Vietnam Among World’s Most Overbought Stock Markets After Rally
The 18% advance in Vietnam’s VN Index this year has made it the best-performing stock gauge in Southeast Asia, and one of the most overbought in the world.
The 18% advance in Vietnam’s VN Index this year has made it the best-performing stock gauge in Southeast Asia, and one of the most overbought in the world.
Public support for Japanese Prime Minister Fumio Kishida fell in a major poll to its lowest since he took office, with rising prices and mistrust over the rollout of a national ID card helping to push down his rating.
Chinese President Xi Jinping will start a two-day visit to the southwestern city of Chengdu on Thursday, opening the World University Games and receiving foreign leaders including Indonesian President Joko Widodo.
Asset managers trimmed bearish positions on the yen by the most in more than three years as inflation continues to put pressure on the Bank of Japan to adjust its ultra-loose monetary policy this year.
Argentina Economy Minister Sergio Massa said Sunday night that the International Monetary Fund would disburse funds to the government in August and November after a staff-level agreement of its $44 billion financing program is reached sometime this week.
Crypto exchanges that connect buyers and sellers directly without Wall Street-style middlemen are under pressure to improve their services amid a decline in market share.
Asset managers boosted bearish dollar bets to a record amid speculation slowing US inflation will hasten the end of the Federal Reserve’s 16-month run of policy tightening.
Australia will purchase 20 C-130J Hercules transport aircraft from the US to replace its current aging fleet, reinforcing long-running military ties between Canberra and Washington ahead of high-level security meetings later this week.
Typhoon Doksuri has rapidly intensified and may become a super typhoon as it threatens to hit land north of the Philippines before possibly heading to Taiwan.
China’s top leaders will probably fail to deliver big-bang stimulus for the weakening economy this week, economists say, disappointing financial markets seeking strong action to counter the downturn.