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Myanmar has joined the global equities and capital markets community with the launch of its first ever stock exchange, the Yangon Stock Exchange (YSX), which is backed by a Japanese partnership, according to a JPX statement.
The YSX has begun live trading, characterized by its inaugural listing, the First Myanmar Investment Co., Ltd., focused on the real estate business in Myanmar. The unveiling of a stock exchange constitutes a huge leap for the country that recent years had yielded a nascent investment base, troubled by domestic instability and rampant corruption.
One of the impetuses behind the launch of the YSX was its ... (read more)