Vietnam Insight

In regular trading on Tuesday, the Dow rose 0.85%, the S&P 500 rallied 1.45% and the Nasdaq Composite surged 1.74%, with all 11 S&P sectors ending higher led to the upside by communication services, consumer discretionary and technology. Those gains came as weaker-than-expected US consumer sentiment and labor data bolstered bets that the Federal Reserve will likely pause its interest rate hikes in September. A sharp decline in Treasury yields also boosted technology and other growth stocks, with the benchmark 10-year yield hitting an almost three-week low of 4.1%.

VNINDEX increased slightly by 2.71 points to close at 1,204.43 (+0.23%) with most sectors recording slight gains. Foreign investors net sold VND 205 billion, focusing mainly on VIC, VRE, and VNM. The market closed with a Doji candlestick pattern showing an unclear trend.

• World stocks: Gaining points on the expectation that the Fed will pause interest rate hikes
• Vietnam Stocks: Domestic market moves sideways after breaking through resistance at 1,200
• Business news: Economic update, #KBC, #VGI, #BID, #HT1, #NRC, #KHG
• Technical perspective and recommendation update  
• Event calendar