Thai Banks disposing stakes.

A tie-up between Industrial and Commercial Bank of China, the world’s largest bank by market value plans to take a controlling stake in Thailand’s ACL Bank .

ICBC has agreed to pay Bangkok Bank Bt3.55bn ($106m) for its 19.26 per cent stake in ACL, a 15 per cent premium to Tuesday’s closing price, in a deal that values the whole bank at Bt18.29bn.
ACL Bank, one of the smallest banks in Thailand, is 30.6% owned by the Finance Ministry and 19% by Bangkok Bank.

Bangkok Bank, the country's largest bank, has been paying fines to the central bank since last year due to delays in divesting its ACL shares.

The finance minister, told the Financial Times that he was willing to waive the 49 per cent limit on foreign shareholdings in financial institutions in the case of ACL

The Dow at pivot day.

Asian index futures due in 24 hours.

Consumer Confidence Index for September came in at 53.1, which is below the 57.0 that was widely expected.

A disappointing trading day with index still holding strong above the bull pivot despite the dwindling volumes.

As tomorrow is the Pivot Day of Dow Futures,a pullback has already been completed so it's looking for retracement on this very day.