Vietnam Insight

In regular trading on Wednesday, the Dow rose 0.54%, the S&P 500 gained 1.1% and the Nasdaq Composite advanced 1.59%. Those moves came as weak PMI data in the US and Europe bolstered bets that major central banks would halt their interest rate hikes to avert a recession. Investors now look ahead to the Jackson Hole meet for further rates guidance.

The VNINDEX closed at 1172, a decrease of 0.67%, with below-average trading volume over the last 20 sessions. Leading the market were GAS, VIC, and VNM, while VCB and VHM contributed to the market decline. Foreign investors had a slight net selling position, while proprietary trading continued to have a net buying position. The sectors that gained points in today's session were media and insurance, whereas the tourism, banking, and financial services sectors experienced a decrease in points.

• World market: Recovery
• Vietnam market: Trading volume decreases
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