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Stocks slip as trade war concerns mount

The VN-Index of the Hochiminh Stock Exchange (HOSE) lost nine points in the first trading session of the week on February 10. This was a sharp turn in momentum as liquidity surged to its highest level in over two months. With uncertainty rising, concerns over a global trade war remain the biggest worry for investors. Market sees increased cash flow Vietnam’s stock market showed positive signs in the first week after the Lunar New Year (beginning February 3). Despite a sharp dip on the first trading day, pushing the VN-Index toward the 1,250-point level, the market staged a strong recovery, closing the week up by nearly 1% to 1,275 points. Similarly, the HNX-Index of the Hanoi Stock Exchange (HNX) climbed nearly 3% to 230 points. Following a low-liquidity period prior to the Tet holiday, trading activity rebounded, surpassing the 20-session average and indicating a renewed cash flow as investors anticipate a new uptrend. On the HOSE, trading volume and value soared by nearly 20% to 600 million shares and VND14 trillion per session. The HNX saw a 5% increase in trading volume, reaching 52.6 million shares, while trading value rose 7% to VND840 billion per session. Despite the optimistic start, […]
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