Vietnam's stocks have been under strong selling pressure on a large scale since the beginning of the session on January 3. Red and blue covering the entire electricity billboard, there are hundreds of stocks on the floor, overwhelming the increase.
At the end of the morning session, the VN-Index fell freely and lost more than 82.28 points to 1,235.55 points. The VN30 index also lost more than 85 points, HNX lost more than 16 points to 221.37 points.
Low supply forces have caused liquidity in the whole market to skyrocket, both the value and trading volume have been equal in the whole session in recent days. Market liquidity skyrocketed with more than 1.4 billion shares traded reaching a value of more than 31.2 trillion VND.
The decline of the VN-Index has triggered a widespread call margin wave. The margin/capitlization ratio of HOSE and HNX exchanges has reached a historical peak, a strong correction has led to the phenomenon of "cal margin", thereby putting pressure back on the market, easily causing the market to fall deeper.
The large-cap group is still leading in terms of impact. VCB, BID, CTG, TCB, VHM, VIC, FPT... all reduced their indexes with a decrease of over 2 points. Of which, VCB reduced it by more than 7 points. The top 10 index-to-education stocks are all large-cap stocks with a total impact of over 35 points.
With this shock, the growth results of the Vietnamese stock market since the beginning of the year have been erased after just one trading session.
On the world level, recently, US Securities futures have been in a similar slump after President Donald Trump announced counterpart tariffs for about 60 economies on April 2. As of 5:50 a.m. on January 3 (Vietnam time), the Dow Jones futures industrial index decreased by 1,007 points, equivalent to 2.3%. S&P 500 futures fell 3.4%. Nasdaq futures fell 4.2%.
Accordingly, President Donald Trump has announced that he will impose a basic tax of 10% nationwide and retaliatory tariffs on some of the country's closest allies, countries that he said are "taking advantage" of the US. Among them, some notable tariffs are 34% for China, 20% for the European Union, 24% for Japan and 32% for Taiwan (China).
In the view of Dr. Nguyen Duy Phuong, DG Capital Investment Director, the tariff information from President Donald Trump has created a negative effect on the market. However, it is necessary to understand that the 46% is mentioned as the US tax rate for Vietnam, but it will not be the last, but can be adjusted through negotiations. The market will stabilize in the near future, although some industries can be strongly affected. This is a common impact on the world, not just any market.
"Investors have a high portfolio proportion, especially those who are using large margin, need to consider reducing the margin ratio. The reason for the impact of taxes is long -term, but the market psychology is short, and the use of large margin can lead to the situation of" call margin "if the market drops deep. However, investors have the ratio of cash and stocks that do not need to be more or more anxiety. Determine when the Government has other tax talks, thereby arousing trust from investors, ”said Dr. Phuong.
