Vietnam Insight

US stocks extended their lower momentum to close in the red on Wednesday, with key indices easing further from their recent peaks as markets digested hawkish signals from the Fed’s last meeting. The S&P 500 and the Nasdaq retreated 0.3% and 0.2%, respectively from their record highs yesterday, while the Dow lost 0.5%. Minutes showed that the FOMC grew more concerned about the lack of progress on curbing inflation in the US economy, and various policymakers noted they are willing to tighten monetary policy further if needed.

VNINDEX closed at 1,266.91 (-10.23 points, -0.80%) with liquidity remaining above the 20-session average. The market has 173 green codes and 291 red codes. The group of stocks contributing to the market's rising momentum includes FPT, HVN, and LPB. On the contrary, the groups of stocks contributing to the market's decline were VPB, VIC and CTG. Foreign net selling is about -856 billion.

• World stocks: Hawkish signals from the latest Fed meeting
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