Vietnam s stock market is
running ahead of its neighbours and pulling a trickle of foreign
investment for the first time in months as its banks bounce back
from a credit crunch and the economy charts.
Toss Securities saw its first profitable year since it started service three years ago by logging 1.53 billion won ($1.15 million) in net profit last year, it said on Thursday. Sales rose by 58 percent on year to 202 billion won in the same period, with the operating loss narrowed by 31.3 billion won to 900 million won. The firm attributed its first profitable year to transaction volume expansion, which led to improv.
(Bloomberg) Three South Korean financial firms set aside almost $560 million combined to cover potential losses amid wider regulator concerns about real estate exposure as valuations continue to fall.Most Read from BloombergKing Charles Treated for Cancer in New Royal Health ScareXi to Discuss China Stocks With Regulators as Rescue Bets BuildWhy NYC Apartment Buildings Are on Sale Now for 50% OffWall Street Snubs China for India in a Historic Markets ShiftChina Tightens Some Trading Restricti
South Korean stocks closed lower Tuesday as investors booked profit ahead of the US Federal Reserve's policy meeting later this week. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 1.84 points, or 0.07 percent, to close at 2,498.81, ending its three consecutive session advance. Trade volume was moderate at 476.1 million shares worth 8.63 trillion won ($6.49 billio.
South Korean stocks closed higher for the third straight trading day Monday as institutions and foreign investors shored tech, bio and other blue chips. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 22.09 points, or 0.89 percent, to close at 2,500.65, extending its winning streak to a third day. Trade volume was moderate at 421.5 million shares worth 8.85 trillion won.