Rising interest rates pose a threat to the property market's recovery

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• Novaland Extends Rights Offering Period for Over 800 Million Shares to Existing Shareholders

  Novaland has extended the registration and payment deadline to November 26, 2026 for its rights offering of up to nearly 800.7 million shares to existing shareholders, at a 3:1 ratio and VND 10,000 per share, expected to raise about VND 8,007 billion. The deadline for transferring subscription rights has also been moved to November 23, 2026, with both dates pushed back by about one month from earlier notices. The company plans to use VND 5,953.3 billion to repay part or all of the principal of 13 bonds it issued, while contributing VND 916.3 billion to Nova Saigon Royal and VND 1,137.3 billion to No Va Thảo Điền to repay bonds issued by those entities. Payments are expected between Q4 2026 and Q1 2027, and the timing and amounts may be adjusted depending on market conditions and negotiations with bondholders.

  CafeF·19/10, 08:41Novalandbondsreal estate
• Novaland issues important announcement

  Novaland (NVL) has extended the timeline of its rights offering to existing shareholders: the subscription rights transfer period now runs to November 23 (from October 26), and registration and payment to November 26 (from October 29). The offering of up to nearly 800.7 million shares at a 3:1 ratio and VND 10,000 per share is expected to raise about VND 8,007 billion. Of this, VND 5,953.3 billion will repay part or all of the principal on 13 of the company's bonds, VND 916.3 billion goes into Nova Saigon Royal Real Estate Investment Co. Ltd., and VND 1,137.3 billion into No Va Thảo Điền Co. Ltd., both to repay bonds of those entities. Payments are scheduled for Q4 2026 to Q1 2027 and may be adjusted to market conditions. This is one of three capital-raising plans shareholders approved in July, alongside a private placement of up to 800 million shares and an ESOP of over 111.7 million shares.

  CafeF·19/10, 04:28Novalandbondsreal estate
• China set to leave benchmark lending rates unchanged for 17th month

  A Reuters survey of 22 market participants showed all expected the one-year and five-year LPRs to stay at 3.00% and 3.50% at Tuesday's review. Third-quarter growth rebounded from three-year lows as strong exports offset tight consumer spending, though analysts warn that reliance on external drivers is deepening structural imbalances. Market participants expect Beijing to meet its 2026 growth target of 4.5%-5.0% without additional stimulus. New home prices fell again in September, extending a slump of more than three years and suggesting policy support has not yet sparked a broad housing recovery.

  aol.com·19/10, 08:45interest ratesChinaGDP growth
• The Housing Market Is Not Returning To 2020 | Armstrong Economics

  Fannie Mae sharply raised its forecast for the average 30-year fixed mortgage rate, now seeing about 7.4% in Q4 2026 and around 7.5% through 2027, up from 6.8% and 6.7% previously. The author argues the low pandemic-era rates were an anomaly created by extraordinary Federal Reserve intervention, and current rates reflect 3.7% inflation, over $40 trillion in federal debt and rising Treasury yields. On a $350,000 mortgage, the monthly principal and interest payment would be about $2,447 at 7.5% versus about $1,476 at 3%, nearly $1,000 more. Pending home sales fell 8.5% in September from a year earlier, a sign of affordability strain that the author says will force the housing market to adjust to the price of money.

  armstrongeconomics.com·19/10, 05:30interest rateshousingreal estate
• Outstanding credit as of October 14 tops 20.7 million billion dong; banks agree to cut lending rates after meeting with the State Bank on the morning of October 19

  As of October 14, 2026, outstanding credit to the economy reached 20,721,583 billion dong, up 11.44% from the end of last year and 16.73% year-on-year. On the morning of October 19, State Bank of Vietnam (SBV) Governor Phạm Đức Ấn met with chairs and CEOs of commercial banks, and the banks agreed to cut interest rates. Specifically, listed deposit rates for terms of 6 months or more will fall by at least 0.5%/year, while lending rates will drop by 1.5–2%/year, focusing on production, business and priority sectors. The backdrop includes Middle East conflict driving up oil prices, several major central banks raising rates and a stronger US dollar, all of which pressure Vietnam's monetary policy. The SBV also asks banks to channel credit into production and business while tightly controlling lending to risky sectors, including real estate.

