Vietnam Insight

Global stocks recovered. US stocks closed higher on Wednesday as investors await the US CPI report due tomorrow which is expected to show the inflation rate slowed for a sixth straight month. Yesterday, Fed Chair Powell abstained from commenting on the outlook for monetary policy, contrasting with some hawkish messages from his colleagues earlier this week.

Domestic stocks continued to be under pressure of profit taking. According to Reuters, Chinese display maker BOE Technology Group Co Ltd (a supplier to both Apple Inc and Samsung Electronics Co Ltd) will invest about $400 million in a plan to build a factory in Vietnam.

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