Vietnam Insight

 In regular trading on Wednesday, the Dow rose 0.19%, the S&P 500 gained 0.43% and the Nasdaq Composite climbed 0.71%,. Those moves came even as minutes of the Federal Reserve’s last meeting showed policymakers agreed that interest rates will need to remain at restrictive levels for a prolonged period, as resilience in the US economy warrants an aggressively hawkish response to bring inflation back to target levels. Data also showed that both headline and core producer prices in the US economy rose more than expected, aligned with the Fed’s concerns of stubborn inflation.

VNINDEX closed 1,150 (+7 points, +0.62%) with liquidity at the same level as the previous session. The market recorded an increase with 265 increasing codes and 213 decreasing codes. Foreign countries are slightly net buyers, while self-trading is a net sale. The increase was led by VCB, GVR and VIC, on the contrary, GAS VIHM decreased. Industry groups with strong increases include: oil and gas, financial services, and chemicals.

• World stocks: The upward momentum continues
• Vietnam stocks: Rising with uncertainty
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