Vietnam Insight

Last week, the S&P 500 dropped 4.25% for its worst week since March 2023, while the Nasdaq Composite tumbled 5.77% for its biggest weekly fall since January 2022. Those moves came as weak US manufacturing and labor market data stoked fears of a slowing economy. The August jobs report revealed that nonfarm payrolls grew less than expected, although the jobless rate edged lower. Investors now look forward to key inflation data this week that could provide more insights ahead of the Federal Reserve’s interest rate decision this month.

VNINDEX closed at 1,267.73 (-6.23 points, -0.49%) with liquidity decreasing and remaining below the 20-session average. The market had 104 green codes and 282 red codes. The group of stocks contributing to the market's increase included GAS HPG NAB while VHM VIC BID contributed to the market's decrease. Most industry groups decreased, except for basic materials, oil and gas and infrastructure services. Foreign investors net sold more than VND 484 billion.

• World stocks: US stocks rebounded strongly after a weak trading week
• Vietnamese stocks: Buyers still waiting
• Macro news
• Business news: #HDC, #POW, #BWE, #MWG, #SSB, #TCB
• Technical perspective and updated recommendations  #MBB
• Event calendar
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