By Xuan Binh  December 15, 2018 | 11:41 pm GMT+7 Nguyen Quang Hai (red) in action in Vietnam's final match against Malaysia at AFF Cup in Hanoi on December 15, 2018. Photo by VnExpress/Duc Dong Nguyen Quang Hai was chosen Most Valuable Player of the AFF Suzuki Cup 2018, which ended Saturday with Vietnam as champions. In the eight matches that Vietnam played in the tournament, Hai scored three goals and contributed two assists that manifested into goals for the team. The midfielder received the $10,000 reward from the organizing board for his huge contribution to Vietnam’s championship. Hai, 21, is the first Vietnamese player to be named among 500 most important players in the globe by World Soccer, an English football magazine. Nguyen Quang Hai is surrounded by four Philippines players in a semi-final match. Photo by VnExpress/Lam Thoa The AFF Suzuki Cup 2018, a biennial football tournament, was played from November 8 to December 15 at different … [Read more...] about Vietnamese midfielder is best player of AFF Suzuki Cup 2018
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Dow, S&P 500 fall on latest US China trade barbs
The latest escalation in the US-China trade row weighed on industrial stocks on Monday (Sep 24), pushing the Dow and S&P 500 lower. Dow, S&P 500 fall on latest US-China trade barbs, File photo/STAN HONDA/AFP/Getty Images The Dow Jones Industrial Average finished down 181.45 points (0.68 per cent) at 26,562.05. The broad-based S&P 500 dropped 10.30 points (0.35 per cent) to 2,919.37, while the tech-rich Nasdaq Composite Index gained 6.29 points (0.08 per cent) to 7,993.25. New US tariffs on another US$200 billion of Chinese imports took effect Monday, a move that prompted retaliatory tariffs from Beijing on US$60 billion in American goods. China has also reportedly scotched negotiations that had been expected later this week in another twist that was likely to dent investor hopes for a speedy resolution to the impasse. Industrial companies generally lagged the broader market, with Caterpillar losing 1.5 per cent, Arconic 5.5 per cent and Stanley Black & Decker … [Read more...] about Dow, S&P 500 fall on latest US China trade barbs
S&P 500, Nasdaq end at records after Fed speech
Wall Street stocks jumped to fresh records on Friday (Aug 24) after Federal Reserve Chair Jerome Powell said there was no sign of an overheating economy and policymakers expected to continue gradual interest rate increases. Traders work on the floor of the New York Stock Exchange. (Photo: Spencer Platt/Getty Images/AFP) The broad-based S&P 500 gained 17.71 points (0.62 per cent) to 2,874.69, its first closing record since January. The Nasdaq rose 67.52 points (0.86 per cent) to 7,945.98, also a fresh record, while the Dow Jones Industrial Average gained 133.37 points (0.52 per cent) to 25,790.35, about 825 points below its all-time high. Powell, in a much-anticipated address at an annual central banker conference in Wyoming, noted that the US economy remained strong, while prices were rising at about the Fed's target pace of two per cent. "We have seen no clear sign of an acceleration above two per cent and there does not seem to be an elevated risk of overheating," … [Read more...] about S&P 500, Nasdaq end at records after Fed speech
ETF review feared to knock down market turnover
ETF review feared to knock down market turnoverPhuong Thao Market turnover is expected to decline this week as a number of highly liquid stocks are in the list for sale of Vietnam-focused exchange traded funds (ETF). MV Index Solutions (MVIS) last week announced that it deleted steel maker HSG and property firm HAG from the MVIS Vietnam Index, the underlying index of the Van Eck Vectors Vietnam ETF (VNM ETF), in its second-quarter review. Meanwhile, FTSE is going to remove property enterprise FLC out of the FTSE Vietnam All-Share Index. Selling pressure is predicted to rise in this week’s trading, which may have negative impacts on the stock market. Meanwhile, domestic players may stay on the sidelines during the ETF rebalancing period, with stock indexes estimated to make little moves, said some securities experts. According to Bao Viet Securities Company, many investors begin to pay attention to stocks with promising business results in the second quarter and the first half. … [Read more...] about ETF review feared to knock down market turnover
KBC, KDC rise after VNM ETF review Money Banking Investments Shares
Shares edged down on the two stock exchanges this morning as blue chips fell. On the HCM Stock Exchange, the VN-Index dropped 0.29 per cent to end at 584.40 points. The VN30, which tracks the top 30 shares by market value and liquidity, saw a more substantial decrease of 0.6 per cent to close at 613.26 points. Kinh Bac City Development Holdings Corp (KBC) and confectionery Kinh Do Corp (KDC) were among the most heavily-traded stocks this morning, after the Market Vectors Vietnam ETF (VNM) added these two stocks to its portfolio following a review yesterday. Almost 6.4 million KBC shares were exchanged by the end of this morning, making it the second-most active stock. KBC rose three per cent to close at VND17,400 (US$0.81) per share. FLC remained the most active code with the trading of 8.9 million of its shares. Meanwhile, nearly 2.4 million KDC shares were traded and the share price climbed 5.84 per cent to end at VND48,900 ($2.29) each. VNM ETF said it would increase holdings in … [Read more...] about KBC, KDC rise after VNM ETF review Money Banking Investments Shares