Vietnam 

Việt Nam needs to target halal markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam has missed out on US$23.6 billion in exports to the halal market, experts have said. Photo courtesy of thoibaonganhang.vn HCM City – Việt Nam has missed out on US$23.6 billion in exports to halal markets, according to experts who spoke at a seminar on standards needed for Halal certification on Monday. The event was organised by the HCM City Investment and Trade Promotion Centre (ITPC). Director of ITPC Phạm Thiết Hoà said the logo that certifies halal standards on products was proof that it could be…

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Global 

Stock markets back in favour at Credit Suisse as hopes rise of US-China trade war breakthrough

Credit Suisse believes now is the time to focus on the equities market as political uncertainty has lessened in Europe, central banks are undertaking stimulus measures and hope is growing that tensions could ease in the US-China trade war.Michael Strobaek, Credit Suisse’s global chief investment officer, said the bank is shifting the balance of its portfolio towards equities as it has become “more sanguine” about developed stock markets. In particular, the Swiss bank is favouring US equities… Source link

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Home 

Stocks Blog: China gives foreign investors unfettered access to its stock markets, scraps investment quotas

Good day, traders. China took a big step Tuesday after mainland markets closed and scrapped two equity investment limits for foreigners, giving global traders unfettered access to the world’s second-largest capital market. We’ve got you covered on the major news and moves in mainland and Hong Kong markets. If you have any feedback about our blog, please send it to deb.price@scmp.com. And, due to a number of reader requests, we are doing an experiment and sending out the blog each day by… Source link

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Home 

Markets remain confident about Hong Kong’s future, even though poor leadership is undermining it

Financial markets are notoriously poor at assessing and pricing “tail risks”, improbable yet dramatic events that spread panic across asset classes and often pose a systemic risk. The threat of military intervention to quell the protests that have wracked Hong Kong for the last three months is one of several tail risks investors are having to contend with. A crackdown would put an end to the “one country, two systems” arrangement, affecting the safe haven status that underpins the city’s role… Source link

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From US to China, Britain to Argentina, geopolitics are roiling markets, starting with currencies

Geopolitics might as well be the theme of the year. United States-China. Brexit. Argentina. Italy. South Korea-Japan. US-Iran. Hong Kong. Each of these geopolitical flashpoints has roiled markets in recent months. New headlines invariably result in local equity market sell-offs and rallies in high-quality fixed income.Currencies are often the biggest movers; liquid markets and round-the-clock pricing mean foreign exchange markets often have time to react before political developments can be… Source link

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China stocks weighed down by financials and utilities, while health care shares offer respite to Hong Kong markets

Hong Kong stocks ended four days of losses to close up 0.3 per cent on Thursday, with investors taking a respite from the city’s economic woes and US-China trade war-related concerns and buying defensive health care stocks.In mainland China, the CSI 300 index, which tracks blue-chips listed in Shenzhen and Shanghai, closed 0.3 per cent lower at 3,790.19, while the Shanghai Composite Index fell 0.1 per cent to 2,890.92. Financials once again weighed on the indices, while software stocks rose.The… Source link

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China using Shenzhen to hedge its bets and reduce reliance on Hong Kong as gateway to West, says long-time global markets adviser

China is using Shenzhen to hedge its bets and reduce its reliance on Hong Kong, the gateway to the West that is caught up in political turmoil, according to Water Cheung, Asia-Pacific chief executive for Storm Harbour Securities, a global markets and financial advisory firm.“If I am Beijing, I would definitely try to hedge this situation, in terms of promoting Shenzhen as another international city,” said Cheung, who has 30 years experience in investment banking. “I think they have no choice … Source link

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Vietnam 

Market’s best perfomers lose steam due to difficulties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HÀ NỘI —  A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances. Tiền Giang Province-headquartered Hùng Vương Corporation (HVG), leading exporter of tra and basa catfish, saw its shares plummet to an all-time low of VNĐ2,520 per share on August 20 after the company announced a loss of VNĐ129 billion (US$5.5 million) in after-tax profit in Q3 this year. The firm continues to suffer heavy losses due to a series of simultaneous problems such as rising interest expenses and…

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Stocks Blog: Protests, trade to weigh on Hong Kong, China markets

Good day, traders — What a weekend. Water cannons were for the first time employed against Hong Kong’s protesters. And US Donald Trump and  Beijing ramped back up the trade war, with Trump saying he wished he had hit China with even bigger tariffs. Amid the concerns — which include fears of a global recession — gold continued its remarkable year’s run, with a spot price now of US$1,547.49. Its year-to-date return is 20.66 per cent. In comparison, the Hang Seng Index is up just at 1.29 per… Source link

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US-China trade war turmoil and global economic gloom cast a dark shadow on Asian equity markets

With many investors on their summer holidays, it is natural to think August should be a quiet time for financial markets. But this August has been an exception.One key cause of market volatility has been the intensification of US-China trade tensions, which has rattled investors’ nerves. The trade truce reached by the two sides on the sidelines of the Osaka G20 summit was broken, as US President Donald Trump threatened to slap 10 per cent tariffs on the remaining US$300 billion of Chinese… Source link

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