Vietnam Insight

World stocks kept in green. The Dow Jones closed nearly 0.3% higher in a choppy session on Tuesday, while the S&P 500 finished muted and Nasdaq 100 dropped by 0.4%. Investors reassessed the outlook for monetary policy ahead of Wednesday's CPI report and earnings season kicking off. Besides, the information is noticed when The IMF revised its global growth forecasts lower to 2.8% from 2.9% for 2023 and to 3% from 3.1% for 2024 and China's annual inflation rate unexpectedly fell to 0.7% in March 2023.

Domestic stocks rebounded when approaching support at 1,060 points, order matching remained high. Domestic construction steel simultaneously reduced prices. Recently, Chinese steel manufacturers have continuously reduced prices of hot rolled coil (HRC) in the Vietnamese market. In addition, the implementation of projects has also slowed down, leading to a decrease in steel consumption in recent times.

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