Saturday, January 1, 2011

ASEAN Stock Market 2011

ASEAN Stock Market 2011 : ASEAN stock markets posted a great a year of gains in 2010, buoyed partly by a global economic recovery and higher commodity prices. The ASEAN Free Trade deal can take the credit for most of the gains though, regional trade is at a record high, alliances and cross border trade is growing and the future of ASEAN looks bright. Share indexes in Thailand and Indonesia both rose more than 45 percent this year.

In China, government efforts to slow the economy contributed to a 15 percent loss on the Shanghai index. And Japan’s Nikkei 225 lost about 3 percent. Overall, the MSCI Asia-Pacific stock index marked a 15 percent gain for 2010.

Several global investment banks, such as HSBC and Morgan Stanley, expect most developing Asian stock markets to continue climbing in 2011. Some banks forecast average index gains of about 20 percent in the region.

In Thailand, shares rose despite political demonstrations that led to more than 90 deaths in the first half of the year. “we feel that the market will continue to grow uo to 35% in 2011, export and banking sectors willl rally, agricultural businesses will see huge gains and energy will post its best year ever,” Shayne Heffernan said.

The United Nations Economic and Social Commission for Asia and the Pacific forecasts regional growth will fall to 7 percent in 2011 from 8.3 percent this year.

Nagesh Kumar, chief economist and director at UNESCAP, says that slower growth reflects declining export demand in Europe and the United States. However in my opinon he has missed the growing markets of India, ASEAN and China. Combined, India, ASEAN and China represent most of the world’s population and in 2011, it will represent a larger part of the world economy.
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