Market Turmoil Following Tariff Announcement

The Ho Chi Minh Stock Exchange witnessed a significant downturn, with the index dropping 38.49 points, marking its fourth consecutive session of losses. This follows a 77.88-point drop in the previous session, signaling growing investor concern.

Trading Volume Spikes

Trading volume on the main bourse surged by 28% to VND32.402 trillion (US$1.25 billion), indicating heightened market activity amidst the downturn.

VN-30 Basket Takes a Hit

The VN-30 basket, which includes the 30 largest capped stocks, saw 23 tickers fall, with 7 hitting the floor price. Notable declines included CTG of VietinBank, down 6.11%, and HDB of HDBank, with a 5.94% drop.

Blue Chips Show Resilience

Despite the widespread downturn, seven blue chips managed gains. SAB of brewer Sabeco led with a 3.5% jump, followed by VIC of Vingroup and VHM of Vinhomes, which closed 3.4% and 3.2% higher, respectively.

Foreign Investors Remain Active

Foreign investors were net buyers, investing VND254 billion, primarily in FPT of FPT Corporation and MWG of Mobile World, showcasing continued interest in Vietnam's tech and retail sectors.

Broader Market Impact

The HNX-Index for mid and small caps on the Hanoi Stock Exchange fell 4.21%, while the UPCoM-Index for unlisted companies slightly decreased by 0.09%, reflecting the tariff announcement's widespread impact.