Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
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Fed rate-cut drumbeat pegs back dollar; Asian stocks take a breather
By Jaspreet Kalra SINGAPORE (Reuters) -The U.S. dollar was under pressure on Thursday as traders piled into wagers that the Federal Reserve will resume cutting interest rates next month, powering Bitcoin to a record high, while a blistering rally in regional stocks took a breather. MSCI's gauge of equities in Asia excluding Japan nudged higher and lingered near its loftiest level since September 2021, taking cues from Wall Street, where the S&P 500 and Nasdaq indexes hit new closing highs for the second straight day. The MSCI All Country World Index rose to a record high for the second straight session on Wednesday. Japan's Nikkei fell after a searing six-day rally that boosted it past the 43,000 mark for the first time. Shares in Korea and Taiwan were slightly lower as well. China's blue-chip stock index and shares in Hong Kong gained. The dollar fell to a two-week low against a basket of major peers on shifting expectations of U.S. rate cuts, with comments from the U.S. Treasury Secretary also helping bolster expectations of an outsized 50 basis point cut. The Japanese yen hit a three-week high of 146.38 per dollar in early trading. [FRX/] Treasury Secretary Scott Bessent said on Wednesday that an aggressive half-point cut was possible in September after revised labour market data from last week showed that job growth had slowed sharply in May, June and July. Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. Traders are pricing in certainty of a rate cut in September with odds of a 50 bps cut rising to 7%, up from 0% a week earlier. While a tame U.S. inflation report this week boosted the case for rate cuts, some analysts have cautioned against market complacency, saying that upcoming data may alter expectations. "We're not as convinced of a 25bp FOMC rate cut in September as financial markets, let alone a 50bp rate cut," said Carol Kong, economist and currency strategist at Commonwealth Bank of Australia. "There will be another CPI and payrolls report ahead of the September meeting that can make or break the case for a rate cut," Kong said. BITCOIN, GOLD Optimism on monetary policy easing in the world's largest economy also powered cryptocurrency bitcoin to an all-time high of $124,002.49 with analysts also pointing to recent financial sector reforms as a tailwind for the asset class. Bitcoin has risen 32% so far in 2025, and the second largest cryptocurrency, Ethereum, has climbed 41% and is hovering just shy of its all-time high hit in November 2021. In commodity markets, gold prices rose 0.5% to $3,371 and crude oil prices edged up after hitting a two-month low on Wednesday as investors kept their focus on the summit between U.S. President Donald Trump and Russian leader Vladimir Putin on Friday. [O/R] [GOL/] Trump on Wednesday threatened "severe consequences" if Putin did not agree to peace in Ukraine but also said that a meeting between them could swiftly be followed by a second one that would include Ukrainian President Volodymyr Zelenskiy. In the past, Trump has said both sides will have to swap land to end fighting that has cost tens of thousands of lives and displaced millions. "While lack of progress towards a ceasefire may lead to renewed threats of secondary oil tariffs/sanctions, we see limited risk of large disruptions in Russia supply," analysts at Goldman Sachs wrote in a note. Large volumes of Russian exports, the possibility of deepening price discounts to maintain demand, and the likely eagerness of key buyers India, and especially China, to continue energy cooperation with Russia are expected to avert major disruptions, they said. Trump signed an executive order last week levying an additional 25% tariff on India's exports to the U.S., saying that the country directly or indirectly imported Russian oil. He has also hinted at similar tariffs on China.
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AgriS Agro Day 2025 - Comprehensive Synergy: The Alliance of Five Stakeholders Driving Breakthroughs for Vietnam's Agriculture
TAY NINH, Vietnam, Aug. 14, 2025 /PRNewswire/ -- Hi-tech Agriculture Summit – AgriS Agro Day 2025 successfully brought together more than 500 delegates representing the "Five Stakeholders": Government, Academia, Businesses, Banks, and Farmers, working in synergy to build a hi-tech, circular agricultural ecosystem, affirming Vietnam's proactive position and deep participation in the global agricultural value chain. Experience the full interactive Multichannel News Release here: Hi-tech Agriculture Summit – AgriS Agro Day 2025: Comprehensive Synergy, Elevating the Agriculture of the Future – was hosted by the People's Committee of Tay Ninh Province, co-hosted and co-organized by AgriS (Thanh Thanh Cong – Bien Hoa JSC, HOSE: SBT), in collaboration with Nong Lam University Ho Chi Minh City. The event aimed to create a strategic platform to connect visions, share knowledge, and activate action toward developing a hi-tech, sustainable agricultural sector. A Strategic Forum for Hi-tech, Circular Agriculture The strong global agricultural transformation presents not only challenges but also opportunities for Vietnam to define its own development path - modern, sustainable, and globally integrated. In this journey, Tay Ninh – one of the most dynamic agricultural economic centers in the South – has been affirming its role with clear vision, policies, and strategic orientation. In his opening remarks, Mr. Nguyen Minh Lam, Member of the Provincial Party Standing Committee and Vice Chairman of the People's Committee of Tay Ninh Province, emphasized: "Today's conference marks a new milestone, affirming Tay Ninh's determination to lead in implementing the Party and State's Resolutions on 'Innovation – Application of Science and Technology – Digital Transformation' in modern agriculture, toward green, sustainable development and deep international integration." The four key Resolutions issued by Vietnam's Politburo for the 2024–2025 period (No. 57, 59, 66, 68) form a unified framework of strategic thinking and action for national development in the era of transformation. AgriS Agro Day 2025 opened with the keynote "Potential and Vision for Vietnam's Agriculture, Breakthrough Policies in Agricultural Technology, and the Role of the Private Sector," in which Prof. Dr. People's Teacher Tran Duc Vien, Chairman of the Vietnam National University of Agriculture, called for sector-wide restructuring, stronger