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How Australia’s hung parliament will impact markets

August 24, 2010  

From Richard Morrow

The uncertain general election result is likely to lead to short-term weakening of the Australian dollar and widening bond yields, but that will not last. As it becomes clearer which party is set to take power the stocks of different industries stand to be affected.

How Australia’s Labor Party must be ruing the speed and ruthlessness with which they backstabbed former leader and Prime Minister Kevin Rudd.

The political coup divided party division and led to a series of stinging insider revelations that badly...


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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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