TAIWAN: WEEK IN REVIEW, 08Jun2013

Exports slow as she goes; Philippines sanctions might be lifted; HTC on the down and out; Property carpet baggers; More toxic food; Want some of this levered European Bank?; Taipower an expert at losing money; Here’s what you missed this week.

KOREA: WEEK IN REVIEW, 08Jun2013

GDP growth meh; STX Pan Ocean meets its maker; Gaeseong talks to be restarted; ADB chief says stop whining; How do you create a  ‘creative economy’?; Here’s what you missed this week.

Korean banks’ capital adequacy ratio slips in Q1

Wonder what that ratio will look like if the Ben Bernanke lands the monetary helicopter.

ADB Chief Economist: Korea should stop whining about weak Yen

This is a little rich given that Kuroda now head of the BOJ was his boss at the ADB. Maybe Rhee Chang-yong wants Kuroda-san to throw in a good word for a promotion.

The squid says KOSPI at 2400

Bold call, maybe they have secret knowledge the Bernanke will keep the money spigot on. Goldman Sachs also doesn’t believe the weak yen will have a material impact on South Korea’s exports.

MK Business News

 

KOREA: CLOSING WRAP, 05Jun2013

Kospi smacked down 1.52% on QE withdrawal worries; Apple will appeal; STX Heavy catches an order; How do you legislate creativity?; Will the KDB be STX Pan Ocean’s lord and savior?; US and S Korea tied at the hip; Here’s what you missed today.

BOK worried about KRW bond futures’ volatility

They only need to look at the JGB market to see what can happen when investors become unnerved. God help us if Helicopter Ben backslides on QE.

From Bloomberg:

“Stimulus policies of the U.S. and Japan are likely to cause higher volatility in the second half in the bond market, and we will closely monitor and respond to such a case,” Gwak said. “Volatility may increase in the currency, bond and stock markets as debate over a U.S. exit from quantitative easing policies develops.”

TAIWAN: BEFORE THE OPEN, 05Jun2013

Memorial services for slain fisherman; MediaTek’s new chipsets; Praise be to HTC; Save us Ben Bernanke; Now sick chickens?; Luxury tax 2 years on; HTC COO quits; Here’s what you need to know pre open.

Hon Hai: End of US QE to hamper Taiwan’s recovery

Helicopter Ben, don’t disappoint us.

From The China Post:

Taiwan’s re-emergence from an economic slowdown is looking increasingly challenging on the back of a sooner-than-expected end to the U.S. quantitative easing program, according to Hon Hai Precision Industry’s annual report.

Today can only be described as BLOODSHED

It appears that the end of QE?, JPY carry trade unwind, and contracting China macro data hasn’t left a green shoot to be found.