Japanese Stocks Drop as Exporters Fall on Strong Yen, Brexit Fears

PT. Equityworld Futures - Japanese stocks headed for their lowest close in two months as growing concern over U.K.’s referendum over remaining in the European Union sent investors scrambling to haven assets including the yen.
The slump in Tokyo shares follows a global equity market decline on Friday after a newspaper poll showed the campaign for Britain to exit the E.U. took a 10 percentage-point lead less than two weeks before the country votes in a referendum. Investors are also avoiding risk ahead of central bank meetings in the U.S. and Japan later this week.
The Topix index slumped 2.7 percent to 1,295.41 at the break in Tokyo, on course for its lowest level since April 11. Just 55 shares rose while 1,860 fell. The Nikkei 225 Stock Average lost 2.6 percent to 16,168.48. The yen gained 0.7 percent to 106.21 per dollar.
Source: Bloomberg

China H-Share Rally Unravels as Index Sinks Most Since February

PT. Equityworld Futures - The longest rally by Chinese H shares in nine years is already becoming a distant memory.
The Hang Seng China Enterprises Index fell 2.5 percent at 10:15 a.m. in Hong Kong, extending its two-day slump to 4.5 percent, the steepest in four months. Producers of energy and building materials led losses after fixed-asset investment in the first five months of 2016 trailed 38 economists forecasts and a global equity selloff deepened. The Shanghai Composite Index dropped 0.8 percent.
Source: Bloomberg

Ekonomi China Stabil Pada Mei Bahkan Ditengah Melambatnya Pertumbuhan Investasi

PT. Equityworld Futures - Ekonomi China stabil pada bulan Mei terkait pesta kredit awal tahun ini yang moderat.
Produksi industri naik 6% dari tahun sebelumnya pada bulan Mei, sesuai dengan perkiraan ekonom, biro statistik nasional hari Senin. penjualan ritel naik 10% bulan lalu, sementara investasi aset tetap meningkat 9,6% dalam lima bulan pertama tahun 2016, hilang semua 38 ekonom perkiraan.
"Kami percaya momentum berurutan dalam pertumbuhan ekonomi telah cenderung tetap tangguh pada bulan Mei," Bank of America Corp analis termasuk Helen Qiao menulis dalam sebuah catatan penelitian menjelang rilis data. "Pemulihan pasar properti dan peningkatan pendanaan proyek untuk proyek-proyek infrastruktur di beberapa bulan terakhir akan terus memberikan dukungan untuk kegiatan industri dalam waktu dekat."
pengembangan investasi properti naik 7% pada periode Januari-Mei, data menunjukkan.(yds)
Sumber: Bloomberg

Pound Volatility Spikes for a Sixth Week as Brexit Vote Nears

PT. Equityworld Futures - Expectations for price swings in the pound climbed for a sixth week to a seven-year high as anxiety about a potential British exit from the European Union gripped investors.
The sterling headed for its second weekly decline versus the dollar before the U.K. votes on June 23 on whether to remain in the EU. The currency tumbled as much as 1.1 percent on Monday after polls signaled a lead for voters who support leaving the 28-nation bloc. It climbed as much as 1.5 percent the following day amid speculation a mistyped transaction had triggered automatic orders to sell or buy currencies to avoid losses.
Implied volatility for one-month options on the pound versus the dollar rose to 23.5 percent, the highest since January 2009, and more than double the level at the end of April. Expectations for price swings have climbed every week since the period ended April 29, the longest winning streak since late February.
Sterling was little changed at $1.4451 at 12:31 p.m. in Tokyo, and has depreciated 0.5 percent this week. The currency gained 0.1 percent to 78.17 pence per euro from Thursday.
The pound has been a gauge of sentiment throughout the referendum debate. It slid to a seven-year low of $1.3836 in February, and remains the worst-performing developed-market currency this year.
Source : Bloomberg