Vietnam 

Selling pressure pulls down VN-Index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Shares ended on a negative note on Tuesday as selling force suddenly increased at the end of trading session, pushing many large-cap stocks down and making the market regress. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.52 per cent to close at 1,006.59 points. The southern market index had climbed 0.77 per cent to close Monday at 1,011.86 points. More than 236.5 million shares were exchanged on the southern bourse on Tuesday, worth VNĐ5.8 trillion (US$247.2…

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Vietnam 

VN stocks decline as selling hits large-caps – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI Vietnamese shares fell on Friday, ending a three-day rise, as investors continued seeking short-term profits on the last day of exchange-traded funds’ review. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged down 0.43 per cent to close at 1,004.12 points. The southern market index had gained total 2.41 per cent in the previous three trading days and climbed above the milestone of 1,000 points. For the whole week, the VN-Index gained total 1.91 per cent. More than…

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Home 

Philippine developer pitches golf fairway views as selling point, but how about Manny Pacquiao for a neighbour

Property developers in the Philippines are capitalising on demand for homes with views of golf fairways, often selling them at a high premium.“Golf courses add value to nearby properties,” said Ferdinand Martin Romualdez, president of the prestigious Manila Golf and Country Club. “The real estate projects facing the club command a premium price because of the good views and the greens.” David Faulkner, managing director for valuation and advisory services at Colliers Asia, said golf courses… Source link

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Chinese Estates, selling a single home last year, posts a 72 per cent plunge in profit as sales and equity investments shrink

Chinese Estates Holdings, the Hong Kong real estate developer controlled by the family of tycoon Joseph Lau Luen-hung, reported its biggest profit plunge since 2010, as it sold a single apartment unit amid a cooling property market last year.The company, chaired by Lau’s 38-year-old son Lau Ming-wai, had a tough year in 2018, selling a single home at its 55 Conduit Road luxury project. The 4,170-square foot (387 square metre) Mid-Levels luxury apartment, which transacted for HK$286.2 million … Source link

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Facebook sues China-based companies in the US for selling fake accounts

Facebook and its Instagram unit sued four companies and three people based in China for promoting the sale of fake accounts, likes and followers that the social network giant says can be used for nefarious purposes.The Chinese companies advertised and created the fake accounts over the last two years and marketed them for sale on six websites, selling them in bulk quantities, according to a complaint filed on Friday in San Francisco federal court.“Fake and inauthentic accounts can be used for… Source link

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China’s insiders are busy selling stocks on the back of the buying frenzy brought by MSCI’s increase of A share weightings

Foreigners are finally warming to China.It’s no surprise: In just two months, the country’s stock market has done a 180. Investors from abroad were net buyers of more than 120 billion yuan (US$18 billion) of shares this year through Hong Kong’s Stock Connect. In hindsight, MSCI’s decision to include mainland stocks in its benchmark indexes last May seems like a wise one.Late Thursday in New York, MSCI said it will increase the weighting of A shares in its China indexes and related benchmarks by… Source link

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Vietnam 

Gold selling price rise varies from store to store – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year. Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year. On Thursday, DOJI Gold & Gems Group JSC listed the gold buying and selling prices at VNĐ36.60 and…

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Vietnam 

Gold selling price’s rise varies from store to store on God of Wealth day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers buy gold for luck at Bảo Tín Minh Châu Jewellery and Gemstone Company. Viet Nam News HÀ NỘI — Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year. Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year. At 8:15 this morning,…

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Home 

Wave of selling at end of Xiaomi’s lock-up period raises questions about what’s ahead for other newly listed firms in Hong Kong

Investors locked into holding newly listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. The shackles will soon be off. Xiaomi Corp. saw a wave of selling after its lock-up period – when key investors are banned from selling stock – ended three weeks ago. Similar restriction terms are due to end for China Tower next month, followed by Meituan Dianping and Haidilao International Holding in late March. They’re among more than 50 companies whose mandatory holding periods are yet to expire…

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Property 

Jiayuan share crash coincided with selling by chairman and his wife, disclosure shows

A Hong Kong developer, who holds the record for some of the smallest abodes built in the city, lost more than 80 per cent of its market value last week after a massive sell-off led by its chairman and his wife. Jiayuan International Group chairman Shum Tin Ching and his wife Wang Xinmei sold a combined 93.62 million shares on Thursday at an average price of HK$2.7, according to a Hong Kong stock exchange filing on Monday. That accounts for 26 per cent of the trading volume on Thursday, and…

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