Saudi Arabia’s non-oil exports climb 19% in July, reaching US$6.76 billion [CSOP Global Market Morning Report]
【Saudi Arabia】
🔸 Saudi Arabia’s non-oil exports climb 19% in July. Saudi Arabia’s non-oil exports surged by 19.04 percent to reach SR25.38 billion (US$6.76 billion) in July, compared to the same month of the previous year, official data showed.
🔸 Aramco (ARAMCO AB) plans to raise up US$3B in 5 and 10-year sukuk, setting the price guidance for the 5 and 10-year sukuk at 120 and 135 bps above US Treasury bonds respectively. $CSOP Saudi Arabia ETF (02830.HK)$
【China】
🔸 $BABA-W (09988.HK)$Singles’ Day preparation includes US$5.7 billion in aid to merchants. Taobao and Tmall plan to give out 30 billion yuan in consumer vouchers and use 10-billion-yuan worth of resources to boost traffic amid e-commerce competition.
【Asia Pacific】
🔸 Vietnam's improved telecom infrastructure leads to leap in e-gov't ranking. The great efforts made in all three "pillars", including telecommunications infrastructure, the workforce and online public services, have helped Vietnam jump by 15 grades in the e-government ranking. The ranking of electronic/digital government development of 193 member countries of the United Nations has been implemented every two years since 2003, aiming to help countries grasp trends in order to set up strategies for digital government in the future.
🔸 Singdollar trades at a fresh 10-year high of S$1.28 against the greenback. The currency has been gaining strength in recent months, but especially so after Fed rate cut. $CSOP S-REITs INDEX ETF (SRT.SG)$
🔸 $Suzuki Motor (7269.JP)$ who has the largest share of the passenger car market in India, plans to expand dealership network in India to 6,800 outlets.
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