The Vietnamese stock market opened the morning session today. March continued to sink into red, VN-Index broke through the important support level of 1,810 points, down to test the 1,800 point mark. However, bottom-fishing demand then entered the game, cash flow flowed strongly into the market and gradually regained its position, helping the index recover to near the reference level and closed in light green.
At the end of the trading session, VN-Index increased by 5.13 points (+0.28%), to 1,818.27 points. Market breadth with overwhelming red when sellers had 551 declining stocks and buyers had 226 increasing stocks. In the VN30 basket alone, the green and red color was quite balanced with 13 declining stocks, 13 increasing stocks and 4 reference stocks.
In addition to the VN-Index having a spectacular reversal, bottom-fishing demand also helped market liquidity increase sharply to the highest level in more than 4 months (since the session on October 21, 2025). Market liquidity increased compared to the previous trading session, with the matched order trading volume of VN-Index reaching more than 1.4 billion shares, equivalent to a value of more than 44.8 trillion VND.
Regarding the level of impact, BID, GAS, MCH and VCB are the codes that maintained green color and helped the index hold 11.2 points. In the opposite direction, GVR, TCB, GEE and FPT are the codes that have the most negative impact on VN-Index with a decrease of more than 4.8 points.
Meanwhile, international stock markets are still in crisis as investors prepare for the broader impacts of the Middle East conflict on oil prices, inflation and global trade.
Closing the trading session on March 3: The Dow Jones index decreased by 403.51 points (-0.83%), to 48,501.27 points. The S&P 500 index decreased by 64.99 points (-0.94%), to 6,816.63 points. The Nasdaq Composite index decreased by 232.17 points (-1.02%), to 22,516.69 points.
European stocks also fell sharply when closing the trading session on March 3, the STOXX 600 index across Europe fell 3.08% to 604.44 points.
Meanwhile, stock indices in Asia reacted somewhat more strongly when they simultaneously fell sharply, even some markets had to activate a temporary trading suspension system.
Notably, the Kospi index of South Korea recorded the strongest declining session in history. The Korean Stock Exchange had to temporarily suspend trading on the Kospi market in the March 4 session, and at the same time activated the circuit break mechanism for the Kosdaq index. At the end of the session, the Kospi index closed the session down 12.1% to 5,093.54 points, while Kosdaq decreased by 14% to 978.44 points.
In other Asian markets, Japan's Nikkei 225 index fell 3.61% to 54,245.54 points, while Topix fell 3.67% to 3,633.67 points. Australia's S&P/ASX 200 index fell 1.94% to 8,901.2 points. Hong Kong's Hang Seng (China) fell more than 2.28%, while China's CSI 300 fell 1.14% to 4,602.62 points.
Returning to the domestic stock market situation, experts believe that military tensions in the Middle East causing the market to decline is the direct and most noticeable cause. This development raises concerns about the risk of disruption to global oil supply, and at the same time creates major fluctuations in investor sentiment.
However, the deeper cause is seen by experts as being within the market itself. From the beginning of 2026 to now, VN-Index has experienced a fairly long increase, bringing the stock price level to a high level and creating adjustment pressure in the short term.
Many stocks have far exceeded their fair value, making the market more sensitive to external shocks. Therefore, geopolitical tensions only play a catalyst role, while the market's downward response is a development consistent with the general context.
For investors who are seeing strong declines as "bottom-fishing" opportunities, experts believe that the market has only decreased for two sessions and the selling momentum is still quite large, while macroeconomic information is still highly uncertain. Therefore, bottom-fishing at this time still contains many risks, especially if tensions in the Middle East continue to escalate beyond expectations.
The recommended recommendation is that investors should patiently wait for clearer signals before disbursing. If they want to participate in the market, they can apply a partial disbursement strategy with a small proportion instead of putting all capital into one place at a time.
