Vietnam 

Car imports skyrocket in first half of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  June saw Việt Nam purchase $291 million of spare car parts, down 18.4 per cent month-on-month. — Photo baodautu.vn HÀ NỘI — Việt Nam imported 75,437 assembled cars in the first six months of 2019, six times more than in the same period last year, according to the General Department of Customs. The value of imported cars also increased by more than five times from January to June, reaching US$1.63 billion. Of the imported cars, 54,927 vehicles were nine-seat cars or smaller, up six-fold year-on-year, and 17,879 were trucks, also up more…

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Chinese terminal operator Rizhao Port Jurong’s shares skyrocket in Hong Kong trading debut after retail investors rejected them

Shares of Rizhao Port Jurong, a spin-off of one of China’s largest port operators, skyrocketed by 167 per cent on their Hong Kong trading debut on Wednesday – even after selling just a quarter of its retail shares.The stock soared by 267 per cent to HK$5.5 from its offer price of HK$1.5 at one point in the afternoon, before falling back to end the session at HK$4. The company raised a total of HK$546.7 million (US$69.8 million) of capital through the listing.The stunning debut performance is in… Source link

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Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining 745 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100’s surge topped 4 per cent. The rally didn’t surpass the post-Christmas breakout, but it ranked among the steepest of the bull market. Stocks opened sharply higher after data showed a spike in hiring last month that was accompanied by faster wage growth…

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