HONG KONG: BEFORE THE OPEN, 13Jun2013

Where is Edward Snowden? The CIA whistle blower has gone dark in our fair city. Chief Executive Leung speaks to Bloomberg US on Snowden and China. Civil servants get a pay rise and Hopewell Property pulls the plug on their IPO plans. Here’s what you need to know before the open.

SK Gas (018670) to import shale gas-based LPG from N. America

SK Gas (018670) said last Monday it signed a contract of purchasing around 360,000 tons (t) of LPG produced from North American shale gas between 2015 and 2016. Read More, MK Business News

BOK Export/Import Price Indices during February 2013

The Export Price Index(won basis) increased by 2.4% month-on-month in February 2013.

• The index fell by 5.6% in year-on-year terms.

The Import Price Index(won basis) increased by 2.7% month-on-month in February 2013.

•  Year-on-year, it fell by 8.6%

S KOREA FEB EXPORT DATA DUMP, CURRANT ACCOUNT SURPLUS US$2bn

Export YoY:

Survey: -9.2%

Actual: -8.6%

Prior: +11.8%

Imports YoY:

Survey: -9.1%

Actual: -10.7%

Prior: +3.9%

Balance of Trade US$MM:

Survey: 970

Actual: 2061

Prior: 874

CHINA: BEFORE THE OPEN

 

 

1. Rural bank officer snagged in fraudulent flat buying caper

 

2. China imported all time record 114.4 tons of Gold in December 2012

3. China Mobile (0941 HK) expands 4G network trial

4. China vs. Japan South China Sea drama continues…

5. SAFE increase QFII quota in January

6. Local govnt debt woes…

Standard & Poors issues report warning on default risk of local govnts

Another report on local govnt debt

7. Police chief uses fake ID card to purchase 192 homes

8. Baidu (BIDU US) reports 57.5% rise in full year profit

9. Land sales up 263% year on year

10. Analysts predict Jan CPI to grow at 1.8%