Morning brief 08/06/2022
GLOBAL MARKET
33,180.14
1D 0.80%
YTD -8.84%
4,160.68
1D 0.95%
YTD -12.93%
12,175.23
1D 0.94%
YTD -22.66%
25.07
1D 0.00%
7,598.93
1D -0.12%
YTD 2.65%
14,556.62
1D -0.66%
YTD -8.36%
6,500.35
1D -0.74%
YTD -9.38%
119.66
1D 0.27%
YTD 56.42%
1,852.15
1D 0.54%
YTD 1.72%
U.S. stocks rose for a second straight session on Tuesday (June 7) even after target issued a profit warning for the current quarter, which weighed on the retail sector. Closing Tuesday's session, the Dow Jones Industrial Average rose 264.36 points, or 0.8%, to 33,180.14 points. The S&P 500 added 0.95% to 4,160.68, and the Nasdaq Composite added 0.94% to 12,175.23. These indexes opened slightly lower but erased that decline and reversed to rise within the session.
VIETNAM ECONOMY
0.39%
1D (bps) -1
YTD (bps) -42
5.60%
2.59%
1D (bps) 7
YTD (bps) 158
3.14%
1D (bps) 6
YTD (bps) 114
23,330
1D (%) 0.02%
YTD (%) 1.70%
25,515
1D (%) 0.08%
YTD (%) -3.60%
3,547
1D (%) -0.20%
YTD (%) -3.03%
On June 6, US President Joe Biden announced a 24-month tax exemption for solar panels imported from 4 Southeast Asian countries, including Vietnam, in order to promote clean energy production in the country. With this decision, the US can ensure a sufficient supply of parts to meet electricity generation needs while domestic solar power production increases.
VIETNAM STOCK MARKET
1,291.35
1D 0.10%
YTD -13.81%
1,324.37
1D -0.20%
YTD -13.76%
304.15
1D -0.87%
YTD -35.83%
93.69
1D -0.22%
YTD -16.85%
184.50
22,870.10
1D 10.66%
YTD -26.40%
Foreign investors continued to net buy 184 billion dong in session 7/6. Domestic ETF certificates FUEVFVND were bought the most with 316 billion dong, far behind PNJ with 58 billion dong. Meanwhile, DCM was net sold again at 66 billion dong. GAS and DXG were net sold 54 billion dong and 50 billion dong respectively.
INTRADAY
VN30 (12M)
SELECTED NEWS
- The Prime Minister requested to submit the investment plan on the Gia Nghia - Chon Thanh expressway before June 10
- US exempts tax on imported solar cells from Vietnam
- The "culprit" of inflation pressure in the last 7 months of the year made the Minister of Finance worried
- WB: Recession will be difficult to avoid when risks of economic stagnation increase
- Russian President instructs on new budget regulations
- Energy shocks are ravaging poorer nations
EVENT CALENDAR
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