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China, Hong Kong stocks gain on trade, stimulus hopes

Chinese stocks broke a two-day losing streak as traders hoped for fresh stimulus on weak economic data and an end to the US-China trade impasse.The Shanghai Composite gained 1.9 per cent on Wednesday to end at 2,936.06, while the CSI 300 of large stocks in Shenzhen and Shanghai rose 2.2 per cent to finish at 3,725.33.Hong Kong’s Hang Seng also rose, ending up 0.58 per cent to 28,286.33, after a 1.5 per cent loss on Tuesday.Foreign money also pumped up mainland benchmarks. Foreign traders bought… Source link

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Vietnam 

Shares gain despite regional troubles – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vinamilk dairy farm in the southern province of Tây Ninh. The company’s shares yesterday increased 2.92 per cent to VNĐ133,900 per each. — VNA/VNS Photo Đức Hoảng HÀ NỘI — In spite of the drop of other Asian markets, Việt Nam had a good start on Monday as many large-caps gained ground. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.63 per cent to end at 958.54 points. More than 232 million shares were traded on the southern bourse, worth VNĐ4.5 trillion (US$193 million).…

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Chinese smartphone makers gain an edge in foldable handsets as delays beset Samsung’s Galaxy Fold

China’s major mobile phone makers could get the inside track in the nascent global market for foldable smartphones, as technical issues have delayed the commercial release of Samsung Electronics’ Galaxy Fold.Huawei Technologies, the world’s largest telecommunications equipment manufacturer and China’s biggest smartphone supplier, is expected to benefit from Samsung’s deferred launch if the Shenzhen-based company can fast-track the introduction of its 5G-ready, foldable Mate X model.“Launching… Source link

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Stocks Blog: China stocks head for weekly gain as 1Q earnings season kicks off

Happy Friday, traders. Hong Kong markets are closed and will reopen Tuesday due to the Good Friday and Easter Monday holidays, meaning no stock connect trading as well as no trading on the city’s exchange. But there will be plenty of action on China’s markets that we will cover for  you. So come back and visit us throughout the day. Please send any questions to deb.price@scmp.com . — Zhang Shidong in Shanghai and Deb Price in Hong Kong. Source link

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Shanghai stocks gain ahead of 1st-quarter GDP data, fading concerns over liquidity

China’s stocks rose to an almost 13-month high, with the rally on the benchmark resuming, as investors brushed aside concerns about tightening liquidity and before the release of the data on economic growth.The Shanghai Composite Index advanced 2.4 per cent, or 75.81 points, to 3,253.60 at the close on Tuesday, the highest closing level since March 22, 2018. The gauge finished higher for the first time in four trading days and recouped all the losses over the past three days. Hong Kong’s Hang… 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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Hong Kong’s Mandatory Provident Fund reports strongest quarterly gain in nearly 10 years

Hong Kong’s compulsory pension scheme, the Mandatory Provident Fund, has made an impressive start to the year. It posted the best quarterly gains in almost a decade at 7.53 per cent on the back of rising stock markets in Hong Kong and mainland China.The first-quarter performance of the 426 MPF investment funds managed by trustees was the strongest since the 9.52 per cent seen in the third quarter of 2010, according to figures from Lipper, which is a part of financial markets data provider… Source link

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Shanghai bulls charge ahead, giving benchmark 2.7 per cent weekly gain

China’s stocks rose on Friday, with the benchmark gauge capping a second weekly gain, as traders bet that the world-beating rally on the world’s biggest emerging market will carry on.The Shanghai Composite Index added 0.1 per cent, or 2.69 points, to 3,104.15 at the close, adding to a 2.7 per cent gain this week. Hong Kong’s Hang Seng Index also rose slightly.The mainland’s equity benchmark has eked out gains every week this year except one, rising 24 per cent this year as the world’s best… Source link

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Ecommerce 

Race is on for tech companies like Grab, Ant Financial to gain an edge in SE Asia's financial services market

In Southeast Asia, over 95 per cent of companies are small and medium-sized businesses, many of which find it difficult to gain access to funding. Now technology companies like Grab, Ant Financial and Tencent’s WeChat are hoping to fill the market gap by offering financial services like loans and payments.Grab, the Singapore-based ride-sharing company that has now expanded into everything from food-delivery to mobile payments, said on Tuesday that it is making a “full-scale push into lending… Source link

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Vietnam 

Shares gain ground as cash flow rises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Strong cash flow poured into the market on Wednesday helping the indices reverse from the morning session and climb in the afternoon. The market received strong support from foreign investors’ net buying. The significant movement of the Chinese market also positively impacted domestic investor sentiment. Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) increased by 0.21 per cent to end Wednesday at 994.49 points. The southern market index fell 0.15 per cent to close at 992.45…

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