Advertisements Australian S&P/ASX 200 index lost 0.34% during early trade and Japan’s Nikkei 225 fell 0.35%. The VN-Index soared 3.32 percent, or 35.76 points, to 1,111.29 points, while Hong Kong’s Hang Seng index futures lost 0.16% Visit Vietnam Insider’s homepage for more stories Asian stocks came under pressure on Thursday as a mixed Wall StreetContinue reading “Despite calmer markets, Asian stocks ease as caution persists”
Category Archives: Finance
Reddit investors worry about losing GameStop focus
Advertisements Retail investors on the popular online forum WallStreetBets expressed concerns on Monday that bets on silver were undercutting their focus on GameStop Corp and other popular stocks. Posts that argued against buying silver at the expense of GameStop swarmed across the 7.9 million-member discussion board as shares of GameStop fell 30.8% to close atContinue reading “Reddit investors worry about losing GameStop focus”
Vietnam obtains trade surplus of US$1.3 billion in January
Advertisements Despite the impact of the COVID-19 pandemic, Vietnam has obtained a trade surplus of US$1.3 billion in January, according to the Ministry of Industry and Trade. The total import-export value for January hit US$54.1 billion, representing an increase of 45.7% compared to the same period of 2020, the ministry said. Of the total, exportsContinue reading “Vietnam obtains trade surplus of US$1.3 billion in January”
Stocks in Asia-Pacific mixed in Monday morning
Advertisements Stocks in Asia-Pacific were higher in Monday morning trade as data releases showed manufacturing activity in China growing at a slower pace in January. Mainland Chinese stocks nudged higher as the Shanghai composite rose 0.2% while the Shenzhen component advanced 1.23%. The Hang Seng index in Hong Kong jumped 1.14%. A private survey showedContinue reading “Stocks in Asia-Pacific mixed in Monday morning”
Wall Street had its worst week since October
Advertisements The selling came as Wall Street was consumed by the antics of a group of day traders who have been bidding up a handful of stocks — notably the ailing video game retailer GameStop — and forcing losses on big hedge funds. The traders appear to be mostly small investors who are focused onlyContinue reading “Wall Street had its worst week since October”
VN-Index rebounds after the record drop
Advertisements The VN-Index rebounded 3.19 percent to 1,056.61 points Friday, driven by bottom-fishing cash from both domestic and foreign investors. Selling momentum from Thursday’s 6.67 percent plunge sank most stocks on the Ho Chi Minh Stock Exchange (HoSE) into the red, but this lasted only for the first 15 minutes of the session, when at-the-openContinue reading “VN-Index rebounds after the record drop”
Optimizing ATM networks through ATM Solutions
Advertisements The successful management of its ATMs is essential to the growth of every bank and other financial institutions. But usually, this task turns out to be harder than anticipated and leads to losses that could have been avoided. One of the main problem areas when it comes to ATM management is the optimization ofContinue reading “Optimizing ATM networks through ATM Solutions”
Standard Chartered Bank names Michele Wee as its new CEO for Vietnam
Advertisements Michele Wee was the Head of Financial Markets for Singapore, Australia, and Brunei of Standard Chartered Bank She takes over the reins from Nirukt Sapru. Her key focus will be on providing valuable support and benefits to our clients, regulators and the communities, building on our unrivalled local knowledge and international expertise. Visit VietnamContinue reading “Standard Chartered Bank names Michele Wee as its new CEO for Vietnam”
Vietnam stock market sees worst single-session loss since 2001
Advertisements Stock market sees the worst single-session loss since Vietnam began trading stocks in 2001 as VN-Index freefalling Vietnam’s stock market had been growing faster than the general economy as a warning Visit Vietnam Insider’s homepage for more stories The VN-Index plummeted 6.67 percent, or 73.23 points, to 1,023 points Thursday, the worst single-session lossContinue reading “Vietnam stock market sees worst single-session loss since 2001”
All 30 of the HoSE’s largest caps sunk to lower circuit: first time this happens
Advertisements All 30 of the Ho Chi Minh Stock Exchange’s (HoSE) largest caps have sunk to their lower circuit for the day, the first time this has happened ever. After closing at 1.026,27 points at the end of the morning session, a 6.46 percent or 70-point decrease, the VN-Index continued to plummet on news thatContinue reading “All 30 of the HoSE’s largest caps sunk to lower circuit: first time this happens”
Techcombank profits rise sharply
Advertisements Vietnam’s largest private lender, Techcombank, reported a 23 percent rise in pre-tax profit last year to VND15.8 trillion ($683.62 million). It remained the third most profitable bank in the country behind state-owned Vietcombank and VietinBank. Its revenues rose 28 percent to VND27 trillion, nearly 70 percent of it interest income. The rest mostly comprisedContinue reading “Techcombank profits rise sharply”
South Korean investors continue to inject billions of dollars into Vietnam
Advertisements South Korean investors are continuing to inject billions of dollars into Vietnam, including the stock market, to seek opportunities from one of the fastest growing economies in the world. Pinetree Securities has announced its holding company – Hanwha Investment & Securities in South Korea – has pumped more capital into it to raise itsContinue reading “South Korean investors continue to inject billions of dollars into Vietnam”
HCM City is one of the most preferred cross-border markets in the Asia-Pacific
Advertisements Ho Chi Minh City is the fifth most preferred destination in the Asia-Pacific for cross-border investment thanks to its diversification of supply chains, CBRE said. In its Asia Pacific Investor Intentions report, the American property consultancy said Vietnam’s southern metropolis ranked after only Tokyo, Singapore, Seoul, and Shanghai in a poll of more than 490 AsiaContinue reading “HCM City is one of the most preferred cross-border markets in the Asia-Pacific”
Investor anxiety mounts over prospect of stock market ‘bubble’: Financial Times
Advertisements Veteran managers warn over exuberance as stock valuations and other signals flash red Screaming stock rallies and wild speculation by have-a-go amateur investors are stirring concerns among market veterans over a bubble to rival anything seen in the past century. After a dramatic rebound from the coronavirus crash last March, benchmark equity indices haveContinue reading “Investor anxiety mounts over prospect of stock market ‘bubble’: Financial Times”
Ethereum explodes 21% in just one day and expected to double in the next two weeks
Advertisements Ethereum struck a new all-time high above $1,470 on today, scoring a 21% gain within 24 hours. The latest of Ethereum’s record high came on the seventh-year anniversary of the cryptocurrency’s launch. Analysts expect the its price to rise as high as $3,000 in the next few weeks. Visit Vietnam Insider’s homepage for moreContinue reading “Ethereum explodes 21% in just one day and expected to double in the next two weeks”