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FINANCE Friday 12th August

PHNOM PENH: The CSX Index is currently at 472.82 Points up 0.31 Points or 0.07%

National bank of Cambodia Daily Exchange Rate is 4,101 KHR to the USD$.

The Cambodian Investment Committee of the Council for the Development of Cambodia has decided to issue 3 investment project registration certificates.

2 garment factories One in Phnom Penh with an investment of approximately US $ 5.3 million about 1,024 jobs, the second in Kampong Speu province with an investment capital of $5.2 million US creating 1,029 jobs. The third one will be a yarn factory also in Kampong Speu province with an investment capital of approximately 5.2 million US dollars and 226 jobs.

Asian stocks were mixed and the yen fell on Friday, capping off a back-and-forth week that saw investors split on how aggressively the Federal Reserve would raise interest rates to tackle inflation.

The Japanese yen fell the most against a recovering U.S. dollar on Friday, as a two-day rally in equities conceded to market expectations that the Fed would have to do a lot more to contain inflation.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.1%, and Australia's AXJO (.AXJO) was down 0.72%.

Hong Kong's Hang Seng index (.HSI) rose 0.35%, but Chinese blue-chip stocks (.CSI300) fell 0.1%

Japan's Nikkei (.N225) was the major outlier, surging 2.43% to its highest level since January as markets reopened following a national holiday.

The yen fell 1.14% and was trading at 133.245per dollar.

The S&P 500 (.SPX) closed down 0.07% and the Nasdaq Composite (.IXIC) lost 0.58% overnight, though the Dow Jones Industrial Average (.DJI) rose 0.08%.

In commodities, Brent crude oil futures fell 54 cents to $98.06 a barrel. U.S. West Texas Intermediate crude was also down, dropping 55 cents to $93.79.

Brent is still on track to gain more than 4% this week, while WTI looks likely to mark a weekly climb of 5%.

Bitcoin, the leading cryptocurrency, shaved some overnight gains and lost 1.10% to trade at $23,943.

Spot gold was up 0.11% at $1,791 an ounce.



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