China's government has averted a stock market crash -- for now -- but it will take the world's second-largest economy longer to repair tarnished reform credentials and investment sentiment battered by its heavy-handed intervention. After whipping and driving the Shanghai bourse up 150 percent in a year through looser monetary policy, glowing state media comment and margin trading -- the use of borrowed funds on the exchange -- the government was forced to intervene when sentiment turned and the market plunged 30 percent in just three weeks. A rescue package using the full power of the state included the extraordinary steps of banning stockholders with more than five percent of a listed firm from selling shares, and a police crackdown on short selling -- a bet prices will fall. "The equity market's gyrations have raised questions about the future direction of the economy and policy," US investment bank Goldman Sachs said in a research report. "Fissures in the equity market structure and … [Read more...] about China pays a price to avert stock market crash
Stock market movements
Poorly managed and overrun by investors who act like gamblers, Vietnam's stock exchanges may have been born into a country that wasn't ready for them. Investors watch market movements at Asia Commercial Bank in Ho Chi Minh City … [Read more...] about Can Vietnam handle its stock market?
Local stocks are likely to rise next year on signs of an improved economy, but the rally will not be very strong due to uncertainties in the monetary market, experts say. An investor watches market movements at a stock exchange in Ho Chi Minh City. Experts said the stock market will grow next year, but the rally will not be very strong. … [Read more...] about Muted growth forecast for Vietnam stock market
A bunch of water spinach or a few shares? Take your pick, for they cost the same. Investors watch share prices at a local securities trading floor in Hanoi as a screen shows movements of the HNX-Index. The gauge has fallen 35.2 percent so far this year. … [Read more...] about Stock market gloom deepens, firms plan buybacks
VietNamNet Bridge - Not only small and unprofitable businesses, but big and healthy enterprises have also run away from the stock market, which is considered an effective long term capital mobilization channel. The strange moves by the big guys … [Read more...] about Gloomy stock market prompts listed businesses to hurry away