U.S. manufacturers are heading for a revival as a lower dollar, falling wages and rising productivity make them more competitive, according to Sean Darby, Jefferies Group Inc.’s chief global equity strategist.
Malaysian stocks rose, driving the benchmark index to a record close, as government plans to boost the economy and an appreciating currency bolstered foreign investment in the market to a two-year high.
For all the concern that anti-China riots in Vietnam will deter foreign investment and curb economic growth, the 18-day flow of money into the country’s stock market suggests overseas money managers are unfazed.
Hong Kong Exchanges & Clearing Ltd. surged the most in five years after a deal to link Shanghai and Hong Kong markets that gives Chinese investors unprecedented access to Macau casino stocks and Tencent Holdings Ltd.
Chinese investors will get unprecedented access to Macau casino stocks and Tencent Holdings Ltd. through an agreement to link Shanghai and Hong Kong markets that analysts say will shrink valuation gaps.