Emerging-market stocks dropped for a fourth day, dragging the benchmark index to its lowest level in two weeks as an increase in U.S. jobless claims and tensions on the Korean peninsula muted the global economic outlook.
Military Commercial Joint-Stock Bank closed unchanged on its first day on Vietnam’s Ho Chi Minh City Stock Exchange after listing 10.07 trillion dong ($479.4 million) of shares in the nation’s biggest listing this year.
Vietnam’s Communist Party apologized to the nation and decided against punishing one unnamed senior leader, leaving Prime Minister Nguyen Tan Dung in charge after rare online attacks. Stocks rose the most in a month.
Vietnam plans to ease rules on equity trading and accelerate initial public offerings of state-owned companies this year to attract investors to a market that’s valued about 15 times less than Singapore’s.
Emerging-market stocks fell for a fifth day, the longest losing streak in seven weeks, as losses at Chinese shipping companies and rising unemployment in Germany fueled concern that the economic slowdown is deepening.
Military Commercial Joint-Stock Bank is moving ahead with Vietnam’s biggest listing this year, as it seeks to boost liquidity even after the stock market posted the second-worst performance in Southeast Asia.