Vietnam Insight

Trump announced talks with Iran, but they were denied by Tehran. US stock futures held steady on Tuesday following a sharp rebound in the previous session, driven by signs of a potential de-escalation in the US-Iran conflict. In regular trading on Monday, the Dow and Nasdaq Composite both jumped 1.38%, while the S&P 500 gained 1.15%. All 11 S&P sectors closed higher, led by consumer discretionary, materials, and technology stocks. The rally came after President Donald Trump announced a five-day delay in planned strikes on Iranian energy infrastructure and said productive talks with the country are ongoing. Oil benchmarks plunged about 10% following the announcement, easing inflation concerns and supporting equities. However, Tehran denied that any negotiations were underway, while Israel continued its attacks on Iran. Investors now turn their focus to upcoming US manufacturing data due Tuesday, along with earnings reports from GameStop and KB Home.

Short-term correction. VN-Index ended the trading day at 1,591.17 (-56.64 points, -3.44%), liqudidity improved back to around average 20 latest sessions. There were 33 stocks ended in green, 317 ended in red. Stocks that had exerted the most significant downward pressure on the index were VIC, MCH and BSR; whereas TCX, VNM and NAB contributed positively to the index. Foreign net sold VND 512 bn, notably MWG and HDB, while foreign bought strongly MSN and VNM. The broader market declined sharply on escalating conflict concerns

Trading Strategy: Investors may consider accumulating positions gradually during market pullbacks. However, given the ongoing uncertainty surrounding geopolitical developments, we recommend maintaining a moderate equity exposure to manage risk. In the current environment, sectors driven by domestic factors—such as public investment, banking, and construction materials—may be prioritized. At the same time, market declines triggered by cross-margin calls could present opportunities to accumulate stocks at attractive valuations.