The Vietnamese emblem flies atop the Hanoi Stock Exchange (HNX) successful Hanoi, Vietnam, connected Monday, Sept. 10, 2018.
Maika Elan | Bloomberg | Getty Images
Vietnamese stocks climbed to its highest successful implicit 3 years arsenic investors await details connected the U.S.-Vietnam commercialized statement that President Donald Trump announced Wednesday.
The U.S. is imposing a 20% tariff connected goods imported from the Southeast Asian nation, portion the second volition enforce "ZERO Tariff," Trump said connected Truth Social. This comes arsenic the deadline for Trump's 90-day tariff reprieve draws closer.
The benchmark Vietnam Index roseate 0.3% to its highest since April 2022, information from LSEG showed.
Japan's benchmark Nikkei 225 ended the time level astatine 39,785.9 and the Topix added 0.1% to adjacent astatine 2,828.99. South Korea's Kospi added 1.34% to 3,116.27 and the small-cap Kosdaq roseate 1.43% to 793.33.
Australia's S&P/ASX 200 traded level to adjacent astatine 8,595.8.
Hong Kong's Hang Seng index slipped 0.78%, portion mainland China's CSI 300 added 0.62% to extremity astatine 3,968.07.
— CNBC's Sean Conlon and Brian Evans contributed to this report.
Vietnamese stocks deed highest successful implicit 3 years
Vietnamese stocks climbed to their highest successful implicit 3 years aft U.S. President Donald Trump said a commercialized woody with Vietnam has been struck.
The benchmark Vietnam Index roseate 0.3% to its highest since April 2022, information from LSEG showed.
Top movers of the scale stem from the basal materials and exertion sectors arsenic of 11.30 a.m. Singapore time. Among the index's existent cardinal performers are Saigon Machinery Spare Parts and Truong Tranh Furniture Corporation, which roseate by 6.25% and 6.6%, respectively. Vietnam Container Shipping besides roseate 4.4%.
—Lee Ying Shan
Vietnamese dong weakens to grounds debased against the dollar
The Vietnamese dong weakened to a grounds debased of 26,195 per dollar aft its commercialized woody with the U.S., information from LSEG showed.
While Vietnam striking a commercialized woody with the U.S. acceptable disconnected a rally successful U.S. equities, the aforesaid enduring optimism among Asian markets and economies is not a given, said Vishnu Varathan, Mizuho Securities' caput of macro research, Asia ex-Japan.
"For one, the woody with Vietnam is simply a stark reminder of the imbalance successful leverage, to the disadvantage of Asian exporters," helium wrote successful a Thursday note.
However, the depreciation of the Vietnamese dong perchance provides a buffer for the 20% tariffs, helium added.
—Lee Ying Shan
Taiwan stocks leap to highest since March
Taiwanese stocks roseate arsenic overmuch arsenic 1.1% to the highest since March 6 successful aboriginal Asia hours, information from LSEG showed. The index's gains were led by a premix of exertion and user cyclicals stocks.
Semiconductor packaging and investigating institution Powertech Industrial saw shares leap 10%, starring gains successful the index, portion Win Win Precision Industrial roseate 7.2%. Nan Ya PCB Corporation, which manufactures circuit boards, climbed implicit 9%.
Lai Yih Footware jumped 8.52%.
—Lee Ying Shan
Asia markets footwear disconnected Thursday trading mixed
Asia-Pacific markets started the trading time mixed arsenic of 8 a.m. Singapore time.
Japan's benchmark Nikkei 225 slipped 0.15% and the Topix mislaid 0.21%.
South Korea's Kospi added 0.77% and the small-cap Kosdaq roseate 0.5%.
Australia's S&P/ASX 200 added 0.13% astatine the open.
—Lee Ying Shan
Trump says U.S. struck commercialized woody with Vietnam that imposes 20% tariff connected its imports
President Donald Trump said Wednesday that the United States has struck a trade deal with Vietnam that includes a 20% tariff connected the Southeast Asian country's imports to the U.S.
The woody volition springiness the U.S. tariff-free entree to Vietnam's markets, Trump said on Truth Social.
Vietnam besides agreed that goods would beryllium deed with a 40% tariff rate, helium added, if they originated successful different state and were transferred to Vietnam for last shipment to the United States.
The process, known arsenic transshipping, is utilized to circumvent commercialized barriers. China, a apical exporter to the U.S., has reportedly used Vietnam arsenic a transshipment hub.
Read the afloat communicative here.
—Kevin Breuninger
Good greeting from Singapore, present are the opening calls
Hello from Singapore! Asia-Pacific banal markets are looking astatine a little unfastened aft mixed trading connected Wednesday.
Japan's benchmark Nikkei 225 was acceptable to unfastened marginally lower, with the futures declaration successful Osaka past trading astatine 39,740, against the index's past adjacent of 39,762.48.
Australia's S&P/ASX 200 is likewise acceptable for a little open, with futures tied to the benchmark astatine 8,587 compared to its past adjacent of 8,597.7.
Futures for Hong Kong's Hang Seng index stood astatine 24,174, little than its past adjacent of 24,221.41.
We volition besides beryllium connected the lookout if Singapore equities tin support their streak aft notching a caller precocious connected Wednesday.
— Lee Ying Shan
S&P 500, Nasdaq adjacent higher Wednesday
The S&P 500 and the Nasdaq Composite finished Wednesday's league successful the green.
The wide marketplace scale roseate 0.47% to adjacent astatine 6,227.42, portion the tech-heavy Nasdaq jumped 0.94%, finishing astatine 20,393.13. The blue-chip Dow Jones Industrial Average, meanwhile, dropped 10.52 points, oregon 0.02%, to extremity the time astatine 44,484.42.
— Sean Conlon
English (US) ·