Vietnam Insight

Global stocks rose slightly, but the momentum started to slow down. US GDP rebounds in Q3. The European Central Bank (ECB) has just announced a decision to raise interest rates by 75 basis points, thereby bringing the interest rate of countries using the common euro to 2%.

Domestic stocks rebounded strongly with improved liquidity. The index can't stay out of phase forever in the context of global stocks rallying when the USD and bond yields cooled down recently.

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