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Highlights US futures fall on hotter-than-expected inflation, Nikkei 225 down for a fifth straight session, European stocks rise, crude oil near $95/barrel. US stock futures extended losses on Thursday as hotter-than-expected consumer inflation strengthened expectations of more aggressive Federal Reserve rate hikes. S&P 500 and Nasdaq 100 futures fell 0.3% and 0.9%, respectively, while Dow futures were flat. During Wednesday’s regular session, the S&P 500 and Nasdaq Composite declined 1.11% and 1.88%, respectively, with technology stocks leading the selloff amid growing concerns over AI-related investments. Data released Wednesday also showed that annual consumer price inflation accelerated to 3.7% in September, its highest level in four months and above market expectations of 3.6%. Investors are now awaiting Thursday’s producer inflation report, along with the latest retail sales data and weekly jobless claims figures. On the corporate front, earnings reports are expected from Charles Schwab, US Bancorp, Freeport-McMoRan, American Airlines, Snap, and other companies. Japan’s Nikkei 225 slipped 0.05% to close at 67,744 on Wednesday, surrendering earlier gains and extending its decline to a fifth consecutive session. European equities closed higher on Wednesday, resisting sharp losses in North American equity markets amid positive corporate developments for local corporate giants. Crude oil traded near $95 per barrel on Thursday after rallying for five straight sessions, underpinned by escalating hostilities in the Middle East and Eastern Europe that heightened concerns over supply disruptions.   Declining with divergence. The market declined mainly due to the VIC and VHM stocks, which together took the index down by nearly 12 points out of the total 14.55-point decline. In contrast, the financial sector is showing resilience. We expect a rebound around the psychological level of 1,700, but do not rule out the possibility of the market falling to 1,660 (the lower bound of the trading range over the past 10 months). Support and resistance are 1,660 - 1,800, respectively.   Trading strategy: Prioritize defensive stocks with low beta, strong cash flow, high dividends and low leverage amid high interest rates. With thin liquidity the market can fall suddenly, so buying on pullbacks is more appropriate than chasing prices. Also pay more attention to individual sectors and stocks than to the overall index, given the sharply divergent market. Prioritize sectors with strong capital inflows and expectations of outstanding Q3 business results.

Quick Summary — The VN-Index closed the 14/10/2026 session at 1,704.87 points (-0.85%), with selling pressure concentrated in the Vingroup names and market-wide liquidity of VND 15,296 bn. Media led sector gains (+3.66%), while the index slipped back to test the 1,700 psychological level. Foreign investors net sold VND 773 billion, concentrated in VIC, VHM and FRT. In contrast, MBB, STB and HPG saw solid net buying. The VN-Index is expected to trade within a support zone of 1,660 and resistance of 1,800 points over the coming sessions. Technical: The decline was driven mainly by VIC and VHM, which together accounted for close to 12 of the index’s 14.55-point loss. In contrast, the financial group is holding firm. We expect a rebound at the 1,700 psychological level, although a slide toward 1,660 — the lower bound of the past 10 months’ trading range — cannot be ruled out. Support and resistance stand at 1,660 – 1,800 respectively. Short-term scenarios for the next 2 weeks: Bullish (15%): The market heads toward 1,880 points Base case (48%): The market is expected to trade within the 1,700 – 1,780 zone as divergence continues Bearish (37%): The market falls to the lower bound of the support zone around 1,600 – 1,660 as the Vingroup names keep sliding and other groups stay weak Strategy: Prioritize defensive, low-beta names with strong cash flow, high dividends, and low debt leverage amid rising interest rates. Given the market can drop unexpectedly when liquidity is thin, this is a better time to buy on dips than to chase prices. Investors should also focus more on individual sectors and stocks than on the headline index given the markets strong divergence. Prioritize sectors with strong cash flow alongside expectations of outstanding Q3 earnings.

