Vietnam Insight

US stocks fell on Wednesday (June 21). The technology and media services industries underperformed during Jerome Powell's congressional hearing. The Fed chair was adamant with recent statements that interest rates are likely to rise more this year after pausing at the previous meeting.

The market gained 6.74 points (0.61%) to close at 1,118.46 points, the highest level in the session. The market repeated the scenario of the previous day with strong demand after 14:00 pulling the price of blue chip group back up. This group was quite weak in the morning making the index red although many small-cap codes gained.

• World stocks: US stocks fell for 3 consecutive sessions
• Vietnam stocks: VN30 basket has 25/30 stocks that jumped up compared to the closing price of the morning session
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