Right from the beginning of the session, selling pressure increased sharply, causing 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 a.m., the decline widened to nearly 80 points. Hundreds of stocks were in the red, especially the real estate, textile, banking and technology groups.
The VN30 group – including large-cap stocks – plummeted. As of 10am, the index had fallen nearly 56 points, with many stocks hitting the floor such as BCM, GVR, MSN. Market liquidity soared due to low-priced supply, with total trading value on the HoSE exceeding VND17,200 billion.
The sell-off was sparked by US President Donald Trump’s surprise decision to impose a 10% tariff on all goods imported into the US, and higher tariffs on its largest trading partners. Vietnam will face a tariff of up to 46%.
This caused panic among investors, especially large export enterprises. Textile stocks such as MSH, STK, HTG, GIL, TCM all hit the floor. The real estate group was no exception when KBC, BCM, GVR fell into a similar situation.
At 10:48, Vingroup stocks such as VIC, VRE, VHM also hit the floor. VN-Index dropped more than 78 points, marking one of the sharpest declines in history. HoSE liquidity reached over VND25,100 billion, the number of stocks hitting the floor increased to 172.
Not only Vietnam, the world stock market was also negatively affected. Last night, the Dow Jones futures fell more than 1,069 points (-2.5%), the S&P 500 lost 3.6% and the Nasdaq fell 4.5%. Shares of large corporations such as Apple, Nike, Tesla all plummeted.
Global investor sentiment has become unstable due to the risk of escalating trade tensions. The US imposing high tariffs on imported goods could severely affect many economic sectors, pushing the market into a period of strong volatility in the coming time.
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/hang-loat-co-phieu-giam-san/20250403111328178
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