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Hang Seng Index thuds to a four-month low, as May sees index rattled for 9.4 per cent loss

Hong Kong and China equity indexes ended May trade with respective monthly losses, led lower by the sustained selling in the mainland’s blue chip CSI 300 index, which posted a loss of 7.24 per cent for the period as investors fretted that the escalation of the US-China trade war could spin the world into a recession.The Hang Seng Index closed out Friday trade down 0.79 per cent or 213.79 points at 26,901.09. The level was its lowest since mid-January, dragging its loss for May to 9.42 per cent… Source link

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Vietnam 

Việt Nam’s PMI at four-month high as employment rises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers produce automobile parts at Keihin Vietnam Co. — VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to a four-month high of 52.5 in April from 51.9 in March, signalling solid monthly improvement in the health of the sector. A survey by Nikkei and IHS Markit released on Thursday also showed the country’s business conditions have improved on a monthly basis since December 2015. According to the survey, Vietnamese…

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Vietnam 

Four-month CPI growth lowest in three years: GSO – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A customer shop at Co.opmart supermarket in Hà Nội’s Nguyễn Trãi Street. — VNS Photo Trương Vị   HÀ NỘI – Việt Nam recorded a year-on-year rise of 2.71 per cent in consumer price index (CPI) in the first four months of this year, the General Statistics Office (GSO) announced on April 29, marking the lowest rate of increase seen in three years.   The CPI in April was 0.31 per cent higher than in the previous month and 1 per cent higher than in December 2018, representing…

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China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

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