China 

Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

This is the final article in a three-part series looking at China’s US dollar shortage risks in the trade war, as it aims to open up its markets.Anbang Insurance Group’s decision to sell its condos at the Waldorf Astoria hotel in New York is the latest in the string of high-profile Chinese divestments that underscores China’s concern that the nation is running short of US dollars.The Chinese holding company bought the Waldorf for a record US$1.95 billion in 2014, but under pressure from the… Source link

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Vietnam 

Experts say no concern for US dollar appreciation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The dollar on Thursday appreciated by some VNĐ120 against the đồng compared with last Friday. — VNA/VNS Photo HÀ NỘI — The US dollar has continued to appreciate against the Vietnamese đồng in recent days, but experts are not concerned about the rise, saying the central bank will take effective measures to get the foreign exchange market under control. The State Bank of Việt Nam (SBV) on Thursday set the daily reference exchange rate at VNĐ23,051, up VNĐ5 from the day earlier. With the current trading band of +/- 3 per…

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Home 

China stocks lose ground for a third day on concern government to pare policy loosening

China’s stocks dropped for a third consecutive trading day, with a 2.1 per cent gain on the benchmark evaporating, as concerns that the government will scale back policy easing countered credit growth that exceeded analysts’ estimates.The Shanghai Composite Index fell 0.3 per cent, or 10.84 points, to 3,177.79 at the close on Monday. The ChiNext gauge of small companies declined 1.7 per cent. Hong Kong’s Hang Seng Index slipped 0.3 per cent to the lowest level in almost two weeks.Equities… Source link

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Vietnam 

Transparency a big concern in securities market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Violations in transparency and information disclosure are still rampant on the stock market and remain a problem to market members, public companies and auditors. — Photo cafef.vn HÀ NỘI — Violations in transparency and information disclosure are still rampant on the stock market and remain a problem to market members, public companies and auditors. The statement was made by Trần Văn Dũng, chairman of the State Securities Commission (SSI), at a talk show held by the business and economics site ndh.vn on Thursday. In 2018, SSI issued nearly 400 sanction decisions, more than…

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China and Hong Kong stocks slammed as US bond markets signal recession concern

China and Hong Kong stocks slumped on Monday amid a regional sell-off, as an inversion in the US bond yield curve on Friday stoked angst about a recession in the world’s largest economy.The Shanghai Composite Index dropped 2 per cent, or 61.12 points, to 3,043.031 at the close for its steepest decline in two weeks. Hong Kong’s Hang Seng Index also fell 2 per cent to 28,523.35.The sell-off also swept across other markets in Asia, with Japan’s Nikkei 225 gauge tumbling 3 per cent. Triggering the… Source link

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Home 

Carrie Lam joins homebuyers in expressing concern about prices rebound after Fed halts rate increases

Hong Kong’s head of government Carrie Lam Cheng Yuet-ngor has chimed in with a growing chorus of concern about a recent rebound in the city’s home prices, a day after the US Federal Reserve said it would not be increasing interest rates this year.“It does worry [me] because housing prices have already become very unaffordable, and they will become even more unaffordable if the reverse that we have seen since January this year is going to continue in the foreseeable future,” Lam said on the… Source link

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Property 

Hong Kong, China buyers pause investments in Australian real estate on concern of post-election increase in capital-gains tax

A recent surge in demand for Australian property from wealthy Hongkongers and mainland Chinese could be dampened by the country’s upcoming elections, industry experts warned.Data from London-based Real Capital Analytics showed that Hong Kong buyers spent US$1.2 billion on Australian real estate last year, a 9.3 per cent increase from 2017, while those from mainland China raised their investments to US$2.7 billion from US$2.53 billion in the same period.“The upcoming state and federal elections… Source link

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Why China’s economic policies are less of a concern than those of the Fed and European Central Bank

Despite the gloom surrounding China’s economy – which, according to official data, grew in the last quarter of last year at its weakest pace since 2009 – sentiment in financial markets has improved noticeably since the start of this year. Having plummeted 25 per cent in 2018, the Chinese large-cap CSI 300 index is up 5.8 per cent, while the yuan has risen to its strongest level against the US dollar in six months. Investors’ willingness to disregard poor economic data stems partly from external factors, notably recent statements from…

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Home 

Stocks plunge on growth concern, US-China trade tension

US stocks plunged, with technology shares again bearing the worst of the selling amid US-China trade tensions and as the latest batch of economic data added to concern that growth has peaked. The S&P 500 is on course for a weekly decline of 4.6 per cent, which would be the worse on a closing basis since March. The benchmark index fell to session lows after breaching the 2,650 level that had stopped earlier declines. The trade outlook appeared to take a negative turn, with the US alleging that Huawei breached…

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Vietnam 

Concern grows over Tết price hikes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The petrol retail price saw its highest surge so far this year on Saturday, raising concerns over unpredictable impacts to the economy and the possible increase of goods prices during the upcoming Tết (Lunar New Year) Holiday, experts said. The ministries of Industry and Trade and Finance raised the retail price of biofuel E5 RON 92 by VNĐ675 to VNĐ20,906 per litre. The price of RON 95 also rose by VNĐ577 to VNĐ22,347 per litre, while the prices of diesel and…

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