Highlights US stock futures little changed ahead of inflation data, Nikkei 225 and European stocks fall, crude oil climbs toward $95 per barrel. US market: US stock futures were little changed on Wednesday as investors awaited the September consumer inflation report for clues on the Federal Reserves (Fed) next interest rate decision. On corporate news, Bank of America shares fell more than 2% in after-hours trading after federal regulators imposed a fine of more than $1.2 billion, alleging that the bank had failed to report more than $5 billion of suspicious transactions over several years. In Tuesdays regular session, the Dow Jones fell 0.35%, the S&P 500 fell 0.02% and the Nasdaq Composite fell 0.15%. Memory stocks extended their decline amid growing concerns over artificial intelligence (AI)-related investment and intense competition from China, with Micron down 4.6%, SanDisk down 1.7%, Lam Research down 3.2% and Applied Materials down 7.2%. Financial stocks also largely ended the session in the red after releasing quarterly earnings, including Citigroup (-5.3%), Wells Fargo (-2.6%), Goldman Sachs (-0.1%) and JPMorgan (-0.3%). Crude oil: Crude oil rose to nearly $95 per barrel on Wednesday.   Sideways with sharp divergence. The market edged lower and remained sharply divergent. Vingroup stocks reversed to recover part of the previous sessions decline, while banks diverged, with HDB and VPB rising strongly as other banks fell. The market continues to trade below the MA 50, with support and resistance at 1,720 - 1,800 respectively.   Trading strategy: Prioritize defensive stocks with low beta, strong cash flow, high dividends and low leverage amid high interest rates. With thin liquidity the market can fall suddenly, so buying on pullbacks is more appropriate than chasing prices. Also pay more attention to individual sectors and stocks than to the overall index, given the sharply divergent market. Prioritize sectors with strong capital inflows and expectations of outstanding Q3 business results.

Quick Summary — The VN-Index closed the 13/10/2026 session at 1,719.42 points (-0.09%), the index edged lower and divergence remained wide, with market-wide liquidity of VND 14,366 bn. Real Estate led sector gains (+1.08%), while the index continues to trade below its 50-day moving average. Foreign investors net sold VND 434 billion, concentrated in FPT, GMD and MSB. In contrast, HDB, PNJ and VHM saw solid net buying. The VN-Index is expected to trade within a support zone of 1,720 and resistance of 1,800 points over the coming sessions. Technical: The market edged lower and divergence remained wide. The Vingroup names reversed, recovering part of the previous session’s decline, while the banking group diverged with strong gains in HDB and VPB and losses elsewhere. The market continues to trade below its 50-day moving average, with support and resistance at 1,720 and 1,800 points respectively. Short-term scenarios for the next 2 weeks: Bullish (15%): The market heads toward the 1,880 level Base case (60%): The market is expected to trade within the 1,720 - 1,780 zone as divergence continues Bearish (25%): The market slides to the lower bound of the support zone, around 1,600 - 1,660, as sentiment and liquidity weaken Strategy: Prioritise defensive, low-beta names with strong cash flow, high dividends and low debt leverage amid rising interest rates. With liquidity thin, the market can fall unexpectedly, so this is a better time to accumulate on dips than to chase prices. Investors should also focus on individual sectors and stocks rather than the headline index given the wide divergence. Prioritise sectors with healthy cash flow alongside expectations of outstanding third-quarter earnings.

Highlights US futures mixed ahead of major bank earnings, European stocks rise for a second straight session, crude oil holds above $93 per barrel. US market: US stock futures traded mixed on Tuesday as investors prepared for major bank earnings reports that could shape the direction of the third-quarter earnings season. S&P 500 and Nasdaq 100 futures slipped 0.1% and 0.2%, respectively, while Dow futures edged up 0.05%. JPMorgan, Goldman Sachs, Citigroup and Wells Fargo are set to release their latest quarterly results today. Other major companies due to report include Johnson & Johnson and UnitedHealth. Investors will also assess existing home sales data and remarks from Federal Reserve officials Christopher Waller, Tom Barkin and Susan Collins. These developments come ahead of Wednesday’s September inflation report, which could influence the Fed’s next policy decision. In Monday’s regular session, the S&P 500 and Nasdaq Composite fell 0.06% and 0.44%, respectively, pressured by a selloff in memory chip stocks. Meanwhile, the Dow gained 0.38%.   Sideways with sharp divergence. The market declined but breadth improved, with 158 advancing stocks against 154 decliners. The decline was driven mainly by VIC and VHM, while the banking group performed positively. The market is currently testing support at 1,720, which also coincides with the support levels of the VIN group. We expect a rebound here as Q3 earnings news begins to be priced in, while the Vingroup stocks are expected to trade sideways in the base case.   Trading strategy: Favor defensive, low-beta names with strong cash flow, high dividends and low borrowings given high interest rates. With thin liquidity the market can fall suddenly, so this is a better time to buy on weakness than to chase prices. Pay more attention to individual sectors and stocks than to the headline index in a sharply divergent market. Favor sectors with strong cash flow together with expectations of outstanding Q3 earnings.Current hodling portfolio: REE; Watchlist: TCH BVH, GAS, HPG; High risk stocks to avoid: PNJ NVL