The VN-Index opened the morning session still under downward pressure after the Fed lowered interest rates.

Despite the US Federal Reserve (Fed) having just lowered interest rates for the third time this year – positive news for global financial markets – Vietnamese stocks opened the morning session on December 11th under downward pressure, continuing the sharp decline from the previous session.

Customers conducting transactions at the head office of Bao Viet Securities Company. (Illustrative photo): Tran Viet/TTXVN

At the start of the trading session, the VN-Index fell sharply to near the 1,700-point mark. However, the decline quickly slowed down, and the index recovered to near the reference level. By 9:29 AM, green dominated the VN30 group with 22 gainers, 6 losers, and 2 unchanged. Nevertheless, the increase was still small, preventing the VN-Index from breaking above the reference level.

Around 9:30 AM, as the VN-Index approached the reference point, selling pressure intensified, causing the index to reverse and fall rapidly. The stocks with the most negative impact were VIC, VHM, and VJC; the downward movement of these large-cap stocks meant that even though the VN30 group dominated in terms of the number of rising stocks, it was not enough to support the market.

The banking sector maintained a positive trend with many stocks experiencing slight gains. The securities, oil and gas, and real estate sectors, both mid- and small-cap, also saw price increases, but the common characteristic was a very narrow range of fluctuations, failing to create a sufficiently strong ripple effect.
By 9:37 AM, the VN-Index had fallen by 9.48 points, while the HNX-Index and UPCOM-Index had risen slightly. The early trading session suggests that the 1,700-point level is becoming a significant resistance point for the market.

Globally , the news that the Fed cut the federal funds rate by 0.25 percentage points to a range of 3.5%–3.75% after its two-day meeting had a clear impact on financial markets. This was the third rate cut in four months, reflecting efforts to support the labor market and facilitate easier lending in the US.

Wall Street stocks rose across the board on December 10th: the Dow Jones gained 1.1%, the S&P 500 rose 0.7%, and the Nasdaq Composite gained 0.2%. A weaker US dollar helped improve investor sentiment. In Europe, the FTSE 100 edged up 0.1%, while the CAC 40 and DAX 30 fell 0.4% and 0.1%, respectively.

Early trading showed that the 1,700-point mark is becoming a crucial support zone for the VN-Index, with buying pressure emerging whenever the index retreated to this area. However, selling pressure on large-cap stocks such as VIC, VHM, and VJC still prevents the market from showing clear recovery momentum. In the context of positive external factors thanks to the Fed's continued interest rate cuts, the short-term trend of the VN-Index will depend more on the performance of blue-chip stocks.

Source: https://baotintuc.vn/kinh-te/vnindex-mo-phien-sang-van-chiu-ap-luc-dieu-chinh-after-fed-ha-lai-suat-20251211100505689.htm