Foreign investors net bought US$2.8 billion in 2018, 2.3 times the figure in 2017. It was also a new record high for the Vietnamese equity market since 2008. - Photo vietnambiz.vnViet Nam News HÀ NỘI – The net value of foreign capital flowing into Việt Nam’s equity market in 2018 hit US$2.8 billion, according to State Securities Commission vice chairman Phạm Hồng Sơn. That figure was almost 2.3 times the figure of $1.23 billion in 2017 and set up a new record high of net foreign purchases since 2008, Sơn said at a meeting on Wednesday, adding foreign capital had started to leave other Southeast Asia markets. The total value of foreign investment in Việt Nam as of the end of 2018 was estimated at $32.8 billion. In 2018, the global economy saw strong growth amid worries about uncertain geo-political conditions, the US Fed’s rate hikes and trade tensions between the biggest economies. Those worries were reflected in … [Read more...] about 2018 a banner year for local equity market
Asia equity markets
M&A activity is increasing in Southeast Asia
(VEN) - Standard Chartered Bank, in collaboration with the Malaysia Business Chamber Vietnam and Singapore Business Group, organised the ASEAN Mergers and Acquisitions (M&A) seminar in Ho Chi Minh City on May 25, drawing over 100 representatives from Asia and local businesses. Theng Bee Han, President of Malaysia Business Chamber said: “ASEAN is currently the World's sixth largest economic bloc with an estimated population of 650 million. It is a major global hub of manufacturing and trade, as well as one of the fastest growing consumer markets in the World. M&A activity is increasing in Southeast Asia and Greater Asia, capitalising on the investment boom in the emerging markets of the region. We, the Malaysia Business Chamber Vietnam, are pleased to partner with Standard Chartered Bank again this year to organise this seminar for our members and other business chambers. We are supportive of the bank’s aspiration to assist ASEAN companies as their operations … [Read more...] about M&A activity is increasing in Southeast Asia
Asian markets finish week on a high
Asian markets ended the week on a positive note following the lead from Wall Street, with energy firms lifted by a rally in oil prices. While the volatility that greeted the start of February has subsided for now, traders continue to fret over the prospect that U.S. borrowing costs are likely to rise further as the world's top economy powers ahead. "Investors are just nervous about interest rates," Paul Nolte, a portfolio manager at Kingsview Asset Management in Chicago, told Bloomberg News. "Everybody is waiting for more economic data to confirm or deny whatever the Fed position is. It's a big case of the nerves." Most equities in Asia sank on Thursday after the Fed released minutes pointing towards a number of rate hikes this year owing to an expected surge in inflation as Donald Trump's tax cuts kick in and economic growth improves. However, Friday saw a bounce-back as investors tracked their New York counterparts. "The minutes were far more balanced than the equity market … [Read more...] about Asian markets finish week on a high
Vietnam stocks hit hardest in SE Asia as rising US yields choke risk appetite
Southeast Asian stock markets plunged on Monday as rising U.S. bond yields on worries over the prospect of higher interest rates rattled equity investors, with Vietnam shedding five percent to record its steepest fall in nearly two and a half years. Asian shares fell their most in over a year after fears of resurgent inflation toppled Wall Street on Friday from all-time highs. Vietnamese shares plummeted 5 percent on Monday, one week before Tet, the biggest holiday of Vietnamese people when they celebrate a new lunar year, marking their worst day since August, 2015. Experts in the field say investors' strong tendency to sell shares to call it a year before Tet has affected the country's stock market. MSCI's broadest index of Asia-Pacific shares outside Japan dropped as much as 2 percent, extending losses into a third straight session. “There is a cautious mood currently because of the sudden surge in yields, so I think markets are trying to adapt to this changing environment … [Read more...] about Vietnam stocks hit hardest in SE Asia as rising US yields choke risk appetite
SE Asia Stocks-Tumble as rising U.S. yields choke risk appetite; Vietnam worst hit
Southeast Asian stock markets plunged on Monday as rising U.S. bond yields on worries over the prospect of higher interest rates rattled equity investors, with Vietnam shedding five percent to record its steepest fall in nearly two-and-a-half years.Asian shares fell their most in over a year after fears of resurgent inflation toppled Wall Street on Friday from all-time highs.MSCI's broadest index of Asia-Pacific shares outside Japan dropped as much as 2 percent, extending losses into a third straight session. “There is a cautious mood currently because of the sudden surge in yields, so I think markets are trying to adapt to this changing environment of changing yields and expectations of higher inflation going forward,” said Joel Ng, a research analyst at KGI Securities in Singapore.Global bond yields have been rising on expectations of improving global growth, which has investors worried about the impact of rising borrowing costs on consumers and companies.Shares in … [Read more...] about SE Asia Stocks-Tumble as rising U.S. yields choke risk appetite; Vietnam worst hit