Morning Brief 17/09
GLOBAL MARKET
28,032.38
1D 0.13%
YTD -1.77%
3,385.49
1D -0.46%
YTD 4.79%
11,050.47
1D -1.25%
YTD 23.16%
26.04
6,078.48
1D -0.44%
YTD -19.41%
13,255.37
1D 0.29%
YTD 0.05%
5,074.42
1D 0.13%
YTD -15.12%
23,475.53
1D 0.09%
YTD -0.77%
3,283.92
1D -0.36%
YTD 6.49%
2,435.92
1D -0.31%
YTD 10.84%
24,725.63
1D -0.03%
YTD -13.10%
2,505.15
1D 0.78%
YTD -22.27%
1,293.48
1D 0.57%
YTD -19.05%
40.23
1D 4.39%
YTD -33.78%
1,969.10
1D 0.38%
YTD 29.74%
Stocks erased gains amid a selloff in giant technology companies and Federal Reserve Chairman Jerome Powell’s remarks over an uncertain economic rebound without further stimulus. The S&P 500 initially jumped as the Fed signaled it would hold rates near zero through at least 2023. The rally quickly fizzled out after Powell said he’s not sure if the faster-than-expected recovery will continue. A tumble in tech behemoths such as Apple and Facebook also dragged down the gauge. The Treasury yield curve steepened as the U.S. central bank stopped short of offering new specifics on its approach to the monthly bond purchases that have buttressed markets. Some traders might have been expecting signals regarding plans to target longer maturities.
VIETNAM ECONOMY
0.14%
YTD (bps) -129
6.00%
YTD (bps) -50
1.65%
1D (bps) -1
YTD (bps) -234
2.73%
1D (bps) -3
YTD (bps) -197
23,268
1D (%) -0.01%
YTD (%) 0.16%
28,221
1D (%) -0.12%
YTD (%) 6.09%
3,464
1D (%) 0.23%
YTD (%) 2.00%
Vietnam becomes China's largest trading partner in ASEAN. Two-way trade turnover between Vietnam and China in the first eight months of the year reached 111.2 billion USD, up 13.4% over the same period last year. According to statistics from the General Department of Customs of China, trade turnover between China and ASEAN during this period reached 416.6 billion USD, 16 billion USD more than China's second largest trading partner is EU.
VIETNAM STOCK MARKET
897.47
1D 0.14%
YTD -6.61%
834.50
1D 0.14%
YTD -5.07%
127.87
1D -0.05%
YTD 24.74%
59.76
1D 0.34%
YTD 5.68%
-166.37
6,094.66
1D -20.92%
YTD 74.13%
Foreign investors net sold more than 166 billion dong. Net selling focused on VHM, VNM and NBB shares on HOSE. SHB was the most net sold stock on HNX. VN-Index ended up 0.14%, reaching 897.47 points; The HNX-Index decreased by 0.05%, reaching 127.87 points.
CHANGE IN PRICE BY SECTOR
INTRADAY VNINDEX
VNINDEX (12M)
SELECTED NEWS
- Interbank interest rates will not have much volatility in September due to the abundant liquidity in the system.
- Real estate is still an attractive investment channel, with the proportion of over 38%. Next is saving (27%), then stocks (12%).
- Fitch Ratings rated the credit of EVN - Vietnam Electricity at 'BB' with a positive outlook.
- FED officials held interest rates near zero and signaled they would stay there for at least three years until back to maximum employment and 2% inflation.
- New Zealand suffered its worst economic slump since the Great Depression in the second quarter as a strict nationwide lockdown.
- Australia’s food exporters are facing a challenging year, with the value of shipments set to drop by 10%.
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