Vietnam Insight

Global stocks diverged, Nikkei jumps more than 2% on positive economic data. The ECB raised main interest rates by 75bps, following a 50bps rate hike in July, and matching expectations.

Domestic stocks continue to decline. VN30F1M is approaching the strong support zone around 1,250 – 1,260 points and the spread with the underlying index has narrowed, expect less volatile trading when near to maturity date at next week.

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