Vietnam stock market 'flew' another 70 points in a flash

The sell-off in the stock market has not stopped after the record drop on April 3 - Illustration photo created by AI

The selling pressure on the Vietnamese stock market after the news of tariffs from the US has not stopped. Just a few minutes after the opening session, the VN-Index "fell" freely with even greater force than the same time yesterday morning.

Very quickly, the index representing the Vietnamese stock market lost 72 points, as the clock approached 9:30 a.m. on April 4. This means that the market's nearly 2-year price increase was erased, and the VN-Index fell back to 1,163 points.

In the VN30 group, except for SSB, which maintained its green color, all the remaining stocks turned red or light blue (sold at the floor price). In the entire market, there are more than 500 stocks subject to adjustment.

Updated at around 9:45, the market showed signs of recovery, the decline was narrowed, losing only 54 points. The main index of the market also climbed back to the 1,178 point mark. The transaction value on the Ho Chi Minh City Stock Exchange reached nearly 15,000 billion VND, showing that the absorption force is still quite positive.

Before the market started trading, most securities companies predicted that the VN-Index would continue to decline today, with an expected range of 40 points.

The reason for this less negative scenario is that analysts believe that investors are dumping stocks due to concerns about the long-term impact of new tariffs. Not to mention, when stocks are all deeply adjusted, selling pressure appears, causing the index to fall even more sharply.

Last night, US stocks were also submerged in red, with a series of technology stocks falling by a large margin. In which, Apple shares led the way with a decrease of 9.2%.

In addition, a series of US retail stocks were also under selling pressure. For example, NIKE's market price "evaporated" 14%, Lululemon lost 9.5%. Banking and auto stocks were no exception.

Many US businesses depend on supplies from Asia, including China and Vietnam.

US President Donald Trump's move to impose reciprocal tariffs on more than 180 economies may not only put pressure on markets in affected countries, but also cause a serious sell-off in the US stock market.

As a result, the Dow Jones index "flew" nearly 1,700 points, and the S&P 500 index fell into a correction phase. Global investors raised concerns about the tense trade war and the possibility of an economic recession.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-viet-nam-bay-tiep-70-diem-chong-vanh-20250404095121744.htm