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VCSC Daily - Stocks sink amid currency jitters - DHG, NT2

The recent sell-off in Vietnamese equities accelerated on Tuesday as the VN-Index plunged 4.3%, its biggest one-day loss since early February. The index has plummeted 25% since hitting a record high on April 9 and is at its lowest level since November. Trading value on HOSE was moderate at USD197mn, with net selling by foreigners of USD16mn. Selling was exacerbated by investor concern that a weakening Chinese currency will put pressure on the Vietnamese dong. The VND/USD rate rose 58