R&D, greater private investment, and an innovative, globally competitive ecosystem. That afternoon, three thematic panels built on this vision with practical, long-term solutions to enhance the value of Vietnamese agricultural products and strengthen Vietnam's leadership in the global value chain, featuring experts from government agencies, international organizations, leading universities, and major enterprises. The Agtech Panel highlighted that digital transformation and standardized data are prerequisites for rebuilding a sustainable agricultural value chain. The Foodtech Panel emphasized that processing technology and standardization are key tools to transform Vietnamese agricultural products from "raw materials" into "high-value-added products" for international markets. The Fintech Panel explored how to design data-based financial infrastructure, chain credit scoring, and green capital products to channel funds to the right place at the right time, creating economic leverage for a circular agricultural economy. Linking Theory to Practice – A Call for Comprehensive Synergy Among the Five Stakeholders As co-host and co-organizer of the Hi-tech Agriculture Summit – AgriS Agro Day 2025, AgriS, a leading Vietnamese hi-tech agriculture enterprise, with its 56-year journey, takes pride in being a pioneer in building a circular agricultural ecosystem integrating Agtech, Foodtech, and Fintech with ESG standards. Demonstrating its commitment to working alongside the Government, the scientific community, partners, and international organizations to advance a Green Economy, Digital Technology, and Sustainable Development, Ms. Dang Huynh Uc My – Chairlady of AgriS – presented the Project: Modernization and Digitalization of Agriculture based on ESG and Datafication for 2025–2030. With two main focuses - Digitalizing and modernizing agricultural production through the AgriBrain and DigiFarm systems; and building a National Agricultural Data Framework - AgriS aims to create a hi-tech, transparent, and standardized agricultural sector. The site visit to the Demo Farm Ninh Dien, the Agricultural Research Institute, and the TTCS factory operated by AgriS, along with the interactive Agtech – Foodtech – Fintech exhibition, showcased an innovative agricultural practice model, consistently operated under ESG standards that AgriS has implemented for many years. More than half of a century of development, AgriS has partnered with the "Five Stakeholders" through practical projects, creating a strong foundation for new commitments. This year's Summit saw the signing of MOUs with strategic partners, including the Vietnam Institute of Advanced Technology, K-Best Research Group (Korea), Farmacist and Mort&Co (Australia), the Ho Chi Minh City Food and Foodstuff Association, and the Vietnam Coconut Association. These agreements reinforce the "Five Stakeholders" cooperation model – the "golden key" to driving breakthroughs in Vietnam's hi-tech agriculture through shared responsibility, work, benefits, and growth. In her closing remarks, Ms. Dang Huynh Uc My called: "AgriS does not walk alone. We are expanding our journey with the synergy of the 'Five Stakeholders,' built on the three pillars of Agtech, Foodtech, and Fintech, and an ESG foundation, to create a circular, multi-value agricultural ecosystem rooted in technology and ensuring fair and shared benefits." AgriS Agro Day 2025 has successfully established a strategic platform and clear action roadmap. An agriculture sector that deeply applies technology, closely links all stakeholders, and places farmers at the center of transformation is the path for Vietnam to rise strongly – from a "supplier of raw materials" to a "creator of value" on the global agricultural map. About AgriS With over 56 years of sustainable development, AgriS (Stock code: SBT) is a leading high-tech agricultural enterprise in the region, holding 46% of Vietnam's sugar market share and exporting to over 69 international markets. The company manages a total cultivation area of 71,797 hectares across Vietnam, Laos, Cambodia, and Australia, and offers a diverse portfolio ranging from sugarcane, coconut, banana, rice and pineapple to natural nutritional food products. Guided by its mission to build a green and modern agriculture, AgriS continuously innovates and optimizes its commercial value chain under the AgriS Circular Commercial Value Chain model. The company is committed to achieving Net Zero emissions by 2035. View original content to download multimedia: SOURCE TTC AgriS (Thanh Thanh Cong - Bien Hoa JSC) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Returns On Capital At Malaysian Pacific Industries Berhad (KLSE:MPI) Have Hit The Brakes
Explore Malaysian Pacific Industries Berhad's Fair Values from the Community and select yours There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Having said that, from a first glance at Malaysian Pacific Industries Berhad (KLSE:MPI) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Malaysian Pacific Industries Berhad, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.09 = RM239m ÷ (RM3.0b - RM359m) (Based on the trailing twelve months to March 2025). Thus, Malaysian Pacific Industries Berhad has an ROCE of 9.0%. In absolute terms, that's a low return, but it's much better than the Semiconductor industry average of 7.0%. Check out our latest analysis for Malaysian Pacific Industries Berhad Above you can see how the current ROCE for Malaysian Pacific Industries Berhad compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Malaysian Pacific Industries Berhad . So How Is Malaysian Pacific Industries Berhad's ROCE Trending? There are better returns on capital out there than what we're seeing at Malaysian Pacific Industries Berhad. The company has consistently earned 9.0% for the last five years, and the capital employed within the business has risen 64% in that time. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital. What We Can Learn From Malaysian Pacific Industries Berhad's ROCE In conclusion, Malaysian Pacific Industries Berhad has been investing more capital into the business, but returns on that capital haven't increased. Since the stock has gained an impressive 65% over the last five years, investors must think there's better things to come. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward. While Malaysian Pacific Industries Berhad doesn't shine too bright in this respect, it's still worth seeing if the company is trading at attractive prices. You can find that out with our on our platform. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
