Monday, August 31, 2015

Special Report ON Asia ( August 31 , 2015 ) - China updates ( Ignore what China says regarding whether it will or will not be buying stocks - just watch the market and decide , Another day of curious policy moves / zig zags in stock markets indices / arrests - why aren't the animals spirits responding ? ) ..........Thailand in the news - updates on Bangkok blast ........India in the news , an item or three of interest ........Japan output falls for July ....... Malaysia protests continue - will they succeed in overturning Najib though ...... Impact of commodities crush on Emerging Nations !

Evening wrap......








China Caixin final August manufacturing PMI 47.3 (flash 47.1, 6.5-yr low). New orders, exports, employment, input prices all contracting.








These China markets, they make fools of us all...












CHINA SHANGHAI COMPOSITE SET TO OPEN DOWN 1.5% TO 3,157.83. Some poor journalist somewhere is crashing Chinese stocks again






PBOC SAID TO MAKE BANKS TRADING FX FORWARDS HOLD RESERVES: RTRS. Unclear what said banks will sell to fund FX purchases.





China Strengthens Yuan By Most Since Nov 2014 After PMI Hits 3-Year Low, PBOC Offers "Hope" As A Strategy For S...







CITIC chair urged all staff not to "believe or spread rumors" as the firm has enough liquidity and stable operation (despite recent arrests)







CITIC (aka "Goldman of China") chair admitted in letter to staff the firm is facing "significant challenges" (after arrests of key members)







Why China should care less about West: This is how much the world exported to China in 2014








Morning tweets.....




Asia Watch......




Yuan continues to strengthen vs Dollar. USDCNY trades at 6.3748, best level since Aug11.
















Thai police give themselves $84K reward for info on suspects for "diligence and hard work"










*DJ Toshiba Seeks Further Delay in Earnings Report, Until Sept. 7...still kicking that can. Sources warning of ¥100 bn loss for fiscal 2014.










RBI'S RAJAN: CENTRAL BANKS "ARE DONE"








CONDUCTS SHORT-TERM LIQUIDITY OPERATIONS AT 2.35% - BBG *PBOC INJECTS 140B YUAN LIQUIDITY VIA 6-DAY SLO OPERATIONS











Percentage of commodity based exports:
South Africa 86% Australia 86% Chile 92% Indonesia 71% Brazil 45%









[BREAKING] BBG Reporting That PBOC Said To Inject Liquidity Through S-Term Loans







Does a similar aphorism exist in Chinese?











Malaysia's PM reclaims streets after massive corruption protests: Malaysia's government recla...









First oil field found in China, has generated 300 mln tons of crude oil in 6 decades










Google could face a $1.4b fine in India for rigging search results











Japan Defense Ministry asks for record budget







China's National Team still at work. Large-cap buying into the close.
SH -0.8% CSI300 +0.7% SZ -3.1% ChiNext -4.1%













Stock price of People's Daily Online on fire despite the fact two top leaders were investigated ?











'Peace not war!' Japanese hold massive rally to protest Abe’s foreign wars bill (PHOTO, VIDEO)

























Wanted: female suspect by name of “Wanna Suansan”, and another male suspect (no name mentioned)











CSI 300 rallied 5% in afternoon trading alone.









Protesters ratchet up pressure for Malaysia's scandal-ridden PM to resign:













Defiant prime minister vows not to quit as Malaysia marks national day










Chinese fund managers cut equity allocations to record low for next 3 months on global volatility, weak yuan- Reuters









chief Jin Liqun is expected to visit South Korea next month, his first foreign trip since taking office.


































protesters face uphill battle to dislodge Prime Minister Najib Razak









Chinese locals trading stocks at an Internet cafe










In a Chinese motto: 又要马儿好、又要马儿不吃草! You don't feed your donkey with carrots but keep on pushing them to work!









RT : India needs a debate about caste quotas says












Detained Caijing journo's "confession" to using "abnormal information channels & speculation" to write market report









Hahaha









Karnataka scholar MM Kalburgi, threatened over his writings, shot dead on his doorstep














Good point - how does insider trading work when gov't issues buy directives to brokerages? Thankless task.












A-Share biggest problem now:- You are asking the securities houses to buy for PPT, and you are accusing them front-run, insider dealing !!









CHINA SAID TO ORDER BROKERAGES TO BOOST STOCK MARKET SUPPORT. While in the U.S. the NYFed tells Citadel to spoof ES or VIX









So what happens now to the rescue fund's holdings, buybacks et al? Nightmare clean-up of Beijing's gnarly market mess









We'll find out shortly just how much "China won't intervene any more in the market"










$200bn+ later, Beijing abandons massive stock purchases, intensifies witch-hunt for those “destabilising the market”








Chinese Stocks Slump After "Arrest-Fest", Yuan Strengthens Most In 9 Months, Goldman Cuts Outlook




















Goldman just cut China GDP: "we mark down our 2016/17/18 forecasts to 6.4%/6.1%/5.8% respectively from 6.7%/6.5%/6.2% previously"








China's stock options traders "most bearish" on record, says Borg, i.e. skew on the China 50 ETF is at all-time high








JAPAN JULY OUTPUT FALLS 0.6% M/M; EST. +0.1%





The day the hockeystick died: IMF forecasts of China GDP since 2010










CHINA ABANDONS MASS SHARE BUYS; SHIFT FOCUS TO MANIPULATORS: FT. Mass execution of Virtu algos imminent


















Policy Confusion Reigns As China Caps Muni Debt, Uncaps Bank Debt, And Sees Bad Loans Soar








Black(er) Monday Looms: Dow Futures Down 220 After J-Hole Speech & China Fold








Alarms going off at BOJ FX desk







China won't intervene in the stock market. Except when it does