Tuesday , May 7 2024

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Stock dives to 5-week low

Stock dives to 5-week low

Vietnam’s benchmark VN-Index dropped 0.63 percent to 1034.85 points Tuesday, lowest in five weeks. The index closed 6.51 points lower after losing 1.55 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 3% to VND9.42 trillion ($401.14 milllion). The VN-30 basket, comprising the 30 largest …

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Mitsubishi Motors takes one-time $78 mln hit from China woes

Mitsubishi Motors takes one-time $78 mln hit from China woes

Mitsubishi Motors Corp will take a one-time hit of 10.5 billion yen ($78.31 million) related to slowing sales at its China unit, it said on Tuesday, as mounting competition in the world’s largest auto market hits foreign automakers. Mitsubishi made no changes to its full-year results forecast as the impact …

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