HÀ NỘI — The domestic stock market struggled last week as the VN-Index corrected strongly after returning to the threshold of 1,300 points. Last week, the liquidity rose by 7.7 per cent from the previous week to over VNĐ24.5 trillion (US$963.1 million) per session. Foreign investors extended their net selling momentum, reaching a total of more than VNĐ5.7 trillion across the whole market. Despite earlier positive news regarding lower-than-expected inflation data in the US, declining government bond yields and new all-time highs in the US stock market, the market experienced a downturn. The market was also influenced by consecutive net selling activities by foreign investors and investor concerns about the impact of the Euro 2024 finals on the declining sentiment in the stock market.

Source: Viet Nam News June 17, 2024 04:24 UTC