Vietnam Insight

World stocks continued to have a positive trading week. The event that affected the market the most during the week was that the news about CPI and PPI in the US both decreased, showing that inflation pressure has cooled down. Closing the week, the S&P 500 index gained 0.79% with materials and industrials being the two strongest growth industry groups. European stocks rose as recession fears eased, with the Stoxx Euro index surging 1.74%. In Asia, Japan's Nikkei 225 index rose 3.54% on sentiment boosted by news that Warren Buffet's Berkshire Hathaway will increase investment in Japan.

Domestic stocks lost momentum with selling pressure dominating. The number of Covid cases increased again. According to the Ministry of Health, the XBB.1.5 variant has been recorded in Vietnam. This is the first time XBB.1.5 has been recorded in Vietnam. The World Health Organization (WHO) classifies XBB.1.5 as a variable of concern (VOI), requiring close monitoring. The April 16 newsletter of the Ministry of Health said that there were 716 new COVID-19 cases, oxygen patients skyrocketed to 38 cases - the previous day there were only 10 cases.

• Domestic and international news
• Update the General Meeting of Shareholders of Binh Son Refining and Petrochemical Joint Stock Company #BSR
• Technical view and recommendations