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Hoa Phat market cap halves in last 9 months

Hoa Phat market cap halves in last 9 months

Steel giant Hoa Phat Group has lost VND130 trillion (US$5.6 billion) from its market capitalization since last October due to a bearish market, rising costs and falling demand in China. Its HPG share has been one of the biggest losers in Vietnam’s current bearish market, closing Tuesday with a 3.7 …

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