Vietnam Insight

In regular trading on Monday, the Dow rose 0.16%, while the S&P 500 and Nasdaq Composite lost 0.08% and 0.22%, respectively. Those moves came as Moody's downgraded its US credit rating outlook to negative from stable, citing increasing fiscal deficits and political standoffs in Washington. US stock futures were little changed on Tuesday as investors look ahead to the highly anticipated inflation report that could influence the economic and monetary policy outlooks. A hotter-than-expected reading could pour cold water on bets that the Federal Reserve is done hiking interest rates, while a softer reading would bolster the peak rate view.

VNINDEX closed at 1100 (-1.6 points, -0.15%) with a slight decline in liquidity. The market had 188 green codes and 321 red codes. The leading stock groups in the market were HPG, SSI, and MWG, while VHM, VCB, and VPB contributed the most to the market decline. The sectors that rose sharply were resources, automobiles and spare parts, while the media and tourism and entertainment sectors fell sharply. Foreign and self-owned blocks sold heavily.

• World stocks: Stable movements from all markets
• Vietnamese stocks: Fluctuates in a narrow range
• Business news: #MWG, #HPG, #QCG, #SSF,  #GMD, #ACG
• Technical perspective and updated recommendations
• Event calendar
• Q&A