Stocks plummet, margin call alarm

The "red-hot" Asian stocks were the reason why domestic investors were worried and rushed to sell to cut losses on August 5. Without receiving support from any large stocks, the VN Index fell freely by more than 48 points (equivalent to 3.92%) to 1,188 points.

According to statistics, at the end of the session, the entire HoSE floor had 448 stocks decreasing, of which nearly 100 stocks hit the floor, 24 stocks increased and 25 stocks remained unchanged. Notably, all stocks in the VN30 basket lost points and contributed to 44 minus points for the index.

Foreign investors also competed to sell in today's session. Statistics show that foreign investors net sold 455 billion VND on HoSE, in which the code that foreign investors sold the most was HPG (231 billion VND).

Money continued to flow out of the real estate sector, causing most stocks in this sector to fall sharply. Next, the financial sector also saw significant declines, with leading bank and securities stocks dropping considerably. Today's sharp decline has put the market on alert, as numerous stocks are beginning to reach margin call thresholds.

One of the perceived causes of market instability is the influence of global stock markets. The sell-off that has rocked stock markets worldwide is overshadowing the prospects for investors looking to buy at the bottom, as concerns about the US economy and disappointing earnings reports from technology stocks threaten to potentially lead to further declines in the near future.

Meanwhile, Asian stock markets continued to face strong profit-taking pressure, especially after the Bank of Japan (BOJ) returned to normalizing monetary policy by raising interest rates and reducing the scale of government bond purchases.

Dr. Nguyen Duy Phuong - Investment Director of DG Capital - expressed a view leaning towards the scenario that the downward trend will continue, especially in the context of the rather risky global political and economic situation, and the stock markets in countries such as the US, Japan, and Europe have also witnessed deep declines. The psychological threshold of 1,200 has been breached, and it may fall to the old bottom of 1,165 - 1,175 before a recovery can occur if the proportion of oversold stocks increases and market sentiment reaches its limit.

Source: https://laodong.vn/kinh-doanh/chung-khoan-lao-doc-bao-dong-call-margin-1376270.ldo