Vietnam Insight

The U.S. raises tariffs on China to 145%. On Thursday, major indexes tumbled: the Dow dropped 2.5%, the S&P 500 slid 3.46%, and the Nasdaq Composite sank 4.31%, erasing much of Wednesday’s historic rally. That surge had been fueled by President Trump’s announcement of a 90-day tariff pause for most countries. However, renewed concerns over escalating trade tensions between the U.S. and China quickly undermined investor confidence. The White House confirmed that total tariffs on Chinese imports have surged to 145%, signaling a deepening trade war between Washington and Beijing. Looking ahead, investors are eyeing Friday’s U.S. consumer sentiment data and quarterly earnings reports from major financial institutions, including JPMorgan Chase, Morgan Stanley, Wells Fargo, and BlackRock. The annual inflation rate in the US eased for a second consecutive month to 2.4% in March 2025, the lowest since September, down from 2.8% in February, and below forecasts of 2.6%.

The market simultaneously surged to its ceiling limit right at the opening. VNINDEX closed at 1,168 (+74.04 points, +6.77%) with record low liquidity. Almost all industry groups hit their ceiling limit from the opening bell. The market had 534 green (advancing) stocks and 7 red (declining) stocks. Foreign investors net sold 855 billion VND

Trading Strategy: Investors should not rush to bottom-fish as the volume of shares bought during previous bottom-fishing sessions may return and create strong selling pressure. It is necessary to wait for the market to build a stable price base before entering a buying position

The Prime Minister requests maximum and satisfactory resolution of trade issues that the US is concerned about.