A series of stocks hit the lower limit.

DNVN - The Vietnamese stock market opened in the red on April 3rd as the VN-Index plummeted sharply following news that the US was imposing retaliatory tariffs on a number of trading partners, including Vietnam. In less than an hour of trading, the VN-Index lost more than 60 points, falling to nearly 1,255 points, with numerous stocks hitting their lower limit.

Right from the start of the trading session, strong selling pressure caused the VN-Index to lose more than 43 points in just the first 15 minutes, falling below the 1,300-point mark. By 9:45 AM, the decline had widened to nearly 80 points. Hundreds of stocks were in the red, especially in the real estate, textile, banking, and technology sectors.

The VN30 group – comprising large-cap stocks – plummeted across the board. By 10:00 AM, the index had fallen nearly 56 points, with many stocks hitting their lower limit, such as BCM, GVR, and MSN. Market liquidity surged due to low-priced selling pressure, with the total trading value on the HoSE exceeding 17,200 billion VND.

The sell-off stemmed from the unexpected decision by US President Donald Trump to impose a 10% tariff on all goods imported into the US, and even higher rates on its largest trading partners. Vietnam faced tariffs as high as 46%.

The stock market reacted negatively after the US announced retaliatory tariffs on major trading partners.

This caused panic among investors, especially large export businesses. Textile stocks such as MSH, STK, HTG, GIL, and TCM all fell to their floor price. The real estate sector was no exception, with KBC, BCM, and GVR experiencing similar declines.

By 10:48 AM, Vingroup stocks such as VIC, VRE, and VHM also simultaneously hit their lower limit. The VN-Index fell by more than 78 points, marking one of the sharpest declines in history. Trading volume on the HoSE reached over 25,100 billion VND, and the number of stocks hitting their lower limit increased to 172.

Not only Vietnam, but the global stock market also suffered negative impacts. Last night, the Dow Jones futures index fell more than 1,069 points (-2.5%), the S&P 500 lost 3.6%, and the Nasdaq dropped 4.5%. Shares of major corporations such as Apple, Nike, and Tesla all plummeted.

Global investor sentiment has become unstable amid the risk of escalating trade tensions. The imposition of high tariffs by the US on imported goods could severely impact many economic sectors, plunging markets into a period of significant volatility in the near future.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/hang-loat-co-phieu-giam-san/20250403111328178