Asian equity volumes jump US$200 billion
Trading volumes in Asia experienced a considerable
increase in May, after a substantial drop between March and April.
According to data from Thomson Reuters,
overall trading volumes grew 17% to US$1,360.08 billion in May from US$1,166.19
billion in April. But last month’s total was still down 6% on May 2011’s total
of US$1,445.12 billion.
The boost can largely be explained by a 30%
jump in volumes in China to US$587.85 billion from US$451.34 billion in April.
Volumes in Australia also saw some of the
most impressive upticks in the region, increasing 37% to US$96.36 billion in
May from $US70.49 billion in April (historically a weak month). But volumes
were still down over the same time last year, when the markets recorded US$106.46
billion in volumes.
Turnover in Japan inched 1.7% higher to US$322.02
billion from US$316.38 billion the previous month, while Korea suffered a
month-on-month 3.4% dip in volumes to US$120.85 billion from US$126.38 billion
After two months of free-fall from a
February 12-month high of US$79.59 billion, Indian volumes increased marginally
to US$47.31 billion from US$45.94 billion in April, while in Hong Kong volumes
increased 25.5% to US$33.68 billion in May from US$25.09 billion in April,
bringing the market close to the same level it was at the same time last year –