Vietnam 

Shares decline for a second day amid investor pessimism – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A shipment of 15,000 tonnes of Hoa Sen iron sheets exported to Europe at Quy Nhơn Port. Shares of Hoa Sen Group hit the floor price of 7-per-cent deline on Wednesday. VNA/VNS Photo Phạm Kha   HÀ NỘI – Shares slumped for a second day this week as investors continued to offload stocks due to fears of a steeper decline. On the Hồ Chí Minh Stock Exchange (HOSE), the VN-Index fell 0.52 per cent to close Wednesday at 972.10 points. On the Hà Nội Stock Exchange, the HNX-Index edged…

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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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Shanghai ekes out a gain, while Hang Seng falls on day filled with jitters over global growth, trade

Hong Kong and China markets have got the jitters.The Shanghai Composite Index on Wednesday eked out the tiniest of gains – 0.1 per cent to 3,241.93 – on a day it struggled to climb out of a hole. Global growth concerns and escalating trade tensions also were felt in Hong Kong, which spent the day under water, though ended down just 0.1 per cent at 30,119.56.Overnight, the International Monetary Fund cut its global growth forecast to 3.3 per cent for this year, down from the 3.5 per cent it… Source…

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Hang Seng climbs to 10-month high as Shanghai Composite posts second straight day of losses

Hong Kong’s Hang Seng Index closed at a 10-month high as bulls ended up in control despite early weakness. Meanwhile, China’s Shanghai Composite Index dropped for a second consecutive day.Hong Kong markets are “still quite positive and people are expecting the upwards side of the index”, said Gordon Tsui, managing director of investment holding company Hantec Pacific.But, with trading at such a high level, the Hang Seng is at a critical point as investors may be worried about markets adjusting… Source link

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Singapore 

Up to 5 North-South Line stations to close on Vesak Day long weekend for construction works, Singapore News

SINGAPORE – Up to five stations between Admiralty and Yio Chu Kang MRT stations will be closed for three days during the Vesak Day long weekend (May 18-20) to facilitate the construction of a crossover track at the upcoming Canberra station. The leftmost lane of Canberra Link Road, heading in the direction of Sembawang MRT station, will also be closed between May 17 and May 20 as part of the works. The 72m crossover track, which will be built between Sembawang and the new Canberra station, will allow trains on…

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China stocks rise for fifth day to fresh one-year high as airlines take off

China stocks rallied for the fifth straight session on Thursday to a fresh one-year high, boosted by a government fee cut for airlines and high hopes for chemical shares after another factory exploded.The Shanghai Composite Index soared 0.9 per cent to close at 3246.57, its highest level since March 22, 2018. The benchmark has gained 8 per cent over the past five trading sessions, and has advanced 30 per cent since the beginning of this year.The Shenzhen Component Index closed 0.7 per cent… Source link

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China 

Chinese police investigating early April Fools’ Day social media financial rumour

Chinese police are investigating an unsubstantiated social media rumour concerning monetary policy easing at the request of the central bank, reflecting Beijing’s resolve to battle fake financial news at a time when the government is increasingly sensitive in managing market expectations.The rumour, which spread on Chinese social media including WeChat and Weibo on Friday, claimed that the People’s Bank of China (PBOC) would cut the required reserve ratio the following Monday. The PBOC denied… Source link

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Vietnam 

Local stocks extend gains for a third straight day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Vietnamese shares ended Thursday on a positive note with extended growth among commercial banks, but stronger selling hindered the market’s short-term prospects. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.30 per cent to close at 1,008.44 points. The southern market index has increased by 2.41 per cent in the past three days. More than 224.5 million shares were traded on the southern exchange, worth VNĐ4.82 trillion (US$207 million). Bank stocks extended growth to drive…

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Vietnam 

Financial stocks lift market for a second day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Financial-banking companies drove Vietnamese shares up for a second trading day on Wednesday. The benchmark VN Index on the Hồ Chí Minh Stock Exchange gained 0.41 per cent to close at 1,005.41 points. The southern market index has increased by 2.11 per cent in the past two trading sessions. More than 229 million shares were traded on the southern bourse, worth VNĐ5.1 trillion (US$219 million). Banks, securities companies and insurance firms, drove the stock market upwards. The three…

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Boeing shares fall for a second day as more countries ground 737 MAX 8 planes, knocking US$25 billion off market value

Boeing Co’s stock took another beating on Tuesday, knocking off more than US$25 billion from the aerospace manufacturer’s market value over the past two days, as more countries lined up to ground its 737 MAX 8 aircraft following Sunday’s deadly crash in Ethiopia.Britain joined China, Malaysia, Singapore, Australia and other countries in banning the 737 MAX planes, squeezing the shares, which had been one of best performing stocks so far this year on the Dow Jones Industrial Average. … Source link

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