By Leonid Bershidsky Bloomberg Sat., June 9, 2018 At first look, it seems too obvious to need saying: Long after a Communist regime’s fall, people who lived under communism remain different from those who didn’t. It’s possible, however, that the differences between them have even deeper historical roots than merely the Communist experience. In a recent paper, Christine Laudenbach of the Goethe University in Frankfurt; Ulrike Malmendier of University of California, Berkeley; and Alexandra Niessen-Ruenzi of the University of Mannheim show using German brokerage data that east Germans’ financial behaviour is still, in part, determined by their past in the German Democratic Republic (GDR). The investing environment for them and their West German peers is exactly the same, and so are the financial literacy levels of those who become brokerage clients. But the easterners are less likely to put money in the stock market or take risks on margin, and … [Read more...] about Why do East Germans invest and vote differently?
Investing in vietnam stock market
People walk past the stock exchange centre in Hanoi on Jan 26, 2018. Vietnam stocks fall almost 4% on Monday. (Reuters photo) Vietnam stocks plummeted nearly 4% on Monday, extending a market rout after a near 7% decline over the last two weeks, while the Stock Exchange of Thailand index closed 0.62% lower. The Vietnam index, the only double-digit percentage gainer in Southeast Asia this year as of Friday's close, marked broad-based losses, led by financials and energy stocks. Vietcombank and Petrovietnam Gas Joint Stock Corp each ended 6.9% lower. The SET index shed 11.14 points or 0.62% to close at 1,790.14, in trade worth 63.66 billion baht. Energy and financial stocks fell, with PTT Plc closing 2.72% lower while Siam Commercial Bank Plc dropping 1.81%. Most other Southeast Asian stock markets also slipped, in line with broader Asia, as US 10-Year treasury yields hit 2.968%, their highest since January 2014, a jump widely seen as a technical shift in the market following a large … [Read more...] about Vietnam stocks lead SE Asia slide, SET closes below 1,800
The Stock Exchange of Thailand closed higher, while other Southeast Asian stock markets gained on Tuesday, tracking broader Asian shares and Wall Street overnight, as investors cheered a deal to end a US government shutdown. The SET main index rose 7.72 points, or 0.42%, to 1,831.78 in trade worth 78.21 billion baht. Banpu Plc, Airports of Thailand Plc, Siam Commercial Bank Plc and Kasikornbank Plc topped most active stocks.Indonesia shares closed about 2% higher to mark a record closing peak, led by financials and consumer discretionary stocks. Astra International climbed 3.3%, while Bank Rakyat Indonesia touched a record closing high.An index of the country's 45 most liquid stocks jumped 2.8%.Singapore ended 0.6% higher at a more than 10-year peak, driven by financials, with DBS Group Holdings up 1.6%. Local stocks track US and Hong Kong markets and are moving more or less in tandem with them, said Linus Loo, head of research at Lim and Tan Securities.Singapore's … [Read more...] about SET ends higher, Indonesia stocks lead SE Asian peers
Thailand remains a stellar investment destination among emerging markets, with its bull run expected to continue because of the country's sound economic fundamentals, says veteran investor Mark Mobius. Thailand is one of the emerging economies where GDP growth is expected to expand by 5-6% this year, driven by the government's mega-infrastructure investment projects, said Mr Mobius, who is executive chairman at Templeton Emerging Market Group."We have stayed here for more than 20 years because of fundamental stability, the unique monarchy, and a very creative society. The [other] reason is Thailand is a resource-rich country," he said, noting banking, consumer goods and tourism sectors are all expected to perform well.Brazil, China and India are other emerging economies poised to record good economic growth, said Mr Mobius.Emerging markets have outperformed their developed counterparts, with economic growth among these countries more than doubling that of developed economies, he … [Read more...] about Mobius still bullish on Thai equities market
Most Southeast Asian stock markets rose on Monday, mirroring gains on Wall Street last week and as expectations of higher corporate earnings buoyed sentiment, with Thailand hitting a record high. Asian shares ex-Japan crept toward all-time peaks, with brisk economic growth and benign inflation adding to the risk appetite, while US stocks notched their best weekly gains in more than a year on Friday, as technology stocks helped lift major indexes to records. In Southeast Asia, with earnings season coming around, there is positive expectation for first-quarter earnings, said Joel Ng, an analyst at KGI Securities in Singapore. Thai shares rose as much as 0.7% to hit a record high, and were on track for a fifth session of gains. Financials and industrial stocks gained, with Kasikornbank PCL up 1.2% and Airports of Thailand PCL climbing 3.1%. Singapore climbed to its highest in nearly 32 months, driven by financial and industrial stocks. Real estate firm CapitaLand Ltd rose … [Read more...] about Thai stock market hits record high