Vietnam 

VN stocks gain slower on rising caution – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In front of a Mobile World Investment Corp’s store in HCM City. The company’s shares pulled down the retail sector on Friday, contributing to a narrow of the stock market gain. — Photo thegioididong.com HÀ NỘI — Vietnamese shares ended Friday almost flat as investors tried exiting the local stock market, preparing for the possibility of bad news ahead. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up only 0.06 per cent to close the day at 980.00 points. The benchmark…

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Consumer stocks lift China and Hong Kong’s markets to close higher, reversing the declines during a tumultuous week

Consumer stocks lifted Chinese and Hong Kong indexes on Friday, as investors are betting that the Chinese government will dip into its coffers to provide financial stimulus to keep the economy growing.Hong Kong’s Hang Seng Index rose 0.9 per cent to close at 25,734.22 on Friday. The gauge fell 0.8 per cent during the week, the fourth week of declines, weighed down by lacklustre corporate earnings and the impact of escalating protests that earlier brought the city’s airport to a standstill for… Source link

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Vietnam 

KIS to sell covered warrants for four large-cap stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Real estate-retail-tech giant Vingroup (VIC) and its retail arm Vincom Retail (VRE) will soon have covered warrants. — Photo cafef.vn HÀ NỘI — KIS Việt Nam Securities Co (KIS) will issue covered warrants that underline shares of four large-cap firms – steel maker Hòa Phát Group (HPG), consumer staple firm Masan Group Corporation (MSN), real estate-retail-tech giant Vingroup (VIC) and its retail arm Vincom Retail (VRE). All four covered warrants will have a term of three months, with a conversion ratio of two to one for HPG and VRE and five to…

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Stocks blog: Asia stocks expected to follow US peers, open mixed

US markets closed mixed overnight after they collectively slammed down a session earlier. Expectations of a rate cut by the US Federal Reserve seemed to calm some nerves, as such a move was viewed as keeping a recession in the American economy – and a wider global economic slowdown – at bay. But trade uncertainties have refused to go away. Beijing hit back with its own tariffs, calling the imposition of 10 per cent levies on US$300 billion of Chinese goods a breach of agreements reached… Source link

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Cathay Pacific, Hong Kong property and telecom stocks shoot up despite overall sense of caution in markets

Bargain hunters who gambled on telecom, Hong Kong property and Cathay Pacific Airways stocks were rewarded Thursday, as they stepped beyond the caution that dominated Hong Kong and mainland China markets.Cathay Pacific Airways shot up 5.7 per cent. That was its second straight day of gains, after it fell to a 10-year low earlier in the week when it got caught up in a firestorm connected to some of its employees’ participation in protests that have shaken Hong Kong.Meanwhile, the… Source link

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Vietnam 

VN stocks fall on poor global economy prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ho Chi Minh Stock Exchange in HCM City. The benchmark VN-Index edged down 0.37 per cent to close Thursday morning at 965.36 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares traded in negative territory on Thursday morning as worries about the downtrend of the global economy hit local market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.37 per cent to close at 965.36 points. The VN-Index was up 0.22 per cent on Wednesday. More than 88 million shares were traded on the southern bourse,…

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Stocks blog: Will Hong Kong, mainland China join the recession party?

Well, that did not last long. A cheer brought on by a delay in tariffs on about US$300 billion worth of Chinese goods has proved to be short-lived. US equities tanked as much as 3 per cent overnight, spooking investors. And as chances of a recession build up, will Asia join the party? China and Germany released weak economic data on Wednesday, while the world’s largest gaming company, Tencent Holdings, posted disappointing results. Meanwhile, protests continue in Hong Kong for a 11th… Source link

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Global 

US stocks tumble on fears of looming recession

Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon.All three major US indices were sharply lower as short- and long-dated Treasury yields inverted for the first time in 12 years, a potential signal of imminent recession.Elsewhere, ominous indicators suggested a faltering global economy, hobbled by the intensifying US-China trade war, Brexit jitters and geopolitical concerns. Germany… Source link

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Vietnam 

VN stocks up, market outlook remains gloomy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Laptops on display at a Mobile World Investment Corp’s store. The firm stock was among large-cap items that boosted the Vietnamese stock market on Wednesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares finished Wednesday on a positive note but growth narrowed at the end of the session as investors stayed alert and tried to keep away from potential risks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.22 per cent to close at 968.91 points. The VN-Index fell 0.87 per cent on Tuesday.  Nearly 151.5…

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Hong Kong stocks pare gains after a strong start as weak Chinese data, protests weigh on sentiment

Hong Kong and Chinese markets reversed Tuesday’s losses on optimism over US President Donald Trump’s tariff concession, but gains were capped because of weak economic data from the mainland and ongoing protests in the city.The Hang Seng Index closed up 0.1 per cent at 25,302.28 on Wednesday. Twenty of the gauge’s 50 constituent stocks ended higher compared with only one in the previous session.The gains were led by smartphone components maker Sunny Optical Technology (Group), which jumped 8.7… Source link

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