  CafeF·19/10, 05:08▲ VNINDEX▲ ACB▲ BID▲ CTGinterest ratescreditbanks
• London property asking prices see surprise autumn spike ... as sellers in the north cut theirs

  According to Rightmove, asking prices for homes newly listed in London rose 2.5% between September 12 and October 10, while Inner London rose 3.9%, unlike the national decline of 0.1%. London's rise followed a weak summer, when asking prices fell 6% across July and August, and sellers hope to capitalize on buyers wanting to move before Christmas. Rising mortgage rates have added about £250 to new mortgage payments since February, and sales agreed were 8% lower and buyer inquiries 9% lower than a year earlier. Listings remain at their highest level for this time of year since 2014, 38% of homes have had price cuts, and offers take 78 days (11 weeks) on average to be accepted. Rightmove suggests some London sellers may be too optimistic on price.

  dailymail.com·19/10, 01:00UKreal estateinterest rates

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• A bank stock unexpectedly drew nearly 300 billion VND in net buying from securities firms' proprietary desks early this week

  On 19/10, the VN-Index fell 16.07 points (-0.94%) to 1,689.84, with selling pressure intensifying in the afternoon session. Securities firms' proprietary trading net bought 275 billion VND on HoSE, led by CTG at 230 billion VND, followed by KBC (134 billion), VPB (133 billion) and MSN (45 billion). On the other side, proprietary desks net sold the most of ACB at 221 billion VND and FRT at 144 billion VND.

  CafeF·19/10, 10:20▲ VNINDEX
• BingX, YouHodler added to ESMA MiCA register in latest update

  ESMA's latest MiCA register update added nine crypto-asset service providers (CASPs), bringing the total to 375 unique providers, including BingX's Austrian entity MEGE zweite and the Italian subsidiary of YouHodler. Other additions were Spain's Prakma Markets, Openbank Deutschland (a unit of Banco Santander) and two German cooperative lenders, while Denmark's Penning Financial Services is no longer listed. The EMT register stayed at 50 entries for 25 unique entities, the ART register remained empty, and the non-compliant NCASP register rose by five entries to 178. BingX's EU CEO Daniel Lai said the authorization lets the company operate under a clear regulatory framework as it prepares to launch regulated services across the European Economic Area.

  Cointelegraph·19/10, 10:13
• JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg

  JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.

  CoinDesk·19/10, 10:03▲ ETH/USDT• JPMJPMorganbankscrypto
• Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas

  Cerrado Gold reported Q3 2026 production of 16,685 GEO at the Minera Don Nicolas (MDN) mine in Santa Cruz Province, Argentina, up 21% from 13,832 GEO in Q3 2025. Year-to-date output reached 44,942 GEO, up 23% from 36,432 GEO in the comparable 2025 period. Heap leach output held steady at 9,649 GEO, while CIL output rose to 7,036 GEO as higher-grade Calandrias material, generally above 2.5 g/t gold, was routed to the Martinetas mill. Laboratory tests on selected material showed gold recoveries of up to 95%, versus about 60% expected from heap leaching, and the company now expects full-year 2026 production at the upper end of its 50,000 to 60,000 GEO guidance while targeting a new PEA by late Q1 2027.

  Yahoo Finance·19/10, 10:00goldgold miningCerrado Gold
• Prediction: Microsoft Stock Is Going to Soar After Oct. 28

  The article argues that recent market volatility stems from doubts about the sustainability of AI infrastructure spending, making Microsoft's upcoming earnings report critical. Microsoft reports fiscal 2027 first-quarter results on Oct. 28, focusing on Azure and Copilot; Copilot 365 licenses reached 30 million as of June 30, up 50% from three months earlier, yet remain small against more than 400 million 365 licenses. Azure carries $678 billion in remaining performance obligations (RPO), and its revenue growth accelerated to 43% in the final quarter of fiscal 2026. The author cites a forward P/E of 27.3 as evidence of attractive valuation, but warns that OpenAI has committed over $300 billion to Azure without currently having that money. The author suggests investors may manage risk by keeping a small position size.

  Yahoo Finance·19/10, 09:55▲ MSFT
• Is Visa Stock Still a Buy After Gaining 14% This Year?

  Visa shares hit an all-time high of $401, up about 12% over the past two weeks from $359 at the end of September and up 14% year to date. Key catalysts include approval from the People's Bank of China to set up a bankcard clearing institution in China and the move of Visa Direct's stablecoin to commercial deployment on Oct. 15. Baird and BMO Capital both raised their price targets. Visa reports fiscal fourth-quarter earnings on Oct. 27 and has raised its dividend every year since 2009, last year by 14% to $0.67 per share. The author still considers the stock a buy ahead of earnings, citing a forward P/E of 24.

  Yahoo Finance·19/10, 09:42VisastablecoinsChina