On the morning of April 19, Asian stock markets, including Vietnam, were all in the red.
At 10 am on April 19, Japan’s Nikkei index fell 3.3%. Other stock indices such as Kospi (South Korea) decreased by 2.9%, Hang Seng (Hong Kong-China) “evaporated” by 1.58%… Also, Vietnam’s VN-Index plunged from the beginning of the trading session and successively dropped below the 1,190 and 1,180 points thresholds.
Several brokerage companies stated that stocks on exchanges across Asia and Vietnam plunged collectively because of anxiety among investors after the attacks from the US and Israel in retaliation to Iran.
The clearest indication was that as soon as the trading session commenced, Vietnamese stock investors massively sold shares at low prices. Substantially, more than 500 stocks across the three exchanges (HoSE, HNX, and UpCom) fell. The VN-index briefly lost 14 points, falling to 1,179 points.
In the group of 30 major stocks (VN30), up to 25 codes were in the red. The stocks with the most significant decreases were VIC (-3%), VHM (-2.8%), BCM (-3.3%), SAB (-2%), POW (-1.8%) TPB (-1.55), HPG (-1.3%), MWG (-1.6%), SSI (-1.4%), and TCB (-2.2%). These declines have had a ripple effect across multiple other industries.
Consequently, the stock group with the most significant decline was real estate, losing 2.3%, followed by a 1.8% decrease in securities, a 1.4% drop in consumer durables, a 2.4% decline in financial investments…
Approaching 11 am, the VN-Index fell sharply by over 20 points when the selling pressure by the brokerage company increased.
