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Asian equities likely to stay stuck in a rut, HSBC says

July 12, 2010  

From Aaron Pan

Stocks in Asia are unlikely to rise much in the second half of the year, given a poor outlook for earnings and valuations that are no longer as cheap as other emerging markets, according to HSBC.

Investors hate to hear the phrase “trading range” but unfortunately it may be a distinct reality for stock markets in Asia in the coming months, according to HSBC.

The MSCI Asia ex-Japan benchmark of stocks has only gained 6% since...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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