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Vietnam waits for major upgrade to its $200 billion stock market

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  The Vietnamese flag flies atop the Hanoi Stock Exchange (HNX) in Hanoi, Vietnam, on Monday, Sept. 10, 2018. Maika Elan | Bloomberg | Getty Images Vietnam’s long wait for emerging market status could soon be over. The Southeast Asian nation is currently classified as a frontier market and has been on the FTSE emerging market watchlist since 2018. Global index provider FTSE Russell  confirmed earlier this month  that it has retained the country on its watchlist. The agency highlighted the Vietnamese government’s support for market reforms and recommended more meetings between both local authorities and foreign investors. An upgrade to emerging market status could see global funds pouring billions into Vietnam’s financial market which currently has a market value just north of $200 billion. Speaking to CNBC’s “Street Signs Asia” before the confirmation, Maybank Investment Bank Vietnam’s Head of Equity Research Thanh Quan Trong said that the FTSE upgrade for Vietnam to emer...

Trump to move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief

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Former U.S. Trade Representative Robert Lighthizer is apparently telling Wall Street money managers that if the Republican presidential nominee is reelected, he could start implementing his sweeping tariff proposals quickly after taking office, according to policy analysts at Piper Sandler. Trump claims his sweeping tariffs will rake in enough money to pay for an array of major tax cuts and other intitiatives. Lighthizer is seen as a top prospect for a number of senior roles in a potential second Trump administration. In this article DJT -0.01 (-0.04%) Follow your favorite stocks CREATE FREE ACCOUNT Robert Lighthizer, former US trade representative, speaks during an event with former US President Donald Trump, not pictured, at Precision Components Group in York, Pennsylvania, US, on Monday, Aug. 19, 2024.  Graeme Sloan | Bloomberg | Getty Images Donald Trump ’s longtime trade adviser is apparently telling Wall Street money managers...