Latest news with #MSCIInc.
Miami Herald
21-04-2025
- Business
- Miami Herald
South Korea's presidential front-runner vows to boost stock markets
Lee Jae-myung, South Korea's presidential-election front-runner, said he would make changes to the nation's equity markets to eradicate stock manipulation and protect shareholders. The former leader of the main opposition Democratic Party will seek gradual reform of the corporate governance system by amending a key bill on board duties, and by protecting minority shareholders during corporate actions such as duplicate listings, he said in a Facebook post. He also promised to come up with a concrete road map for South Korea to get an upgrade to MSCI Inc.'s list of developed markets from its current status of emerging market. Lee said those measures will end the era of the so-called "Korea Discount," the persistent undervaluations in the Korean equity market, and will help the equity benchmark Kospi to reach the 5,000 level. The Kospi traded almost flat at about 2,485 as of Monday. South Korea is holding a presidential election on June 3 after former President Yoon Suk Yeol was impeached following his botched attempt at martial law in December. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Yahoo
07-03-2025
- Business
- Yahoo
Kuwait Stocks Outshine Gulf Peers as Ruler Pushes for Reforms
(Bloomberg) -- Kuwaiti stocks are outpacing their Gulf peers this year, with banks driving a rally built on optimism that long-delayed economic reforms are gaining traction. Trump Administration Plans to Eliminate Dozens of Housing Offices Republican Mayor Braces for Tariffs: 'We Didn't Budget for This' How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low How Sanctuary Cities Are Fighting Trump, Again The Boursa Kuwait Premier Market has jumped 11% this year, more than four times the pace of gains in neighboring Dubai and twice as much as MSCI Inc.'s emerging markets gauge. The buzz around Kuwaiti equities is a wager that moves by ruler Sheikh Mishaal Al-Ahmed Al-Sabah to clear obstacles holding back government spending will work. He suspended parliament for four years last May to end political deadlock, with a spinoff of that expected to be legislation allowing the OPEC member to sell its first bonds since 2017. The potential for other reforms in areas like property finance have helped power a surge in banking stocks. Boubyan Bank KSCP, Burgan Bank SAK and Warba Bank KSCP are all up at least 18% this year. 'The mortgage law is expected to accelerate growth for Kuwait banks' retail franchises,' said Jaap Meijer, head of research at Arqaam Capital in Dubai. Kuwaiti stocks also have the attraction of less-demanding valuations than the average of Gulf peers. Kuwait's benchmark index trades at 14.1 times forward earnings, which is below an average of 15.7 times over the past five years. Plus, the Kuwait index could potentially win an upgrade from secondary to advanced emerging-market status in index compiler FTSE Russell's September review. While that won't trigger higher passive inflows, it would boost sentiment. There are risks to the positive picture: legislative reforms may still take longer than investors like and a boost to the Kuwaiti bourse's standing in the emerging-market universe may prove elusive. For now, the mood is upbeat enough to draw investors and raise the prospect of additional listings as companies look to benefit from the confident tone. 'The current market conditions augur well for initial public offerings, so we will not be surprised if we see a couple of IPOs this year,' said Junaid Ansari, director of Investment Strategy and Research at Kamco Invest in Kuwait City. 'And IPOs support market performance in general.' Snack Makers Are Removing Fake Colors From Processed Foods The Mysterious Billionaire Behind the World's Most Popular Vapes Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? An All-American Finance Empire Drew Billions—and a Regulator's Attention Greenland Voters Weigh Their Election's Most Important Issue: Trump ©2025 Bloomberg L.P.
Bloomberg
06-03-2025
- Business
- Bloomberg
Kuwait Stocks Outshine Gulf Peers as Ruler Pushes for Reforms
Kuwaiti stocks are outpacing their Gulf peers this year, with banks driving a rally built on optimism that long-delayed economic reforms are gaining traction. The Boursa Kuwait Premier Market has jumped 11% this year, more than four times the pace of gains in neighboring Dubai and twice as much as MSCI Inc.'s emerging markets gauge.
Bloomberg
25-02-2025
- Business
- Bloomberg
Emerging Stocks Plunge on Trump's Latest Moves Against China
By and Zijia Song Updated on Save Emerging-market stocks plunged Monday, falling the most in more than three weeks, as US President Donald Trump's latest executive order targeting China stirred up a new round of risk aversion. MSCI Inc.'s benchmark for EM equities ended the day 1% lower, after rallying 10% in the past six weeks driven by bets that Chinese technology companies, especially Alibaba Group Holding Ltd., are making strides in artificial intelligence. That had taken the index's valuation to a four-month high, positioning it near highs that have sparked selloffs over the past two years.
