Vietnam Insight

Global stocks stabilize after the Fed meeting, trading is balanced. The Federal Reserve has raised the fed funds rate by 50bps to 4.25%-4.5% today, following four three-quarter point hikes, in line with market expectations and pushing borrowing costs to the highest since 2007.

Domestic stocks continued to be in green but the gaining momentum narrow towards the end of the session. The Prime Minister asked the Ministry of Finance to assess the solvency of bond issuers, report before December 20.

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