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Philippines: Market upbeat on US rate hike

Share prices climbed anew yesterday as investors await the outcome of the US Federal Reserve meeting. The Philippine Stock Exchange index (PSEi) climbed 47.43 points or 0.69 percent to finish at 6,928.34, while the broader All Shares index edged up 28.72 points or 0.69 percent to end at 4,201.37. All sectoral indices were up led […]

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Vietnam: Vietnamese stocks rebound

Shares bounced back yesterday as investors showed better confidence and tried to scoop up speculative stocks that were hit by strong selling. The benchmark VN Index on the HCM Stock Exchange rose 1.6 per cent to close at 665.14 points, ending a two-day decline of 1.3 per cent. The HNX Index on the Hà Nội […]

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Vietnam: VN experts call for a rice export reduction

The country should halve its rice exports from the normal 7-8 million tonnes until 2020 because of difficulties exporters face and falling production due to climate change, according to the Việt Nam Food Association. Speaking at a seminar in HCM City on Tuesday, Huỳnh Thế Năng, its chairman, said Việt Nam has exported 4.5 million […]

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Malaysia: Ringgit opens lower against US$ Thursday

The ringgit weakened against the US dollar, in early trade Thursday, weighed by poor sentiment in the market, a dealer said. At 9 am(0100gmt), the ringgit was traded at 4.4600/4650 versus the US dollar from 4.4440/4480 on Wednesday. A dealer said the US Federal Reserve (Fed) raised interest rates by 25 basis points, shifting attention […]

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