Vietnam Insight

The Dow Jones dropped more than 700 points due to concerns over a global trade war. In regular trading on Tuesday, the Dow dropped 1.55%, the S&P 500 declined 1.22%, and the Nasdaq Composite fell 0.35%. US stock futures climbed on Wednesday after Commerce Secretary Howard Lutnick indicated that a potential compromise on tariffs between the US, Canada, and Mexico could be in the works. The comments come after Trump's 25% tariffs on goods from Canada and Mexico, along with an additional 10% duty on Chinese imports, took effect on Tuesday.  Investors are now turning their attention to Trump’s upcoming address to Congress, hoping for clues on the direction of US trade policy.

Absorption of selling pressure around 1,300. VNINDEX closed at 1,311.91 (+2.54 points, +0.19%) with the best liquidity since the beginning of 2025. The market had 211 green codes and 2,260 red codes. TCB attracted attention when it increased by more than 5% thanks to rumors related to the listing of TCBS and the upcoming dividend policy. The group of stocks that contributed the most to the market's growth were TCB, CTG, MBB while VHM VCB and HPG contributed to the market's decline. Foreign investors net sold 324 billion VND.

Trading Strategy: The market has broken through a key resistance level in the short term but lacks a necessary correction.Investors may consider taking profits on ½ of their portfolio and holding the remainder to allow profits to run; EMA 20 can be used as a reference for selling points. New buying opportunities will be suitable when the market retests the old resistance area of 1,280 – 1,300 and shows signs of rebounding.