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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Tuesday, July 8, 2025

Stocks tumble on Russia-Ukraine military conflict

The Saigon Times

Must read

HCMC – The local stock market tumbled on Wednesday as investors offloaded shares upon the start of the military conflict between Russia and Ukraine.

The VN-Index of the Hochiminh Stock Exchange dropped 1.15%, or 17.45 points, to close at 1,494.85 points today, February 24.

Losing stocks outnumbered winning ones by 396 to 75. Some 1,160 million shares worth more than VND35 trillion changed hands on the southern market, soaring 67% in volume and 56% in value against the previous session.

In the VN30 basket, which comprises the 30 largest caps, 24 tickers dived and only five gained ground. Bank stocks TPB, HDB and CTG suffered the steepest decline as they ended 2.9-3.2% lower.

On the Hanoi Stock Exchange, the HNX-Index lost 1.73%, or 7.66 points, to close at 434,88 points, with 185 losing stocks and only 64 winning ones. More than 158.8 million shares worth some VND4.74 trillion were transacted on the northern market.

Some experts suggested that investors should not sell in panic because stock markets typically crash in the run-up to an invasion but history shows that the impact is short-lived and the markets can quickly rebound.

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