Phu Nhuan Jewellery, Vietnam’s largest listed jeweller, is facing a crisis of confidence after police detained the former head of its gem certification subsidiary over his alleged links to a transnational diamond-smuggling ring. Shares in PNJ, as the company is known, have plummeted more than 25 per cent since news of
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Phu Nhuan Jewellery, Vietnam’s largest listed jeweller, is facing a crisis of confidence after police detained the former head of its gem certification subsidiary over his alleged links to a transnational diamond-smuggling ring. Shares in PNJ, as the company is known, have plummeted more than 25 per cent since news of
Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experienced during the 1987 "Black Monday" market crash. The weakness also spread to other software stocks. Phu Nhuan Jewellery, Vietnam’s largest listed jeweller, is facing a crisis of confidence after police detained the former head of its gem certification subsidiary over his alleged links to a transnational diamond-smuggling ring.
Times of India reported the story as "IBM's 'ugly moment': Worst fall since 1987, $69 bn wiped out — Why did stock crash 25%?." South China Morning Post reported the story as "Vietnam jeweller rattled by ex-official’s arrest over India-Hong Kong gem-smuggling ring."
2 sources have covered this story, including South China Morning Post and Times of India. The earliest reporting in the cluster landed about 17 hours ago.
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Claim ledger
[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.
Framings — how each side is covering it
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