Closing the morning session on June 8, VN-Index recorded a deep decrease of nearly 40 points, officially losing the important psychological support level of 1,800 points under widespread selling pressure.
Strong selling pressure lasted into the afternoon, especially in the session of matching orders to determine the closing price (ATC). VN-Index at one point decreased by 55 points, then gradually narrowed when cash flow disbursed in the low price zone appeared.
Closing the trading session on June 8, VN-Index decreased by 48.37 points compared to the reference level to 1,790 points. Although the index decreased sharply, the market did not record a sell-off situation.
Liquidity reached nearly 19,000 billion VND, a sharp increase compared to the end of last week. Large-cap baskets accounted for more than half of the matched order value. The HOSE exchange did not have any codes reaching trillion VND liquidity. Foreign investors also strongly sold in today's session with a value of more than 940 billion VND.
The Vin family stock group is the group that has the strongest impact on the index when the four component codes of this group caused VN-Index to lose more than 25 points, of which VIC decreased by nearly 6%. Besides, the banking and securities stock groups also decreased sharply.
According to the general assessment of experts, the sharp drop of VN-Index below the 1,800 point mark in today's session is strongly influenced by the less positive context of the international market. The focus is the unfavorable change in interest rate expectations in the US.
Data from CME Market Watch shows that the market is valuing up to 80% of the possibility that the US Federal Reserve (Fed) will continue to raise the base interest rate in 2026. The fact that the Fed may maintain or continue to tighten monetary policy makes the investment environment harsher, putting global risky assets under great pressure.
On the international market, negative sentiment spread when the US and South Korean markets (Kospi) simultaneously fell sharply in this morning's session. The direct cause comes from the revaluation of technology stocks, especially semiconductor and AI, combined with the solid US jobs report, causing investors to prepare for the scenario that the Fed will maintain a tighter monetary policy stance.
These external shocks have affected the domestic market, where VN-Index was already in a correction state before. In fact, in the first week of June alone, the index lost nearly 25 points to retreat to the 1,838.9 point mark, recording the third consecutive week of decline since hitting a historical peak. It is the low liquidity foundation and negative market sentiment that exaggerated the decline.
Besides, this shift in risk appetite directly weakens foreign capital flows, as evidenced by the fact that foreign investors massively net sold tens of trillions of VND in the previous month alone. When international cash flow is not ready to return to emerging markets and the global macroeconomic context is still facing the problem of high capital costs, the Vietnamese stock market loses important support and it is very difficult to go against the flow to create an independent bottom, thereby leading to a deep correction and breaking psychological support levels.
Experts assess that in the short term, if the stock market maintains the 1,800 point zone, while liquidity improves and spread is better, then there will be a basis for more positive expectations.
Current market conditions are not suitable for buying and selling decisions based on FOMO psychology (fear of missing opportunities) or using high leverage.However, for investors with long-term vision and stable investment budgets, the interest rate approaching peak period may open up opportunities to accumulate stocks that are deeply discounted compared to their intrinsic value.
