Vietnam Insight

Global stocks continue to fluctuate, the market is in panic. On Thursday, the Dow tumbled 3.98%, the S&P 500 dropped 4.84%, and the Nasdaq plummeted 5.97% after Trump unveiled a 10% baseline tariff on all imported goods, with even higher levies for key trading partners. The move raised fears of global retaliation, threatening trade stability and economic growth. However, Trump later signaled openness to trade negotiations, contradicting earlier remarks from his aides

A correction occurred. The VNINDEX closed at 1,229.8 (-87.99 points, -6.68%) with double the average 20-session trading volume. The market had 517 declining stocks. Almost no stocks contributed to the market's increase. All industry groups decreased by at least 5-6%, and foreign investors were net sellers of nearly 3,700 billion VND

Trading Strategy: Investors should not rush to bottom-fish when the index may continue to decline. It's necessary to wait for the market to establish a price base for at least 2-3 sessions. For stocks that violate the short-term cut-loss threshold, investors should sell to protect their accounts

Assessment of the U.S. countervailing tax impact