBJ.

Penulis: TH/WBP

Sumber:Majalah Investor

Asia Stocks Outside Japan Rise as Hong Kong Extends Rally

Asian stocks outside Japan rose, with a benchmark index heading for a four-day rally, as Hong Kong stocks extended yesterday’s gains amid optimism China’s economic reforms will boost growth.

The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong added 1.4 percent, taking its three-day gain to 10 percent, the most in more than two years. Commonwealth Property Office Fund jumped 4.2 percent in Sydney after an Australian property fund received a higher competing bid. Honda Motor Co., which gets 83 percent of its revenue outside Japan, lost 1.1 percent as the yen gained.

The MSCI Asia Pacific excluding Japan Index added 0.2 percent to 478.48 as of 9:48 a.m. in Hong Kong. The MSCI Asia Pacific Index, which includes Japan, was little changed near the highest level since Oct. 30 after rising 3.2 percent over the past three trading days as China pledged to execute economic reforms and Federal Reserve chairman nominee Janet Yellen said she would continue U.S. stimulus.

Hong Kong’s Hang Seng Index rose 0.3 percent. China’s Shanghai Composite Index slipped 0.2 percent. China’s Communist Party unveiled the biggest package of economic reforms since the 1990s last week, with leaders in the world’s second-largest economy vowing to allow more private investment in state-run industries, ease the one-child policy and expand farmers’ land rights.

(Source: Bloomberg)