Vietnam Insight

Trump's new criticism of the Fed Chair, including calls for interest rate cuts. The Dow fell 527 points, dragged by a 22.4% drop in UnitedHealth shares due to a weak outlook, while the Nasdaq 100 finished muted. Netflix rose 1.2% ahead of its upcoming earnings report. Market sentiment was mixed as investors digested President Trump’s comments on “big progress” in trade talks with Japan and his push for a deal with China. Jitters over tariffs and Trump’s renewed criticism of Fed Powell, including calls for rate cuts, added to the uncertainty. A drop in weekly jobless claims pointed to labor market resilience, though attention remained focused on trade negotiations and monetary policy signals. For the week, the Dow and Nasdaq fell 2%, while the S&P 500 lost 1%.

The market has recovered. The VNINDEX closed at 1,217.25 (+6.95 points, +0.57%) with a slight decrease in liquidity compared to the previous session. The number of gaining stocks outnumbered losing stocks with 261 gainers and only 174 losers. Foreign investors net sold over 4,500 billion VND, however, the majority of the value was concentrated in VIC shares through block transactions.

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%

Buy Recommendation: VCI