Vietnam Insight

Global stocks fell again. Producer prices for final demand in the US increased 0.7% month-over-month in January of 2023 and higher than market forecasts of 0.4%. Asian equity markets fell on Thursday, tracking Wall Street lower as stronger-than-expected US economic data and hawkish remarks from Fed officials. In Australia, RBA’s Lowe also said further rate increases would be needed to tame sky-high inflation. Shares in Australia, Japan and South Korea all declined.

Domestic stocks kept in green but order matching dropped. In January 2023, Vietnam's rubber exports decreased by 30% in volume and 44.9% in value over the same period in 2022.

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