The VN-Index fell sharply for a second day, closing down 2.6% on Tuesday to extend a 5.3% drop over the first two days of the week. The market was headed for an even steeper loss down 4.6% with about hour of trading left, but a late rally eased the pain. From a technical perspective, the index broke back below the 200-day moving average, a bearish signal. VNM (-3.7%) was the top contributor to the pullback and has dropped 7.8% so far this week. Other notable large-cap decliners included VRE