[Morning call] - Sellers maintain pressure
07/01/2025

Summary

The market is more optimistic that Mr. Trump's more restrictive tariff policy will not cause a global trade war. In Monday's regular session, the S&P 500 rose 0.55%, and the Nasdaq gained 1.24%, while the Dow slipped 0.06%. The rally was largely fueled by a surge in semiconductor stocks following Foxconn’s report of record revenue and a positive outlook. Additionally, a Washington Post report contributed to market optimism, suggesting that President-elect Trump’s proposed tariff plan may be narrower than expected, potentially easing global trade tensions.

 

Continuing to decrease, VN-Index fell below the support zone of 1250 points. VNINDEX closed at 1,246.35 (-8.24 points, -0.66%) with liquidity remaining at the 20-session average. The market had 82 green codes and 318 red codes. All major industry groups ended the session in red. Foreign investors net bought VND 112 billion.

 

Trading Strategy: Investors can maintain observation in this area and consider reducing positions in stocks that violate technical signals. Short trading strategies are still prioritized and need to consider the two support and resistance levels of 1,200 and 1,300.

Category
Daily
Author
Thao Nguyen
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