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China’s investors are piling into Hong Kong shares via Stock Connect channel in the longest shopping spree in 18 months

Chinese investors are not abandoning Hong Kong’s stocks, even as Asia’s third-largest equity market endures a double whammy of social upheaval and jitters about a global recession.Mainland traders have been buying the city’s stocks for 21 straight days through Friday via the cross-border investment channel known as the Stock Connect, pouring an aggregate HK$45.3 billion (US$5.8 billion) into equities listing on the Hong Kong stock exchange. That was the longest buying spree since February 2018,… Source link

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Kiên Giang vows to provide best conditions for investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Prime Minister Nguyễn Xuân Phúc, Government officials, and leaders of Kiên Giang Province visit a booth showcasing some of the specialities of Kiên Giang Province on the sidelines of the Kiên Giang Investment Promotion Conference held recently in the province. — VNA/VNS Photo Thống Nhất KIÊN GIANG — The Cửu Long (Mekong) Delta Province of Kiên Giang has pledged to further improve its competitiveness and investment climate, making it easy for investors to do business, Secretary of the provincial Party Committee, Nguyễn Thanh Nghị, said. It would also continue to…

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Vietnam 

Investors cheer US tariff delay – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Screens show stock prices. Vietnamese shares on Wednesday were bouyed by the US decision to postpone a 10 per cent tariff on US$300 billion worth of Chinese products. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares recovered on Wednesday morning, driven by technology, insurance and retail sectors. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.44 per cent to close at 971.10 points. The VN-Index fell 0.87 per cent on Tuesday. Nearly 73.7 million shares were traded on the southern bourse, worth VND1.6 trillion (US$69.5…

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More than a third of investors expect a recession in 12 months, Bank of America Merrill Lynch survey finds

Recessions fears have reached their highest levels in eight years as investors shift away from equities to bonds, according to the latest Bank of America Merrill Lynch survey of fund managers.More than a third of investors surveyed believe a global recession is likely in the next 12 months, the highest recession probability since October 2011, the August Fund Manager Survey found.“Investors are the most bullish on rates since 2008 as trade war concerns send recession risk to an eight-year high,… Source link

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Birmingham’s rising potential finds favour among foreign property investors who find London overpriced

Birmingham, the second-largest city in England, is increasingly attracting overseas property investors, as they find London overpriced. Among them is Hongkonger Jabbie Yip, who bought three homes in Birmingham, about 162km northwest of the British capital. “These are long-term investments,” said Yip, 45, who also owns two flats in Hong Kong. “London, even if prices have declined by 10 per cent since Brexit, is still two and a half times more expensive than Birmingham.” The businessman bought… Source link

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Vietnam 

VN stocks up, trade war still worries investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor looks at stock movements on his laptop. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares made slight gains on Monday morning while investors remained cautious amid the uncertainty of global markets. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.15 per cent to close at 975.78 points. The VN-Index lost total 1.69 per cent last week. More than 96 million shares were traded on the southern bourse, worth VND1.79 trillion (US$77 million). The Vietnamese stock market hovered in the early trading session as investors…

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Hong Kong, mainland Chinese investors tap bullion rally, lift gold exchange-traded funds’ assets to six-year high

Exchange-traded funds (ETFs) backed by physical gold have outperformed others tracking equities or fixed-income indices, bolstered by a surge in inflow from investors looking to profit from a recent rally in the safe-haven asset to a six-year high through such passive funds.Mirroring the gains in gold, which have returned 17.5 per cent year to date, prices of some of the seven gold-backed ETFs listed in Hong Kong and China have hit new highs.In Shanghai, HuaAn Yifu Gold ETF, the largest in… Source link

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Boris Johnson’s brother in Hong Kong backs his Brexit strategy as he plans UK hotel fund targeting Asian investors

Boris Johnson’s “do-or-die” strategy to take Britain out of the European Union could work, said his youngest half-brother Max, who plans to launch a £1 billion (US$1.2 billion) real estate fund targeting Asian investors.“I am confident that the prime minister can get [it] done, because he has true determination and conviction to deliver Brexit on or before October 31,” the Hong Kong-based banker-turned-entrepreneur said in an interview. “If he can’t do it, I don’t know who can.”“I would expect… Source link

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Vietnam 

Stocks slump as investors sell up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Passengers waiting to check in at the counters of local budget carrier Vietjet. The company was among the blue-chips that maintained their upward momentum yesterday. Photo thegioitre.vn   HÀ NỘI — Shares unexpectedly dropped in the final minutes of trading on Friday as investors looked to earn profits from recent rallies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.09 per cent to close at 974.34 points. The VN-Index had increased by 1.10 per cent in the previous two trading days. More than 192.3 million shares were traded on the southern…

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Aimed at China, Trump’s trade war shots keep businesses and investors on their toes

Markets have had an uncomfortable two weeks – largely due to the US government’s continued escalation of its trade war with China. Two major developments necessitate further reflection: new upcoming tariffs and the designation of China as a currency manipulator. Tariffs may be economically significant, but they are unlikely to weigh on trade negotiations. Meanwhile, designating China as a currency manipulator doesn’t change either side’s economic outlook, but it will be a major issue in trade… Source link

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