Vietnam Insight

In regular trading on Wednesday, the Dow fell 0.98%, the S&P 500 dropped 1.38% and the Nasdaq Composite sank 2.17%. Those losses came as Fitch cut its rating on U.S. debt from AAA to AA+, while a spike in Treasury yields weighed on sentiment further. Investors now look ahead to more earnings reports and economic data on Thursday.

The VNINDEX showed a slight recovery, closing at 1,220 points (+0.24%), with the VIC and VHM groups no longer supporting the market as they did in previous sessions, even contributing the most to the market's decline. Conversely, the stocks of four banks, BID, CTG, EIB, and VCB, contributed to the market's rebound. The number of green and red stocks is relatively balanced in both VNINDEX and VN30.

• World stocks: Negative information spreads.
• Vietnam stocks: The valuation seems reasonable
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