24h Economy: USD skyrockets; Securities close October in red

Phương Anh |

USD skyrocketed; Securities closed October in red... are notable economic news in the past 24 hours.

USD skyrockets

The USD maintained its upward momentum in the Asian trading session on Friday, after reaching a three-month high. Investors continue to react to mixed signals from central bank decisions this week, the profit results of technology stocks, and the temporary tariff ceasefire agreement between the US and China.

Dong USD tang len muc cao nhat trong ba thang khi gioi dau tu than trong danh gia trien vong kinh te toan cau va cho tin hieu chinh sach tu FED. Anh: Hai Nguyen
The USD rose to a three-month high as investors cautiously assessed the global economic outlook and waited for a policy signal from the Fed. Photo: Hai Nguyen

The USD Index, which measures the strength of the greenback against a basket of six major currencies, is stable at 99.478, after the decline of the Wall Street stock market on Thursday caused concern in global markets. See more...

Ho Chi Minh City becomes a strategic investment destination

Ho Chi Minh City aims to become an international super city, promoting administrative reform and attracting investment thanks to a transparent and dynamic business environment. Video: Ngoc Le

Securities close in October in red

In the trading session on October 31, the worried mentality continued to engulf large-cap stocks, thereby causing all major indices to decrease. Especially in the afternoon session, selling pressure continued to overwhelm, causing the index to decrease sharply even though the buyers reappeared at the end of the session but still could not change the situation and the VN-Index still closed in red.

Chung khoan giam manh trong phien giao dich cuoi cung cua thang 10. Anh: Le Toan
The stock market fell sharply in the last trading session of October. Photo: Le Toan

At the end of the trading session on October 31, the VN-Index decreased by 29.92 points, down to 1,639.65 points. The entire market with red is somewhat overwhelming with the seller having 414 codes down and the buyer having 330 codes up. Similarly, red also dominated the VN30 basket with 21 decreased codes, 8 increased codes and 1 reference code.

Market liquidity increased compared to the previous trading session, with the trading volume matched by the VN-Index reaching more than 777 million shares, equivalent to a value of more than VND 24,700 billion. See more...

The case of breaking into a lottery company to reveal a loophole in the supervision stage

The Ministry of Finance has just sent an official dispatch to the People's Committees of provinces and centrally run cities requesting strengthening the management of lottery companies and lottery supervision councils, to ensure transparency and prevent violations of the law during the lottery opening process.

Vu trao bong quay thuong tai cong ty xo so he lo lo hong trong khau giam sat. Anh: TL
The case of the prize draw at the lottery company revealed a loophole in the supervision stage. Photo: TL

Previously, Department 2 - Supreme People's Procuracy sent a document to the Ministry of Finance requesting the application of measures to prevent crimes and violations of the law related to lottery activities. According to the inspection agency, two recent incidents show that there were subjects breaking into lottery companies, affecting lucky money balls, and distorting lottery results to serve lottery and gambling activities.

"The reason for the above situation is that the supervision and periodic inspection of lottery machines and lottery machines by the lottery supervision board and lottery companies is not strict and in accordance with regulations. Management and protection work has not been guaranteed, leading to subjects taking advantage of loopholes to commit violations, breaking into lucky draw rooms to change the weight of the balls.

Coordination with functional agencies when detecting signs of law violations is still not strict; the work of handling and preventing violations is not timely, the document of the Supreme People's Procuracy clearly stated. See more...

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USD surges to a three-month peak

Song Anh |

The USD rose to a three-month high as investors cautiously assessed the global economic outlook and waited for a policy signal from the Fed.

Silver price fluctuations on October 31: Domestic silver increases to 1.5 million VND/kg

Phương Anh |

Silver price fluctuations on October 31: Continue to increase in both domestic and international markets.

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Phương Anh |

Silver price fluctuations 10/30: The silver market recovers as investors seek safe assets amid geopolitical tensions and financial instability in the US.