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Hemp-related stocks surge after third Chinese province expected to legalise cultivation

The industrial hemp sector posted a big jump Monday morning on the Chinese stock market, as funds flew into the sector after local government media reported that northeastern Jilin province is expected to legalise its cultivation.Jilin would be the third province to cultivate the plant in China, which is the world’s largest hemp producing country. Yunnan and Heilongjiang provinces grow it already.Marijuana growth and consumption is illegal in China, but hemp – also part of the cannabis family –… Source link

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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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Vietnam 

Vietnam stocks to progress amid profit-earning pressure – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The benchmark VN-Index on the Ho Chi Minh Stock Exchange on Friday dropped 0.15 per cent to retreat from its four-day rally of total 4.8 per cent, ending last week at 950.89 points – a weekly increase of 4.64 per cent.— VNA/VNS Photo HÀ NỘI – After performing quite well in the first trading week after returning from a week-long Tết (Lunar New Year) holiday, market volatility is in focus this week with strong profit-taking possible following the…

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Vietnam 

VN stocks retreat from four-day rally – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese shares corrected from a four-day rally on strong selling pressure as investors attempted to cash out from the surging markets.– Photo baodauthau.vn HÀ NỘI – Vietnamese shares corrected from a four-day rally on strong selling pressure as investors attempted to cash out from the surging markets. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.15 per cent to close Friday at 950.89 points. The southern market index had rallied 4.8 per cent…

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Hong Kong, China stocks fall as dramatic slump in US retail sales hits markets

Hong Kong and China stocks got off to a poor start on Friday after a dramatic fall in US retail sales, and a resurfacing of scepticism over a possible trade deal being reached dragged markets down. The Hang Seng Index, Hong Kong’s benchmark, slumped by more than 300 points within a quarter of an hour of the market opening before clawing back some ground to trade 0.81 per cent, or 230.84 points, lower at 28,201.21. In mainland China the CSI 300, which tracks blue chips listed in Shenzhen and Shanghai,…

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Hong Kong stocks open lower as market awaits Chinese economic data, US trade talks news

Hong Kong stocks opened lower, while Chinese equity benchmarks were mixed on Thursday morning. Investors were watching for developments coming out of Beijing today and tomorrow as they sized up positive remarks by US President Donald Trump about trade talks with China. The Hang Seng Index gave up some of the more than 300 points it gained on Wednesday, as it opened down 0.1 per cent, or 28.53 points, at 28,469.06. On Wednesday, President Trump told reporters at the White House that trade talks with China were “going along very…

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Hong Kong stocks open higher as Trump hints at trade truce extension and prospect of ‘real deal’ with China

Hong Kong stocks opened higher on Wednesday, mirroring the gains seen overnight in the US after President Donald Trump hinted he may be prepared to let the looming deadline for Chinese trade negotiations slide. The benchmark S&P 500 index rose by more than 1 per cent yesterday. The Hang Seng Index was trading at 28,206.12, up 0.12 per cent or 34.79 points, on Wednesday morning. The gains in Hong Kong were in line with the benchmark indexes in Japan and Korea, where the Tokyo Nikkei 225 was up 1.33 per…

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US stocks surge on optimism about deal to end China trade war, after Trump suggests he might let tariff deadline ‘slide’

US stocks marched higher on Tuesday amid renewed optimism over the potential for a trade deal between the US and China. Technology, financial and health care stocks powered much of the rally, which gave the benchmark S&P 500 index its biggest gain this month and capped a three-day winning streak. The wave of buying also drove a 372-point gain for the Dow Jones Industrial Average, ending the average’s four-day run of losses. US President Donald Trump said Tuesday that he might let a March 2 deadline slide in trade talks…

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Vietnam 

VN stocks jump on 2019 earnings outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares rose strongly on Tuesday to extend gains for a second session as investor sentiment remained positive on 2019’s corporate performances. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.24 per cent to close at 937.54 points. The southern market index has increased by total 3.18 per cent in the last two trading days, setting its two-month high since December 14. More than 188.4 million shares were traded on the southern exchange, worth VNĐ4.2 trillion (US$180.2…

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Smartphone giant Xiaomi, Tencent Music among a dozen stocks to be added to MSCI China Index

Smartphone giant Xiaomi and online video platform Iqiyi are among a dozen listed companies to be added to MSCI’s benchmark Chinese equities gauge, the global index compiler announced on Monday. The inclusion of the stocks in the MSCI China Index at the end of February is likely to benefit them in the long term because they may attract global funds that track such indexes, said analysts. MSCI claims to serve “99 of the top 100 largest money managers”. “Those funds will not buy and sell frequently but [they will] hold…

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