VCSC Daily - Weaker-than-expected China 1Q growth numbers scare retail investors, GAS 1Q

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VNI drops below 500 as profit-taking on blue chips continue. The market saw a sharp correction today on fears that weaker-than-expected GDP growth in the first quarter in China could also spell trouble for Vietnam. Following other Asian markets down, the VNI declined 2.9% to 480 and the HNI declined 2.4% to 58.87. Masan Group (MSN), Vietcombank (VCB), and Vincom (VIC) together shaved nearly 8 out of the point loss on the VNI.