Morning call - The enthusiastic upward trend continues


In regular trading on Wednesday, the Dow fell 0.57%, the S&P 500 lost 0.7% and the Nasdaq Composite dropped 1.06%. Those losses came as rising Treasury yields and stronger-than-expected economic data stoked fears that the US central bank could raise interest rates further. The ISM Services PMI in the US unexpectedly jumped to 54.5 in August, pointing to the strongest growth in the services sector in six months and posting well above forecasts of 52.5.

The market closed at 1,245 (+10.52 points, +0.85%) with increasing liquidity. There were 356 green stocks, 145 red ones, and a strong upward trend in most industry groups. Among them, the leading stocks in the market included HPG, VPB, GAS, while VIC and BID saw a decline in points.

  • World stocks: Correction
  • Vietnam stocks: The enthusiastic upward trend continues
  • Business news: #HPX, #HQC, #SMC, #VNZ, #VPB, #DLG
  • Technical perspective and updated recommendations #VHM
  • Event calendar
  • Q&A
Hoang Nam

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