Vietnam Insight

Stocks in the U.S. rallied on Friday, after Fed Chair Jerome Powell signaled that interest rate cuts are imminent, reinforcing expectations that the central bank will begin easing monetary policy in September. The S&P 500 rose 1.1%, the Dow Jones gained 462 points, and the Nasdaq advanced 1.4%, bolstered by strong gains in software and semiconductor stocks. Powell's comments at the Jackson Hole symposium boosted market confidence, with traders now anticipating a 70% chance of a 25pbs cut and a 30% chance of a 50pbs cut. For the week, both the S&P 500 and the Nasdaq gained 1.3%, while the Dow rose by 1%.

VNINDEX closed at 1,285.32 (+2.54 points, +0.2%) with liquidity falling to the 20-session average. The market had 172 green codes and 212 red codes. The group of stocks contributing to the market's increase included GVR HPG CTG while FPT LPB VRE contributed to the market's decrease. Most industry groups increased sharply. Foreign investors net sold more than VND 77 billion

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• Technical perspective and updated recommendations #VGT
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