Vietnam Insight

Awaiting U.S. inflation data. In regular trading on Monday, the Dow gained 0.38%, while the S&P 500 and Nasdaq Composite rose 0.67% and 0.98%, respectively. The move also includes the cancellation of exemptions and duty-free quotas for major suppliers, stoking concerns about the potential for a wider trade war. Investors are also bracing for key US economic data later this week, with the consumer inflation report set for release on Wednesday. Additionally, Federal Reserve Chair Jerome Powell is scheduled to testify before Congress on both Tuesday and Wednesday. 

The steel stocks plummet as President Trump raises the tax threat. VNINDEX closed at 1,263.26 (-11.94 points, -0.94%) with higher-than-average 20-session trading volume. The decline spread across the market, particularly in the steel, real estate, and textile sectors,… VN-Index experienced selling pressure right from the beginning of the session and declined throughout the trading day. After encountering pressure at the upper resistance zone, the VN-Index is likely to retest the lower support zone in the 1240-1250 range. 

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.