Vietnam 

VN-Index falls after a 7-day rally – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vinamilk organic cattle farm. The firm’s shares dropped 0.5 per cent on Friday morning. — Photo cafef.vn HÀ NỘI — Việt Nam’s benchmark VN-Index fell on Friday morning as investors sought short-term profits from the index’s recent rally. The benchmark VN-Index on the HCM Stock Exchange dropped 0.34 per cent to close at 993.83 points. The southern market index had gained total 3.15 per cent in seven straight days since August 13. More than 86.4 million shares were traded on the southern bourse, worth VND1.9 trillion (US$81.5 million).…

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Singapore 

National Day Rally 2019: 8 things to know about PM Lee Hsien Loong’s speech, Singapore News

SINGAPORE – Prime Minister Lee Hsien Loong, in his National Day Rally speech on Sunday (Aug 18), discussed the challenges facing Singapore and the steps that the Government will take to renew the city for the next century. In Singapore’s bicentennial year, he called on Singaporeans to carry the grit and resolve of their forefathers in tackling difficulties ahead, such as a slowing economy, trade tensions between the United States and China, and climate change. To make the education system as accessible as possible, he announced changes to pre-school and…

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Home 

Ping An posts biggest jump in interim net profit since 2015, helped by a one-time tax benefit and a stock market rally in China

Ping An Insurance (Group), China’s largest insurer by value, posted the biggest jump in interim net profit since 2015, bolstered by a one-time tax benefit, a stock market rally and growth in its new business units.Net income soared 68 per cent to 97.7 billion yuan in the six months ended June 30, beating the 19 per cent increased expected in a Bloomberg survey of analysts. Revenue rose 17 per cent to 690.25 billion yuan (US$98 billion), while basic earnings per share rose 23.7 per cent to 4.12… Source link

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Stocks blog: Markets expected to rally as Trump delays some tariffs

It is not every day that US President Donald Trump lightens the mood. But amid the gloom that has descended on Hong Kong amid an escalation in protests, a delay in tariffs on some items until December 15 announced overnight could be welcomed – and even embraced by some sections of the markets. It should not come as a surprise that US markets all closed higher overnight. The S&P 500 rose 1.48 per cent, the Nasdaq was up 1.95 per cent and the Dow Jones Industrial Average gained 1.48 per…

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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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Bitcoin tops US$11,000 level as major cryptocurrencies rally amid trade tensions

Bitcoin climbed past the US$11,000 level for the first time since mid-July to lead gains among the biggest cryptocurrencies, as risk assets across Asia tumbled on escalating trade war tensions.The largest cryptocurrency surged as much as 12 per cent from Friday’s close and traded at US$11,565 at 12:50pm in Hong Kong, according to consolidated Bloomberg pricing. The Bloomberg Galaxy Crypto Index tracking a basket of cryptocurrencies jumped as much as 7.2 per cent, as rival digital coins… Source link

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Vietnam 

Shares end week in negative note after three-day rally – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers buy petrol at a Petrolimex petrol station in Hà Nội. Foreign investors bought a net value of more than VNĐ188 billion of Petrolimex’s shares on Friday. — VNA/VNS Photo Minh Quyết HÀ NỘI – Shares closed the week on a negative note after a three-day rally as many large caps unexpectedly lost value by the end of the session. On the Hồ Chí Minh Stock Exchange, the VN-Index edged down 0.33 per cent to close Friday at 975.40 points. Việt Nam’s benchmark index rose 1.3 per…

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Why the stock market rally will not last long, despite dovish moves by central banks

Few would have predicted at the end of last year, when stock markets were in free fall, that global equities would bounce back so spectacularly.In the first half of 2019, the MSCI All-Country World Index, a leading gauge of shares in developed and developing economies, surged almost 15 per cent, its best first half of the year since 1997. The fierce rally has left the index just 4.5 per cent shy of its all-time high reached in January last year.The dramatic gains in stock prices stem mainly… Source link

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Vietnam 

Shares extend rally on credit growth limit relaxation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Transactions at Vietcombank’s Vĩnh Yên branch. Shares of Vietcombank surpassed its 2008 peak to close at VNĐ74,000 (US$3.18) per share on Thursday. — VNA/VNS Photo Trần Việt HÀ NỘI  Shares extended their gains on the nation’s two exchanges on Thursday, with the banking sector leading the market following the news that the central bank would relax credit growth limits for some banks this year. The VN-Index on the Hồ Chí Minh Stock Exchange rose for a third day, closing up 0.51 per cent at 978.63 points. It gained 1.3 per cent over the…

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Hong Kong’s MPF wipes out last year’s losses with strong first-half gains thanks to stocks rally, easing of trade war

Hong Kong’s compulsory pension scheme has clawed back all of last year’s losses as a global stock market rally and an easing in trade tensions boosted returns in the first half of 2019.The HK$813 billion (US$104.43 billion) Mandatory Provident Fund on average achieved 8.43 per cent growth in the first half of this year, according to Lipper, which is a part of financial markets data provider Refinitiv.The fund lost 8.21 per cent last year, its worst decline since 2011 when markets were hit by… Source link

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