Stock market falls sharply, USD exchange rate increases after news of US imposing new tax

The USD exchange rate increased sharply on April 3rd right after the news that the US would impose new import taxes. Illustration photo: internet

Accordingly, at the end of the morning session on April 3, the VN-Index decreased by 82.28 points (6.24%) to 1,235.55 points. This is one of the sharpest morning declines in the history of the Vietnamese stock market.

This sharp decline is equivalent to the decline during past global economic recessions or the Covid-19 pandemic. The sharp decline in Vietnamese stock groups is also in line with the global market trend.

Meanwhile, the USD price increased during the day following new developments in the market right after the US tariff was announced. According to the listing of Vietcombank , the buying price increased by 180 VND/USD compared to yesterday, from 25,430 VND/USD to 25,610 VND/USD; the selling price of USD was at 26,000 VND/USD, an increase of 180 VND/USD compared to yesterday. Similarly, at Eximbank, the buying price of USD in cash increased to 25,610 VND/USD, the selling price of USD increased to 26,010 VND/USD...

Lam Phuong

Source: https://baodongnai.com.vn/kinh-te/202504/thi-truong-chung-khoan-giam-manh-ty-gia-usd-tang-cao-sau-thong-tin-hoa-ky-ap-muc-thue-moi-18f4db7/