Vietnam 

Shares advance as blue-chips gain ground – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Investors at An Bình Bank’s stock trading floor. Shares gained further yesterday thanks to buying focusing on some individual blue-chips. VNS Photo Hữu Nghị   HÀ NỘI — Shares gained further on Tuesday thanks to buying focusing on some individual blue-chips. The VN-Index on the Hồ Chí Minh Stock Exchange rose 0.37 per cent to end the trading session at 984.67 points. The southern market index inched up 0.11 per cent to end Monday at 981.03 points. On the Hà Nội Stock Exchange, the HNX-Index increased 0.38 per cent…

Read More
Home 

Hong Kong, China markets gain most in about two months as trade progress, Shenzhen plan boost sentiment

Hong Kong stocks posted their best daily performance in two months on Monday, while China markets jumped the most in seven weeks as investors cheered Beijing’s grand reform plan for Shenzhen and progress on the trade talks.The Hang Seng Index surged 2.2 per cent, or 557.62 points, to finish at 26,291.84, recording its biggest daily advance since June 19. The Shanghai Composite Index climbed 2.1 per cent to 2,883.1, posting its best daily performance since July 1. The Shenzhen Component Index… Source link

Read More
Vietnam 

VN stocks gain slower on rising caution – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In front of a Mobile World Investment Corp’s store in HCM City. The company’s shares pulled down the retail sector on Friday, contributing to a narrow of the stock market gain. — Photo thegioididong.com HÀ NỘI — Vietnamese shares ended Friday almost flat as investors tried exiting the local stock market, preparing for the possibility of bad news ahead. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up only 0.06 per cent to close the day at 980.00 points. The benchmark…

Read More
Ecommerce 

Alibaba posts 42 per cent gain in quarterly revenue, defying slowdown in China

Alibaba Group Holding beat estimates to report a 42 per cent revenue increase in the quarter ended June 30 amid signs of strain in China’s economy from the protracted trade war with the US. New York-listed Alibaba on Thursday posted better-than-expected revenue of 114.9 billion yuan (US$16.7 billion) in its fiscal first quarter, up from 80.9 billion yuan a year ago. Net income jumped 145 per cent to 21.3 billion yuan in the same quarter. “Alibaba had a great quarter, expanding our user base… Source link

Read More

Alibaba posts 42 per cent gain in quarterly profit, defying slowdown in China

Alibaba Group Holding beat estimates to report a 42 per cent increase in revenue in the quarter ended June 30 amid signs of strain in China’s economy from the protracted trade war with the US.New York-listed Alibaba on Thursday posted better-than-expected revenue of 114.9 billion yuan (US$16.7 billion) in its fiscal first quarter, up from 80.9 billion yuan a year ago. Net income reached 21.3 billion yuan for the same quarter.The e-commerce giant’s financial results are seen by many investors as… Source link

Read More
Vietnam 

VN stocks gain slightly amid global market concerns – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Trading counters at Agribank Securities Co (Agriseco). Vietnamese shares moved up slightly on Wednesday amid worries about the uncertainty of global stock markets. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares inched up on Wednesday morning as investors sought safe investment in banks, retailers and food and beverage companies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.26 per cent to close at 967.12 points. The VN-Index had fallen a total of 3.28 per cent in three straight days since last Friday. Shares of banks, retailers and food and…

Read More
Vietnam 

January to July retail sales gain 11.6 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers in a Big C store. Retail sales of products in the first seven months of 2019 rose 12.5 per cent year on year to VNĐ2.13 quadrillion. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Total retail sales of goods and services in Việt Nam in the first seven months of the year rose 11.6 per cent from the same period in 2018 to reach VNĐ2.85 quadrillion (US$122.5 billion). The growth rate was lower than the rate recorded in 2018 but higher than those of the previous three years, according to the General Statistics…

Read More
Home 

Hong Kong, China markets gain as positive sentiment builds ahead of next week’s trade talks

Hong Kong and China markets advanced for the third straight day, as technology shares continued a rally prompted by positive developments in the US-China trade talks.The Shanghai Composite Index on Thursday rose 0.5 per cent to 2,937.36. The Shenzhen Component Index surged 0.9 per cent, and the ChiNext Index of start-ups gained 0.8 per cent.The Hang Seng Index rose 0.3 per cent to 28,594.3. Turnover reached HK$68 billion (US$8.7 billion), lower than the daily average of HK$82 billion achieved… Source link

Read More
Home 

Huawei CEO Ren Zhengfei predicts 30% gain in global handset shipments in 2019 despite US trade blacklist

Huawei Technologies founder and chief executive Ren Zhengfei said he expects the Chinese telecom giant to ship 30 per cent more handsets globally this year despite being blacklisted by the US from doing business with American suppliers.The Shenzhen-based company’s two smartphone brands, Huawei and Honor, will ship an estimated 270 million handsets globally in 2019, Ren said in an interview with Yahoo Finance published recently. Huawei confirmed the contents of the interview, without elaborating… Source link

Read More
Home 

Chinese Estates’ Joseph Lau pockets US$2 million paper gain after buying shares of troubled developer Future Land

Joseph Lau Luen-hung, the Hong Kong billionaire owner of Chinese Estates Holdings, is estimated to have pocketed HK$15 million (US$1.9 million) of paper gains in a week through an astute punt in one of China’s biggest real estate developers.Fair Eagle Securities, a wholly-owned unit of Chinese Estates, bought nearly 40.9 million shares of Future Land Development Holdings on the Hong Kong stock exchange at HK$7.19 per share on July 4, according to the Hong Kong stock exchange’s CCASS… Source link

Read More