Daily Commentary 02/11/2026: VN-Index may extend its correction under selling pressure from Banks

Selling pressure in Banks was the main drag on VN-Index. We maintain a cautious short-term view on the index. Domestic energy prices were cut from 1 November, which may ease inflationary pressure in Q4/2026. US equities corrected as Alphabet and Intel fell sharply, and the pressure to reprice technology valuations may spill over into Vietnam.