Asian Stocks

Article Index

China's Exports Surprise Contradicts the Critics

Chinese exports in May posted a 50% gain over last year, blowing away estimates and suggesting that the risk of a Chinese economic slowdown is overblown, Reuters reported, citing anonymous sources.

China's official export numbers will be reported tomorrow (Thursday) as part of broader trade data, but had been expected to rise 32% year-over-year after recording 30.5% growth in April.

Chinese economic figures are often leaked widely in markets and government circles ahead of their official release, and are sometimes subject to last-minute revisions.

Read More…

How to Profit From China's Economic Role Model: Singapore

China's economic model has been extremely successful. But, they didn't pull it out of thin air. In fact, they had a very important role model - Singapore - that might just show investors hotter returns than the overheated Chinese stock market. Read this report to find out how to make extreme gains from Singapore.

Read More…

Prudential Takes Control of Asian Insurance Market With Purchase of Foreign AIG Unit

London-based Prudential PLC (NYSE ADR: PUK) showed its confidence in Asian market profitability by agreeing to buy American International Group Inc.'s (NYSE: AIG) Asian insurance-unit - AIA Group Ltd.

The news follows AIG'S announcement Friday that it lost $8.9 billion last quarter and would continue to divest assets to repay its billions in debt. AIG was planning on an initial public offering for AIA Group in Hong Kong, but recognized a sale to Prudential as a better deal.

Showcasing its bullish outlook, Prudential will pay $35.5 billion for AIA - $25 billion in cash and $10.5 billion in stock and other securities. The company plans to raise $20 billion in a rights offering and sell $5 billion in bonds to finance the deal's cash portion.

Read More…

Asian Index Gains Are Early Signs of Global Decoupling

By Mike Caggeso Associate Editor The majority of Asian stock markets made monster gains for the year in 2007, despite volatile dips in the first and fourth quarters. Analysts are expecting Asian stocks to boom again in 2008, following a period of continued declines early in the first quarter of the New Year. After dropping […]

Read More…