Despite a high probability of market corrections due to profit-taking pressure and geopolitical tensions in several parts of the world, these conditions can also present opportunities for investors. Strategic buying in positively evaluated sectors could set up portfolios for growth in the next cycle. Pressure before the resistance zone Vietnam’s stock market is currently experiencing volatile movements, with the VN-Index stuck at the 1,300-point resistance level for over a month. This stagnation reflects investor caution amid a mix of favorable and unfavorable news. Even though positive macroeconomic data and the Q3 earnings season have offered some support, concerns about recent developments continue to linger. Geopolitical tensions, particularly in the Middle East, have adversely affected global financial markets. These uncertainties have driven capital flows towards safer investment avenues, such as gold and the U.S. dollar, instead of riskier assets like stocks. The U.S. Dollar Index has surged to a three-month high of 104 points, while global gold prices are nearly at a record high of over US$2,700 per ounce. At home, the VN-Index’s repeated inability to break through the 1,300-point resistance has prompted many investors to take profits, putting the pressure on the market. For example, after consistent net buying in […]
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