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SPI Asset's Innes said the local bourse took its cue from the recovery rally in the United States.

Kingdom earned $919 million from the export of rubber and rubber articles in 2023, recording a growth of 69.6 percent compared to the previous year.

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Gift Nifty was trading around 22,088 level, as compared with Nifty futures’ previous close of 22,015, indicating a mildly positive start for the Indian stock market indices.

Asian markets traded higher, while US stocks ended higher overnight after economic data increased investors’ optimism that the US Federal Reserve will begin interest rate cuts in coming months.

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Securities companies have optimistic forecasts about the Vietnamese stock market in 2024 and believe that the VN-Index will return close to its historical peak.

The VN-Index could reach 1,460 points in 2024. Support policies from domestic investments will help Việt Nam’s economy achieve the government's goals. GDP is expected to regain a stable growth rate of around 6.5 per cent.

The inflation data dampened expectations for early US interest rate cuts, leading to a drop in the odds of a rate cut in May.