Vietnam Insight

Stocks rise amid growing economic concerns and trade tensions. The S&P 500 and Nasdaq Composite each gained 1.3%, while the Dow Jones surged over 500 points. The White House confirmed that General Motors, Ford, and Stellantis received a one-month delay on tariffs tied to the United States-Mexico-Canada Agreement, easing concerns over economic fallout. Investors viewed the move as a potential signal that the administration might negotiate further tariff exemptions, fueling a broad market rebound. Meanwhile, economic data sent mixed signals—an upbeat services sector report provided a temporary lift, but weaker-than-expected private payroll growth raised concerns about slowing economic momentum. The dollar index dropped more than 1% to 104.5 on Wednesday, marking its third consecutive session of losses and hitting its lowest level in nearly four months amid growing concerns over the economic impact of new US tariffs. 

Lack of buying force to sustain the uptrend. VNINDEX closed at 1,304.71 (-7.20 points, -0.55%) with liquidity remaining high. The market had 128 green codes and 343 red codes. The group of stocks contributing the most to the market's increase were VHM, VIC, MBB while CTG GVR and HPG contributed to the market's decrease. The banking group started strongly but lost all the gains in the afternoon session. Foreign investors net sold VND351 billion.

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.