Vietnam Insight

The recovery is there but not significant – the trade war continues to escalate. On Tuesday, the Dow slipped 0.84%, the S&P 500 fell 1.57%, and the Nasdaq Composite plunged 2.15%. Equities had initially rallied on hopes for progress in global tariff negotiations, but reversed course after Trump confirmed the tariffs would proceed as planned. The White House described the measures as "non-negotiable," citing national security concerns. Meanwhile, China pledged to “fight to the end” in the growing trade conflict. Despite reports that over 70 countries, including Japan and South Korea, expressed willingness to negotiate, the lack of concrete developments weighed on investor sentiment. Looking ahead, investors await the release of the Fed’s latest minutes for new signals on the direction of interest rates.

The market continued its downward trend. VNINDEX closed at 1,132 (-77.88 points, -6.43%) with significantly higher liquidity compared to the 20-session average. The market had 506 declining stocks. Almost no stocks contributed to the market's gain. All industry groups decreased by at least 5-6%, and foreign investors were net sellers of nearly VND 1,700 billion.

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

The White House officially announces: The US will impose a 104% tariff on Chinese goods starting this noon (April 9th).