International investors are buying the most Vietnamese stocks in five years, lured by Southeast Asia’s cheapest valuations and government efforts to bolster economic growth. The benchmark index rose the most in Asia to a 27-month high today.
Iron ore may extend losses before rebounding, offering investors an opportunity to buy the steel- making raw material to profit from a recovery driven by low inventories in China, according to Morgan Stanley.
China’s slowdown is reverberating in Australia, where strategists are cutting their estimates on the local dollar faster than any other Group of 10 currency on the prospects for reduced trade between the nations.
Argentine businessman Eduardo Eurnekian is investing $1.2 billion in a chip plant south of Buenos Aires to tap a growing market in Latin America for credit cards, mobile phones and electronic identification.
Serbia risks a downgrade in its credit rating unless the government squeezes spending more, promotes export growth and secures a new agreement with the International Monetary Fund, a Standard & Poor’s analyst said.