Vietnam Insight

The S&P 500 and Nasdaq Composite plunged 3.05% and 5.52%, respectively, last week, with both benchmarks on a six-day losing streak. Meanwhile, the Dow just shed 0.01% last week. Those moves came as strong US economic data and hawkish remarks from Federal Reserve officials cemented expectations that the central bank will delay interest rate cuts, with some analysts saying the Fed may not ease at all this year. Investors now look ahead to US GDP data on Thursday and the Fed-preferred PCE price index report on Friday.

VNINDEX closed at 1,174 (-18.16 points, -1.52%) with liquidity still high. The market had 90 green codes and 405 red codes. The groups of stocks contributing to the market's increase were BID and MSB. On the other hand, the groups of stocks contributing to the market's decline were FPT VIC CTG. All industry groups declined. Foreigners returned to net buy over VND 600 billion.

• World stocks: Seeking the Balance Point
• Vietnamese stocks: Expectation of bottom-fishing demand at MA200
• Macro news:
• Business news: #HSG, #NLG, #VND, #BSI, #FRT, #SSB
• Technical perspective and updated recommendations   
• Event calendar
• Q&A