Vietnam Insight

 In regular trading on Monday, the Dow edged up 0.13%, while the S&P 500 and Nasdaq Composite gained 0.4% and 0.45%, respectively. Still, Wall Street is on track to end September lower due to seasonal weakness and hawkish signals from the Federal Reserve. The Fed hinted at another interest rate hike before the end of the year and fewer rate cuts than previously indicated next year. A strong dollar and Treasury yields, as well as higher oil prices also weighed on investor sentiment. Traders now look ahead to final building permits and new home sales data for August on Tuesday, as well as the Conference Board’s consumer confidence report.

VNINDEX closed 1,153 (-3.3%) with relative liquidity. The market has 495 red codes, 45 green codes and 110 floor price codes. Contributing to the strongest decline today were VIC, CTG, and HPG. In the opposite direction there is SSB ITA. Almost all industry groups decreased, the strongest being the financial services and chemicals groups.

• World stocks: The market dropped simultaneously
• Vietnamese stocks: Selling momentum is strong, red covers the entire market
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