Hong kong market opening : Hang Seng Index opens at 20,573.28 HKD, TECH Index rises 0.11% to 4,537.28 HKD
Hang Seng Index opened at 20,573.28 HKD with a 0.03% gain, as various sector indexes showed mixed performance amid market activity.
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New listing on Tokyo PRO market expands investment opportunities
The Tokyo PRO Market is a segment of the Tokyo Stock Exchange (TSE) that operates under a different regulatory framework compared to the main exchange.
ENECHANGE Ltd. publishes improvement report following Tokyo stock exchange scrutiny
ENECHANGE, which operates as a major platform for energy optimisation and energy data services in Japan, submitted this report following a series of reviews by the TSE.
Vietnamese stock market ends four-day winning streak
Large-cap stocks in the financial and manufacturing sectors led the market’s decline. Notably, the Bank for Investment and Development of Vietnam (BID) saw the steepest drop, decreasing by 0.71% and contributing nearly 0.5 points to the VN-Index's overall decline. FPT Corporation (FPT) and Southeast Asia Commercial Joint Stock Bank (SSB) also faced losses, falling by 0.96% and 3.63%, respectively.
Sarawak set to formalize stake increase in Affin Bank
Currently, LTAT holds a 28.88% stake in Affin Bank, while Boustead, wholly owned by LTAT, possesses about 20%. Sarawak's acquisition will include Boustead’s entire stake and a portion of LTAT's shares, positioning Sarawak as the largest shareholder in Affin Bank. Presently, Sarawak holds a modest 4.8% stake.
Tokyo market slips amid U.S. rate cut speculation and Yen surge
The Nikkei 225 fell by 1.2%, closing at 32,500, while the broader Topix index dropped 0.9%, following similar trends in international markets
Singapore overhauls stock market and faces tiktok tensions
Singapore’s housing market is also experiencing notable shifts. New home sales plunged to 208 units in August, a sharp drop from both the previous month and the same period last year. This decline is attributed to a scarcity of new residential projects and developer caution amid high interest rates. Despite this, home prices have remained stable, particularly in the secondary market. Developers are expected to launch more units later this year, but face increasing concerns about government measures and housing affordability.
Singapore plans major reforms to boost stock market
One of the central elements of the reform package is the introduction of more flexible listing rules aimed at encouraging technology and high-growth companies to go public in Singapore. This move is intended to diversify the market and attract a broader range of investors. Additionally, the government is looking into adjustments in tax policies and corporate governance practices to make the market more competitive on a global scale.
Nikkei slips as Yen strengthens, export stocks struggle
The strengthening yen, which climbed to 140.645 against the U.S. dollar—the highest since December 2023—created concerns about corporate earnings for Japanese exporters.
Singapore set for stock market rebound as Hong Kong’s influence declines
However, despite this capital influx, Singapore’s stock market has lagged in performance compared to its burgeoning private markets. The EIU report highlights that while private wealth and investment have reached unprecedented levels, the Singapore stock market has struggled. It has shown relatively poor performance, characterized by low trading volumes and less transparent corporate disclosure practices.
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