Vietnam Insight

Last week, the Dow fell 2.21%, the S&P 500 dropped 2.11% and the Nasdaq Composite tumbled 2.59%, with the last two benchmarks posting their third consecutive losing week. Minutes of the Fed’s July meeting released last week showed that policymakers remained concerned about upside risks to inflation, leaving the door open for further policy tightening. Investors now look ahead to Fed Chair Jerome Powell’s remarks at the central bank’s annual symposium in Jackson Hole, Wyoming on FridayEuropean markets finished lower today with shares in France leading the region. The CAC 40 is down 0.94% while Germany's DAX is off 0.71% and London's FTSE 100 is lower by 0.63%.

VNINDEX started the Friday morning session with downward pressure from VIC shares, followed by a cascading decline across various stock groups. By the end of the session, the market closed at 1,177.99 (-55.49 points, -4.5%) with a historical record-breaking trading volume of over 35 trillion. Proprietary trading achieved a record net buying of over 1,200 trillion, and surprisingly, foreign investors also turned to net buying.

• World market: Global Stock Markets Experience Decline
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