Vietnam Insight

Vietnam stock market in the past week plunged sharply because of the Russia-Ukraine war and the fear of high inflation in the US. Oil&Gas stocks led the market in the early trading sessions of the week when oil prices rose and reached $120/barrel. Besides that, several stocks related to commodity prices also climbed strongly due to the prices of these commodities jumped when the supply shortage. At the end, VN Index plummeted 38.79 points, equivalent to 2.58%, and reached 1466.54. Also, the HNX Index dropped 8.39 points to 442.2, while UPCOM increased slightly by 2.08 points to 116.38.