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Indonesia’s benchmark stock index declined 2.54 percent overall in 2018 amid a rough year for equities globally. Foreign investors sold a net Rp 50.75 trillion ($3.52 billion) in Indonesian stocks for the whole of 2018, compared with Rp 39.6 trillion in 2017.…
Tokyo led a rout of Asian shares today, mirroring big losses on Wall Street after the Federal Reserve (Fed) defied unprecedented pressure from US President Donald Trump and raised interest rates, sparking fears the move could choke economic growth. The Nikkei…
HSBC Holdings plc’s indirect wholly owned subsidiary HSBC Insurance (Asia Pacific) Holdings Ltd is selling a 49% stake in HSBC Amanah Takaful (Malaysia) Bhd to FWD Life Insurance Company (Bermuda) Ltd. The transaction has obtained approval from the Minister…
Vietnam Airlines plans to list its shares on the Ho Chi Minh City Stock Exchange next year amidst rising competition of low-cost carriers. “Vietnam Airlines will go public in the first quarter of next year,” its chief executive, Duong Tri Thanh said. “We are…
Troubled pizza company MP Group may soon be delisted from the Kosdaq after nine years on the exchange. Korea Exchange announced Monday that a committee on corporate evaluation agreed to delist the company, which operates pizza franchise Mr. Pizza, from the…
Amazon briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft dethroned long-time leader Apple. Amazon rose by 4.7 percent at one point, putting its market capitalization at $865.0 billion. At the same time,…
Hyundai AutoEver, an ICT affiliate of Hyundai Motor Group, plans to go public on the Korean stock market, a move seen as a preliminary step to the group’s restructuring. The company said it submitted an application for preliminary screening to the Korea…
Bursa Malaysia was not spared the fallout from this week’s rout on Wall Street and the slump in crude oil prices, with the FBM KLCI sliding 15.34 points to close at 1,695.37 points today. Most sectoral indices on the local bourse ended in the red today, save…
Most Southeast Asian stock markets fell on Tuesday, tracking broader Asia after a selloff on Wall Street overnight. As reported, citing sources from both sides, that China’s top trade negotiator Liu He may visit Washington to prepare for the talks between…
Southeast Asian stock markets ended higher on Wednesday tracking a firm finish on Wall Street, though they posted heavy losses in October. Financial markets across the globe faced a raft of negative factors, including Sino-U.S. trade tensions, to worries…
Philippines shares regained on Friday after reduction in previous section, while regional markets fell in line with broader Asia. The previous session saw sharp losses in the Philippines and other regional markets, as a tech-fuelled rout on Wall Street…
Most Southeast Asian stock markets slumped on Thursday, following a tech rout on Wall Street that saw the year’s gains being wiped out. Disappointing forecasts from chipmakers beat down the tech sector, sending investors scurrying to the safety of sovereign…
The Thai stock market has moved lower in back-to-back trading days, sliding almost 10 points or 0.6 percent along the way. The Stock Exchange of Thailand remains just beneath the 1,750-point plateau and it’s tipped to open in the red again on Wednesday. The…
Vietnam’s benchmark VN-Index closed at 1,004.74 points Thursday, reaching four figures for the first time in two months. It gained 9.2 points. The HNX-Index on the Hanoi Stock Exchange and the UPCoM-Index for unlisted companies rose by 0.75 percent and 1.01…
Companies are rushing to go public this year in search of fresh funds despite volatility in the market and investors likely to maintain a tight grip on the purse strings ahead of Indonesia’s 2019 general election. Thirty companies have listed on the Indonesia…
The net amount sold by foreign investors last week shrank by more than half from RM531.8 million to RM247.1 million, the smallest weekly attrition so far this year. The pace at which international investors are disposing of stocks listed on Bursa Malaysia has…
