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 limp through Friday’s session, suffer biggest weekly decline this year

China stocks ended little changed on Friday, yet they suffered their biggest weekly decline this year, while the Hang Seng managed a modest gain to snap a two consecutive day losing streak.The Shanghai Composite closed a bumpy trading session down 0.04 per cent to 3,188.63, moving the benchmark down 1.78 per cent for the week. The largest previous weekly fall was the week of December 21, 2018, when it lost 2.99 per cent.The CSI 300 finished the session down 0.22 per cent to 3,988.62.Shares… Source link

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Vietnam 

Oil stocks narrow market’s decline – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers make stock transactions at Bảo Việt Securities Company’s trading floor in Hà Nội. VNS Photo Trương Vị  Vietnamese shares on Wednesday continued to lose ground and encounter fluctuations but the strong gain of oil stocks helped narrow market losses. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was down 0.14 per cent, closing the session at 984.46 points. The southern market index was down 0.28 per cent, closing at 985.81 points on Tuesday. Nearly 217 million shares, worth VNĐ4.4 trillion (US$188 million), were traded on the southern…

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Australia home prices continue to decline in March, but deflation slows

Australian home prices fell again in March as credit conditions remained tight and investors stayed away, though the pace of decline slowed as more auctions found buyers.Monday’s report from property consultant CoreLogic showed home prices nationally fell 0.6 per cent in March, from February when they dropped 0.7 per cent. That was the smallest monthly fall since October. Values were down 6.9 per cent on a year earlier.The index has fallen in 15 of the past 17 months, wiping out more than two… Source link

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Northern UK property prices humming along as they barely feel impact of Brexit-fuelled decline in London

The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the UK.While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that is all too apparent to real estate agents in northern England who are not too worried about the UK’s departure from the European Union.“It’s a different world from London… Source link

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Chinese brokerage Citic Securities’ net profit for 2018 falls following decline in fee, commission income

Citic Securities, one of mainland China’s leading brokerages, said its net profit for the full year of 2018 declined by 17.9 per cent to 9.39 billion yuan (US$1.4 billion), just shy of a Bloomberg consensus forecast of 10.02 billion yuan.The company said poor performance by Chinese equities last year, which squeezed its commission and fee income, was to blame.Its overall operating revenue was down 14 per cent to 37.2 billion yuan. The operating income at its brokerage business, which was the… Source link

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Vietnam 

VN stocks decline as selling hits large-caps – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI Vietnamese shares fell on Friday, ending a three-day rise, as investors continued seeking short-term profits on the last day of exchange-traded funds’ review. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged down 0.43 per cent to close at 1,004.12 points. The southern market index had gained total 2.41 per cent in the previous three trading days and climbed above the milestone of 1,000 points. For the whole week, the VN-Index gained total 1.91 per cent. More than…

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China 

US-China trade decline leads to 20.7 per cent plunge in China’s total exports in February

China’s exports crashed by 20.7 per cent in February, the largest drop in three years, led by a large fall in trade with the United States.The total export decline was much greater than expected, possibly providing the first evidence of the impact of US tariffs on Chinese goods.China imported 19.9 per cent less from the US last month, down to US$7.9 billion from US$9.2 billion in January.It also exported 14.1 per cent fewer US goods, suggesting that trade between the world’s two biggest… Source link

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China 

China’s February home sales value extends decline as trade war weighs on the lifetime buying decision for most people

China’s February home sales extended their decline, following a weak showing a month earlier, as economic uncertainty from the nation’s ongoing trade war with the United States continued to weigh on what could be the biggest purchase of a lifetime for most buyers.The contracted sales value by China’s 100 largest developers fell 11 per cent last month to a combined 446.4 billion yuan (US$66.7 billion), compared with last year, according to data by China Real Estate Information Corporation (CRIC)… Source link

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Hong Kong’s January home prices advance, taking a breather from a five-month decline

Hong Kong’s home prices took a breather in January from their five-month drop, vindicating earlier predictions by some analysts that transaction values could reverse last year’s 9.2 per cent decline.The overall price index of pre-owned homes rose by less than a tenth of a percentage point to 359.5 last month, after having dropped 9.2 per cent from August to December, according to data by the Rating and Valuation Department.The halt in the decline had come earlier than the expectations of… Source link

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