Vietnam's stock market has the biggest drop in history, capitalization lost more than 19 billion USD

Closing the trading session on April 3, the Vietnamese stock market was in red. The VN-Index plummeted with a decrease of nearly 88 points, equivalent to a decrease of 6.68%, to 1,229.84 points. This was the sharpest decrease in the history of the stock market, causing the market capitalization to "evaporate" about 500,000 billion VND.

On the HOSE floor, 517 stocks decreased in price, of which more than half (282) fell to the floor price. On the contrary, only 13 stocks increased in price. The same situation also occurred on the HNX floor with the HNX-Index decreasing by 17.18 points, equivalent to a decrease of 7.22% to 220.95 points and the UPCoM-Index decreasing by 8.06 points, equivalent to a decrease of 8.17% to 90.58 points.

Stocks fall the most in history as stocks fall to the floor

PHOTO: SCREENSHOT

If in the morning session, many blue-chip stocks still decreased but there was a tug-of-war, then by the end of the session, they all fell across the range and hit the floor. Even Vinamilk's VNM stock also fell close to the floor while it had been trading near the reference level throughout the previous session. Of the 30 stocks in the VN30 basket, at the end of the session, 28 stocks fell to the floor with high selling volume while there were no buyers. For example, stocks like SSI had more than 10 million selling units; SHB had more than 22 million selling units; HPG had more than 18.8 million selling units; VPB had nearly 11 million selling units on the floor...

Facing the selling pressure, the buying cash flow also increased sharply. In total, the whole market had more than 44,000 billion VND to buy stocks. This is the highest transaction value since the beginning of the year.

Investor sentiment became pessimistic this morning after the US announced unexpectedly high reciprocal tariffs on Vietnam. Asian stock markets also reacted negatively to the US reciprocal tariffs news this session, but the decline was lower than Vietnam's. For example, Japan's Nikkei 225 stock index fell 2.77%; Shanghai Composite - China's main stock index fell 0.24%; FTSE Bursa Malaysia KLCI fell 0.82%; Thailand's Stock Exchange fell 1.14%... On the contrary, some markets still went up despite high reciprocal tariffs, such as Laos's stock market up 0.74%; Indonesia's Jakarta Composute up 0.59%...

Source: https://thanhnien.vn/chung-khoan-viet-nam-giam-manh-nhat-lich-su-von-hoa-bay-hon-19-ti-usd-185250403154545117.htm