Vietnam Insight

Concerns over Powell's unclear message about the interest rate path. On Wednesday, the Dow dropped 1.73%, the S&P 500 fell 2.24%, and the Nasdaq Composite sank 3.07%. Adding to the pressure, Chair Powell, speaking in Chicago, warned that escalating tariffs could fuel inflation and dampen growth—complicating the Fed’s efforts to balance price stability and employment. Markets were also unsettled by Powell's lack of clarity on the path of interest rates, driving major indices to their session lows.

The market declined. VNINDEX closed at 1,210.30 (-17.49 points, -1.42%) with slightly decreased liquidity compared to the previous session. Selling pressure across many sectors and the weakening of VinGroup-related stocks were the reasons for the index reversing downwards in the afternoon session. Foreign investors were net sellers of a slight VND 272 bn, with the focus being on FPT with a net selling value of nearly VND 500 bn

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

White House: Chinese goods face tariffs of up to 245%