Vietnam Insight

Postpone the implementation of a 50% tariff on European Union goods. US stock futures jumped on Tuesday after President Donald Trump announced over the holiday weekend that he would postpone the implementation of a 50% tariff on European Union goods, extending the deadline to July 9. The decision follows a volatile week for financial markets, driven by growing concerns over the US fiscal outlook and persistent trade uncertainties. Last week, the Dow dropped 2.47%, the S&P 500 fell 2.61%, and the Nasdaq Composite lost 2.47%. Apple shares were particularly hard hit, plunging 7.57% after Trump warned that iPhones sold in the US must be manufactured domestically or face a minimum 25% tariff. Investors are now turning their attention to key economic data due Tuesday, including reports on durable goods, housing, and consumer confidence.

Heighten volatility near 1,300. VNINDEX closed at 1,315.99 (+1.53 points, 0.12%) with liquidity around the 20-session average. The market had 253 stocks increasing and 72 stocks decreasing, most of the industry groups were under pressure to decrease points. The group of stocks contributing the most to the market's increase were VHM, GVR, VIC while VPL, ACB and STB contributed to the market's decrease. Foreign investors net sold more than 34 billion, the value mainly concentrated in stocks VIX and VCG.

Trading Strategy: Investors are holding off on new purchases and looking to sell as the market shows signs of distribution. Following this correction phase, investors may look for opportunities in stocks benefiting from domestic fundamentals, particularly in sectors such as steel, banking, securities, and energy. Opportunities may open up on down sessions.

Buy Recommendation: MWG