Vietnam Insight

In regular trading on Tuesday, the S&P 500 and Nasdaq Composite surged 1.91% and 2.37%, respectively, for their best one-day performance since April. The Dow also jumped 1.43%. Those moves came as US inflation data came in lower-than-expected, bolstering the view that the Federal Reserve is done raising interest rates and putting downward pressure on Treasury yields. The annual inflation rate in the US slowed to 3.2% from 3.7% in September, slightly below forecasts of 3.3% while the core rate eased to 4%, the lowest in two years.

VNINDEX closed 1110 (+6.8 points, +0.62%). The market has 333 green tickers and 173 red tickers. The group of stocks leading the market included BID, VCB and HPG, on the contrary, BCM, CTG, and TCB contributed to the market's decline. During the trading session, the market opened up nearly 10 points compared to the previous day and closed recording an increase of +6.8 points, somewhat down compared to the opening price.

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