Asia

Nikko Asset Management is separating out its chairman and CEO roles, and has appointed ex-Nomura executive Takumi Shibata as director and chairman ahead of a planned IPO.

Martin Currie has hired Damian Taylor as investment manager in its Edinburgh-based Asian equities team.

Andrew Graham, manager of the Martin Currie Pacific trust, argues the trend for earnings downgrades must reverse before stock markets can go higher.

INDIA

ASIA

ON JAPAN

Japanese investors are still net sellers of foreign bonds despite Shinzo Abe's policy of aggressive fiscal stimulus, with the situation unlikely to change until inflation starts to climb, M&G's Mike Riddell has said.

Japanese shares have clawed back some of their losses after falling more than 7% yesterday in a dramatic trading session.

A spike in Japanese government bond volatility has raised concerns that the unintended consequences of new policy measures could further derail the equity market rally.

Psigma has dodged today's Japanese equity sell-off after the firm's CIO Tom Becket told its investment managers to reduce exposure earlier this week amid fears a pullback was imminent.