Vietnam Insight

Showing a correction after the interest rate news has been fully priced in. Futures tied to the S&P 500 and Nasdaq 100 indexes advanced on Friday after upbeat quarterly results from major tech firms. In extended trading, Amazon surged 13% on stronger-than-expected Q3 earnings, powered by a 20% revenue increase in its cloud unit, AWS. Apple gained 2.5% after reporting solid fiscal Q4 results and offering optimistic guidance for the holiday quarter. Netflix also climbed over 3% after unveiling a 10-for-1 stock split. Meanwhile, Wall Street came under pressure on Thursday, with the Dow losing 0.23%, while the S&P 500 and Nasdaq Composite tumbled 0.99% and 1.57%, respectively. The market was dragged lower by sharp selloff in tech stocks amid growing concerns over ballooning AI infrastructure spending. The meeting between Presidents Trump and Xi also failed to lift market sentiment as it provided little positive surprises.

Technical rebound – consolidation phase. VN-Index closed at 1,669.57 (-16.26 points, -0.96%) with Trading Volume Below 20-Session AverageThe market recorded 148 gainers and 175 decliners. The stocks exerting the greatest downward pressure were VIC, LPB, and VPB, while FPT, KDH, and HVN provided key support. Foreign investors remained net sellers, with a net outflow of VND 1,152 billion.

Trading Strategy: Investors may consider short-term trades within the 1,600–1,700 range. If the market successfully retests the 1,600 level, investors can also deploy capital for medium- to long-term positions, focusing on stocks with strong momentum — such as those benefiting from an upgrade in market classification, robust earnings growth, or valuations that remain lower than the overall market average.