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China stocks rise to 13-month high, as China Life’s earnings forecast brightens outlook

China’s stocks rose on Friday, with the benchmark reaching a 13-month high, as a profit forecast from bellwether China Life Insurance spurred optimism that corporate earnings growth will pick up.The Shanghai Composite Index closed 0.6 per cent higher, reflecting its highest level since March 21, 2018 and capped a weekly gain of 2.6 per cent. The CSI 300 Index of big-caps gained 1.2 per cent. Hong Kong’s market was shut for an extended holiday and will reopen on Tuesday.With China reporting… Source link

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China sees brighter outlook for yuan and foreign investment as US-China trade war deal nears

The odds of capital exodus from China and of a slide in the value of the yuan exchange rate have diminished thanks to China’s steady domestic growth, progress in trade talks with the United States and the decision by the US Federal Reserve to halt its interest rate increases, China’s foreign exchange regulator said on Thursday.The US Federal Reserve’s announcement that it no longer plans to raise interest rates this year will mean that the difference between US and Chinese interest rates will… Source link

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Stocks Blog: China's surging credit data brightens stock outlook

Welcome back to the SCMP’s live stocks blog. Each day, we cover the mainland and Hong Kong markets closely, telling you what is happening and why. We also feature our “Crystal Ball,” in which leading experts offer you their insights on where they think sectors and companies are going. We hope you will check in with us many times a day, to keep up with the latest action and better learn these incredibly important markets. Your market guides today will be Zhang Shidong in Shanghai and Deb… Source link

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Vietnam 

Fitch assigns Việt Nam ‘s EVNNPT first-time ‘BB’ rating; outlook stable – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Fitch Ratings on Wednesday assigned Việt Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’. Photo EVN  HÀ NỘI — Fitch Ratings on Wednesday assigned Việt Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’ with a stable outlook for the first time. The agency has also assigned EVNNPT a senior unsecured rating of ‘BB’.  EVNNPT’s ratings are based on the consolidated profile of Việt Nam Electricity (EVN, BB/Stable, standalone credit profile: BB), which owns 100 per cent…

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Vietnam 

SP raises VN’s credit rating with a stable outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish processed for export at Cửu Long An Giang Seafood Import – Export Company in An Giang Province. S&P gave a stable outlook on Việt Nam, reflecting expectation that the economy would continue to expand rapidly.  — VNA/VNS Photo Vũ Sinh HÀ NỘI  Standard and Poors (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Việt Nam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports. Late last week, S&P raised its long-term…

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Vietnam 

Upbeat outlook for Việt Nam’s MA market in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News After posting a reduction last year, the Vietnamese merger and acquisition (M&A) market is expected to grow this year, fuelled by the adoption of new free trade agreements and the Government’s reforms to facilitate foreign investment. M&A expert Yee Chung Seck, partner of multinational law firm Baker & McKenzie, talks with Việt Nam News reporter Nguyễn Thu Hà about the outlook for the market in 2019. Despite a decline across the market last year, M&A activities in the retail sector were positive. Will this trend…

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Global 

China’s fragile trade economy could be at risk, as EU outlook goes from bad to worse

A recession in Europe would hit demand for Chinese exports and could lead to a further narrowing of China’s trade balance, analysts have said.Existing concerns that Europe was on the verge of a recession were stoked on Friday by new data which shows the bloc’s manufacturing sector is struggling.The euro zone purchasing managers index (PMI) showed that manufacturing contracted in March, at a rate not seen in nearly six years. Along with the already weak performances of major European economies… Source link

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Hong Kong and China stocks tread lower as investors worry over economic outlook

Hong Kong and China stocks edged lower in early trading on Wednesday as uncertainties over the mainland’s economic outlook resurfaced.The benchmark Hang Seng Index fell 150 points, or 0.5 per cent, to 28,771.56, after rising 400 points gain in the previous session.The Shanghai Composite Index was marginally lower, losing 2.35 points, or 0.08 per cent to 3,057.96. As of Tuesday the index had gained about 23 per cent thus far this year, making it the world’s best performing equity gauge this year… Source link

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Vietnam 

Vietnamese đồng given stable outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The đồng is forecast to be supported by a positive outlook for foreign inflow. – VNA/VNS Photo Viet Nam News HÀ NỘI — The Vietnamese đồng would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the đồng and the US dollar as well as the stability of the Chinese renminbi, experts said. According to analysts from the Saigon Securities Inc, the đồng’s stability will be supported as outlook of the country’s disbursement of foreign direct investment (FDI) and foreign indirect…

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China and Hong Kong stocks climb on record new lending and trade deal outlook

China and Hong Kong stocks rose for the first time in three days after official data showed that new lending by mainland banks surged to a record in January and on optimism that the Asian nation and the US are close to clinching a deal to resolve their trade dispute.The Shanghai Composite Index rose 1.3 per cent, or 33.68 points, to 2,716.06. Hong Kong’s Hang Seng Index added 1.4 per cent, or 378.93 points, to 28,279.77.Traders cheered the news that China’s banks are pumping more money into the… Source link

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