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VCSC Daily - Stocks plunge as WHO declares coronavirus a pandemic, Dow enters bear market - QNS

Market Commentary

12 Mar 2020

The VN-Index plunged 5.2% to a 32-month low on Thursday after the World Health Organization (WHO) declared coronavirus a global pandemic and the Dow Jones Industrial Average sunk into bear market territory overnight. Many banks suffered big drops. VCB (-6.9%) was the leading contributor to the decline, sinking to an eight-month low, while BID (-7.0%) is down more than 21% since March 9. CTG (-6.0%), TCB (-7.0%) and VPB (-6.9%) also tumbled, among others. The Vingroup family of stocks
Tags: QNS

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