Vietnam 

Shares subdued at the end of the week – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese shares had a dreary trading session on Friday with indices dragged down by the poor performance of large-cap companies.— VNA/VNS Photo HÀ NỘI — Vietnamese shares had a dreary trading session on Friday with indices dragged down by the poor performance of large-cap companies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.16 per cent to close at 993.35 points. The index gained 0.66 per cent on Thursday. The VN-Index failed to conquer 1,000 points again as selling pressure strengthened near that level and sent large-cap…

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China stocks drop amid low volatility as caution over subdued earnings, growth mounts

China stocks fell for the first time in four days on Tuesday as traders assessed the outlook for corporate earnings and economic growth. Volatility on the benchmark Shanghai Composite Index also fell to about a four-month low.The index declined 0.2 per cent, or 4.57 points, to 2,937.62 at the close. The daily swing in the benchmark has not exceeded 1 per cent over the past week on a closing basis, leaving the gauge’s 60-day volatility close to its lowest level since March.In Hong Kong, the Hang… Source link

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Sun Hung Kai pays US$1.43 billion for Kai Tak residential plot in subdued tender that underscores downbeat market

Sun Hung Kai Properties, Hong Kong’s biggest developer, has won a government tender for the fourth plot of residential land at Kai Tak, paying HK$11.26 billion (US$1.43 billion) for the parcel at the city’s former airport. At HK$17,360 per sq ft, the winning price for Kai Tak Area 4C Site 3 was the highest paid for a purely residential plot in the area, close to the lower end of the price range expected by valuers, of between HK$10.4 billion and HK$13 billion, or HK$16,000 to HK$20,000 per sq ft. “The…

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