The first month of the new year has brought a loss of securities markets in the Asian and Pacific region. National stock indexes registered significant decreases on a monthly basis, which are highest for measures of stock in China and Hong Kong. They lost between 6% and 10% of its value last month amid a tightening of monetary policy of many central banks. The regional index MSCI Asia Pacific fell 2.5 percent below its closing by the end of December 2009 This is the strongest part of its loss in February 2009 then the stock measure, which covers the securities markets in ten Asian countries, plus Australia and New Zealand, losing 10 percent in one month and fell to multi-floor because of the crisis in the global economy. During today’s trading MSCI Asia Pacific sank 1.7 percent to 117.05 points up and is on track to record strong weekly loss of 4.5 percent. This is the strongest weekly decline for the regional index of March 2009 The reason for this largely rose the news that the central banks of China, India and the U.S. tightened its monetary policy, which will reduce investments in financial assets. Central Bank of India today increased the minimum mandatory reserves commercial banks must hold as a deposit on it. The rate now stands at 5.75 per cent of their deposits to the previous 5 percent, cited by Bloomberg. This is a measure to withdraw excess liquidity from the economy of India, which along with China is the fastest growing Asian country.
Continue Reading

JPMorgan Chase will launch its global branch banking, which will offer commercial banking multinational corporations transmit Financial Times. This will instruct the bank alongside Citigroup and HSBC. From JPMorgan plans to invest more than $ 100 million in commercial banking division, which will consist of 300 people. The activity will initially be focused on emerging economies such as China, India and Brazil reveals Financial Times. JPMorgan is the aim of reducing their dependence on the weak U.S. economy and to benefit from the problems of Citigroup, have shared the bank’s executives told the newspaper.
Continue Reading