So, countries like Vietnam that might have benefited from people moving capacity from China to Vietnam but effectively importing a lot from China and processing in Vietnam, those types of situations being under more pressure.
Stocks in China and Hong Kong plunged 7.3% and 13.2%, respectively, as Beijing announced tariff retaliation. Japan tumbled 7.8%, South Korea dropped 5.6% and Taiwan
It expects investors to see through the short-term volatility and properly appreciate the country’s robust macro-economic fundamentals, especially better medium-term growth prospects, compared to other
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