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Turkey: steady for now, but questions remain
The turmoil on both sides of the Atlantic has shaken Turkey, where the Istanbul stock exchange steadied on Tuesday, a day after recording a 7 per cent slump – the biggest drop in almost three years....
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Libya: the ultimate risk-on bourse
Investors who find run-of-the-mill frontier markets a bit tame will soon have a chance to put their money into Libya. As the FT reports, the new rulers are planning to restart the Tripoli bourse after...
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Asian capital markets: up and down
Global markets have had a risk-off 2011 and Asia’s capital markets are no exception. Investors’ search for safe havens has left Asian markets in a muddled state with equity capital volumes slumping to...
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New first for Russia’s stock market: staying open for winter holidays
Russia’s winter holidays are a sacred ritual in Russia, two weeks starting at New Year’s eve when green bottles of Sovetskoe champagne become ubiquitous and the people go en masse to their dachas....
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Taiwan’s stocks in pre-election boost
Has Taiwan’s stock market been benefiting from an election boost? Conventional wisdom suggests that, with a still-uncertain election outcome on Saturday, and continued storm clouds over the eurozone,...
View ArticleTaiwan: Ma win should boost market
China and the US have welcomed Beijing-friendly Ma Ying-jeou’s re-election on Saturday as president of Taiwan. So should investors. Taiwan business favoured the liberalising Ma in advance of the poll....
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Ma’s victory: plenty of work ahead
Investors looking for an immediate stock market bounce from Taiwan president Ma Ying-jeou’s successful re-election might be a bit disappointed on Monday. The benchmark Taiex index opened up 60 points,...
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Colombia: LatAm’s equity issue superstar
Which Latin American market racked up the most equity offerings in the second half of 2011? Not Brazil, the regional behometh, with seven deals worth $1.6bn, but Colombia, with seven fatter deals...
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Russia: election fears fade – for now
On the face of it, it looks like investors believe the risks associated with Russia’s wave of protests have already had their day. Russia’s stock indexes have surged this year with the...
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Vietnam equities: attractive but tricky
Like other frontier stock markets that took a beating in recent years such as Egypt and Hungary, Vietnam has rallied this year, up more than 25 per cent since early January. While sceptics reckon this...
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Elpida’s fall makes waves in Taiwan
It was not as if the bankruptcy of Japan’s Elpida, the world’s third-biggest D-ram chip maker, was totally unexpected. Yukio Sakamoto, its president, warned two weeks ago that debt talks with creditors...
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Taiwan: tax plan prompts sell-off
If the Taiwan government needed any indication of how sensitive investors are to talk of a potential capital gains tax, it need look no further than the performance of the island’s shares on Thursday....
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S Korea: the big ‘buy’
The toughest task in being an analyst in Korea seems to be to put a “sell” call on a stock. You have to be extremely brave to tell your clients to sell their shares in a company, according to Korean...
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Mexico v Brazil: stock market edition
For all of you out there who can’t get enough of the Mexico versus Brazil debate, here’s something else to chew over: the diverging fortunes of the countries’ two stock markets. Mexico’s benchmark IPC...
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Russian equity: good to be free?
Who owns the Russian equity market and how does ownership affect company performance? A new research note from Troika Dialog sheds some light. The short answer to the first question is, the state,...
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Nigeria could soon see IPO revival
A strong market rally and improved regulation could tempt up to 20 companies to list on the $54bn Nigerian Stock Exchange in 2013, according to its chief executive officer Oscar Onyema. The NSE has...
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Micex IPO is an FX plan
By Ben Aris of bne The management of Russia’s MICEX exchange arrived in London on Tuesday on a roadshow ahead of its IPO on Feburary 15. What they are selling is not just a stock exchange but a...
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India equities: foreign investors pile in
Ratings agency S&P has warned that the chances of India’s sovereign credit being downgraded to junk is more than one in three, as the economy battles with unsustainable current account and fiscal...
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India’s sell-off threatens to get ugly
In March, India’s benchmark Sensex index was promising to rise above 20,000 points. In May, the Nifty index breached its own high-water mark of 6,200 points. How the mighty have fallen. By lunchtime in...
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India regulator cracks down on buy-backs
Companies buy back shares to funnel excess cash to shareholders and/or prop up the share price. But they can also just announce a buy-back plan, with no intention of following through, to enjoy the...
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