Asian markets were cautiously higher on Wednesday (Oct 10), after a volatile session for US equities and as yields on Treasury bonds retreated from a seven-year peak. Asian stocks began Wednesday mixed after initial gains for Japanese shares fell back. (Photo: AFP/Martin Bureau) Tokyo edged up, ending a four-day losing run on bargain buying despite the higher yen's dampening impact. "After four days of falling ... Japanese shares are in a good place for bargain-hunting buys," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary. Hong Kong added 0.1 per cent while Shanghai closed 0.2 per cent higher, both moving back into positive territory for a second day after Monday's sell-off. There were also gains in Mumbai, with markets leaping 1.5 per cent after closing at a six-month low on Tuesday, and aviation stocks seeing a boost after domestic media reports that New Delhi may reduce a jet fuel tax. "(Indian) markets will continue to be volatile in the … [Read more...] about Asian markets cautious after US volatility
Volatile session
Market volatility expected as selling pressure rises
Viet Nam News HÀ NỘI — A big drop on Friday has signalled Việt Nam’s benchmark VN-Index may continue falling this week as investors worry about global markets and earn some profits from local stocks. The benchmark VN-Index on the HCM Stock Exchange dropped 1.49 per cent to close Friday at 1,008.39 points. The southern market index had gained total 1 per cent in the previous three straight sessions but Friday’s decline has erased its entire growth last week. The VN-Index ended last week 0.86 per cent lower than the previous one. The HNX Index on the Ha Noi Stock Exchange lost 1.37 per cent to end at 114.67 points, putting an end to its two-day increase of total 1.1 per cent. The northern market index dropped total 1.38 per cent on a weekly basis. An average of nearly 308 million shares was traded in each session last week, worth VNĐ9.5 trillion (US$412.4 million). The sharp increase in trading liquidity was attributed to foreign purchases … [Read more...] about Market volatility expected as selling pressure rises
PM Phuc’s remarks at opening session of WEF on ASEAN 2018
THE 2018 WEF-ASEAN – TO JOIN HANDS IN BUILDING THE ASEAN COMMUNITY IN THE FOURTH INDUSTRIAL REVOLUTION ERA Nguyen Xuan Phuc, Member of the Politburo, Prime Minister The world is changing rapidly, driven by the shifts in globalization and the tremendous leaps of science, technology and the Fourth Industrial Revolution. Against such backdrops, the ASEAN countries are making every effort to overcome challenges and harness opportunities for development in order to realize the 2025 ASEAN Community Vision, for the establishment of a strong ASEAN Community that shall further uphold its central role in regional mechanisms. As the host country for the 2018 World Economic Forum (WEF) on ASEAN Summit (2018 WEF-ASEAN), it is Viet Nam's crucial responsibility to work together with WEF and ASEAN members to discuss issues pertinent to their national development in the midst of the Fourth Industrial Revolution. Such discourse shall help realize the 2025 ASEAN Vision, in the interest … [Read more...] about PM Phuc’s remarks at opening session of WEF on ASEAN 2018
VN Index to rise amid volatility, weak liquidity
Investors follow stock movements at FPT Securities Company (FPTS) in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market. The benchmark VN Index on the HCM Stock Exchange was down slightly to end at 987.95 points on August 24. It made a weekly gain of 1.9 percent last week. The HNX Index on the Hanoi Stock Exchange advanced 1 percent the same day to finish last week at 111.62 points, making an increase of 3.33 percent week on week. The HNX Index on the Hanoi Stock Exchange advanced 1 percent the same day to finish last week at 111.62 points, making an increase of 3.33 percent week on week. According to analysts, the VN Index may continue rising this week to reach its old peaks of 990 points and 1,000 points with strong volatility and low trading … [Read more...] about VN Index to rise amid volatility, weak liquidity
VN Index seen to rise amid volatility, weak liquidity
Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market. The benchmark VN Index on the HCM Stock Exchange was down slightly to end Friday at 987.95 points. It made a weekly gain of 1.9 per cent last week. The HNX Index on the Ha Noi Stock Exchange advanced 1 per cent the same day to finish last week at 111.62 points, making an increase of 3.33 per cent week on week. The HNX Index on the Ha Noi Stock Exchange advanced 1 per cent the same day to finish last week at 111.62 points, making an increase of 3.33 per cent week on week. According to analysts, the VN Index may continue rising this week to reach its old peaks of 990 points and 1,000 points with strong volatility and low trading liquidity. Last week, the Vietnamese stock market recorded an average of 193 million shares being traded on … [Read more...] about VN Index seen to rise amid volatility, weak liquidity