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VCSC Daily - Stocks hammered amid global rout - TCM, VIC

Market Commentary

11 Oct 2018

The VN-Index suffered its biggest one-day drop since February on Thursday, closing down 4.8% to a two and a half month low. Trading value on HOSE jumped to USD340mn, well above the average of the past year of USD257mn. A global sell-off that began overnight in US markets spread today to Asia with the Nikkei 225 falling 3.5%, the Hang Seng down 3.6% and the Shanghai Composite off 5.2%. Steep losses in Vietnam were seen in large-caps across sectors, with names such as GAS (-6.9%), MSN (-6.9%)

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