Economy and commerce

Securities exchange (stock market)

Watching markets from the sidelines

As Chinese markets plunged 8.49 per cent on 24 August sending jitters across global indices, industry insiders were cautious about its potential spillover effects into Cambodia, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector. Jay Menon, lead economist for trade ...

Great fall of China sinks Thai, world stocks

Thai shares are heading towards a bear market after falling by 4.73% Monday in the deepening global equities rout. There are major concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction ...

Thai stocks dive in global sell-off

Thai shares are heading towards a bear market after falling by 4.73% on 24 August as the deepening global equities rout, concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction could continue ...

Vietnam stocks plunge as bank concerns trigger sharp sell-off

Vietnam’s stocks just had a rough week after bad news kept hitting the markets, prompting many investors to dump a large number of bank shares amid a broad sell-off.  The benchmark VN-Index dropped to 556.30 at the 3 p.m. close on 21 August, shedding nearly 17 ...

S&P: Thailand's ratings unchanged after Bangkok bomb

Standard & Poor’s Ratings Services sees limited immediate impact on the sovereign credit support for Thailand in the wake of the 17 August bombing at Bangkok’s popular Erawan Shrine that killed 20 people and injured another 125.  Keep reading ...

Vietnam stock index enters correction amid concern about exports

Vietnam’s stocks slid the most in more than three months to enter correction territory amid concern the nation’s exports will be hurt by yuan devaluation.   The VN-Index slumped for a fifth day, losing 2.7 percent to 573.15 at the 3 p.m. close and extending losses to ...

Vietnam index drops to below 600 points amid devaluation fear

The Vietnam Stock Index or VN-Index slumped for four straight days amid currency devaluation fear, closing at 589.03 points on 14 August. According to stock experts, the decisions of China’s central bank to devalue the Chinese yuan and the decision of Vietnam’s central bank to widen the exchange ...

Vietnam widens dong’s trading band after China devalues yuan

Vietnam’s central bank doubled the width of the dong’s trading band 12 August, a day after China further weakened its currency, pushing the yuan into its biggest devaluation in two decades. The State Bank of Vietnam widened the dong’s trading band against the U.S. dollar to ...

China devalues yuan by 2% to boost flagging economy

China has devalued its currency to boost flagging exports in a move that risks deepening the global currency war. After recent data showing falling exports and a stalling manufacturing sector, the central bank said on 11 August that it was allowing the yuan to weaken by nearly ...

Foreigners flee Thai stocks

Foreign investors are selling Thai stocks at the fastest pace this year as the nation’s military government struggles to deliver on pledges to revive economic growth. Overseas funds unloaded a net $774 million of Thai shares in July as the benchmark Stock Exchange of Thailand Index ...

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