Gold prices drop, foreign investors rush to make a profit
Increased concerns about recession are partly supporting gold prices, as the US economy started 2025 in a not-so-good way with a decline of 0.3% in the first quarter.
According to the US Bureau of Economic Analysis, GDP in the first quarter of 2025 decreased by 0.3% over the same period, contrary to experts' expectations of an increase of 0.3%.
This is the first time the US economy has recorded negative growth since 2022, while the fourth quarter of 2024 still achieved 2.4%.
The report said that the main reasons for GDP decline are increased imports ( deducted from GDP) and decreased government spending, although there is still a slight increase in investment, personal consumption and exports.
Notably, after receiving negative economic data from the US, the gold market was under strong profit-taking pressure. See more...
With great potential, Ho Chi Minh City's private economy is still waiting for a boost
Yen depreciates, investors worry
According to Lao Dong, on May 1, the Japanese Yen continued to depreciate against many other currencies after the Bank of Japan (BoJ) kept interest rates unchanged at 0.5% and gave a cautious look at economic prospects. The decision comes as the BoJ lowered its growth forecast and raised concerns about the impact of higher tariffs from the US.
In addition to keeping policy, the BoJ also adjusted its core inflation forecast for fiscal year 2026 down from 2% to 1.7%. However, the agency still believes that inflation will reach the 2% target in the final stage of the forecast cycle (longing to 2027). The BoJ has said it will continue raising interest rates if the economy and prices move in line with expectations. See more...
Foreign investors net sell more than 1.6 billion USD in early 2025
Not out of the general trend of the global picture, the Vietnamese stock market has been and is being greatly affected by countervailing tariff policies and foreign capital has not shown any signs of returning.
In the context of strong fluctuations in the general market, foreign investors also traded less positively and maintained a strong net selling state almost throughout the first 4 months of the year, except for only more than 10 net buying sessions.
Since the beginning of 2025, the total net selling value of this group has been approximately VND 42,000 billion, equivalent to more than 1.6 billion USD. Selling pressure from foreign investors is increasing in the context of the stock market maintaining stability, improved liquidity and many industry groups having positive business results. See more...
