Vietnam Insight

The U.S. temporarily delays imposing tariffs on Mexico and Canada. After signing an order over the weekend to impose a 25% tariff on goods from Mexico and Canada, as well as a 10% levy on China, Trump announced on Monday that the tariff on Mexican goods would be delayed by one month, pending further negotiations. Subsequently, Canadian Prime Minister Justin Trudeau confirmed on X that Trump had also agreed to suspend tariffs on Canada for at least 30 days. The Dow dropped 0.28%, while the S&P 500 and Nasdaq Composite lost 0.76% and 1.2%, respectively.

The technology sector weighs heavily on the overall market. VNINDEX closed at 1,253.03 (-12.02 points, -0.95%) with liquidity around the 20-session average. Blue-chip stocks decreased sharply, particularly technology and banking stocks. The VN-Index opened with a gap down and red dominated throughout the session. In the following sessions, the VN-Index will likely retest the demand at 1250 points and consolidate the short-term trend.

Trading Strategy: The market is currently trending towards a sideways trading pattern. For short-term trading, investors can consider deploying capital around the 1,240-point range and gradually take profits as it approaches 1,300 points. With a buy-and-hold strategy, investors can deploy additional capital when the VN-Index breaks out of and successfully defends the 1,300-point zone.