Vietnam Insight

The U.S. market surged thanks to the technology sector. US stocks rose on Monday as trading for November kicked off following seven straight months of gains for the tech-heavy Nasdaq Composite. In October, the Dow advanced 2.51%, the S&P 500 climbed 2.27% and the Nasdaq Composite rallied 4.7%. Those gains were driven largely by continued momentum in artificial intelligence, easing US-China trade tensions and the latest Federal Reserve interest rate cut. A strong earnings season also underpinned sentiment, with over 80% of S&P 500 that have posted quarterly results so far beating expectations. Investors now await fresh earnings from major names this week including Berkshire Hathaway, Palantir, AMD, Uber and McDonald’s. Meanwhile the prolonged US government shutdown continued to delay the release of crucial economic data, including the monthly jobs report. On the trade front, the White House announced over the weekend that China will suspend additional export controls on rare earths and end investigations targeting US semiconductor firms.

Trading in a range. VNINDEX closed at 1,639.65 (-29.92 points, -1.79%) with a volume lower than the 20-session average. The market had 127 gainers and 190 losers. The stocks that put the most pressure on the market were VIC, VHM, VCB; the stocks that supported the market were GAS, GVR, ACB. Foreign investors net sold VND 445 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.