An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by Read/Quynh Tran
Vietnam’s benchmark VN-Index plunged 1.06% to 1,257.41 points Thursday, lowest since Sep. 16, while key Asian markets also closed in the red.
The index closed 13.49 points lower after gaining 1.01 points in the previous session.
Trading on the Ho Chi Minh Stock Exchange increased by 14% to VND15.98 trillion (US$629 million).
The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers fell.
STB of Ho Chi Minh City-based lender Sacombank and VHM of property giant Vinhomes both plunged 6.7%.
TPB of private TPBank declined by 3.4% and VIC of private conglomerate Vingroup closed 2.7% lower.
Six blue chips gained, led by VNM of dairy giant Vinamilk with a 1.6% increase.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.80%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.07%.
Asian shares tracked Wall Street lower on Thursday as uncertainty over the U.S. election outcome kept investors on edge, while the dollar stood tall near its three-month high, supported by elevated Treasury yields, Reuters reported.
Tokyo’s Nikkei rose 0.1% but MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%, pressured by falls in Chinese shares.
Both Hong Kong’s Hang Seng index and China’s blue chips dropped 1.2%.
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