Vietnam Insight

US stocks extended losses on Thursday amid increased geopolitical tension in the Middle East, while markets assessed the latest data for hints on the Fed’s policy outlook. The S&P 500 and the Nasdaq 100 were down by 0.3% each, and the Dow was down over 200 points. Risk assets came under selling pressure after President Biden said he is discussing whether the US would support Israel striking Iran’s oil assets as retaliation against the latter’s missile attack this week, spurring heightened concerns of more aggressive warfare in the region.

VNINDEX closed at 1,278.1 (-9.74 points, -0.76%) with increased liquidity and above the 20-day moving average. The market had 106 gainers and 289 losers. Stocks contributing to the market's gains included VPB, OCB, and CTG, while VHM, TCB, and VIC contributed to the declines. Foreign investors were net buyers of over 575 billion VND.

• World stocks: Geopolitical risk
• Vietnamese stocks: It takes more than just bank stocks trying
• Macro news
• Business news: #FRT, #BSR, #SGP, #MCH, #TLG, #BMC
• Technical perspective and updated recommendations 
• Event calendar
• Q&A