Vietnamese shares suffered their biggest daily percentage drop in four months as new COVID-19 cases highlighted continued risks posed by the pandemic and dimmed the prospect of a swift economic recovery.
Vietnamese shares suffered their biggest daily percentage drop in almost four months as new COVID-19 cases stoked concerns that new restrictions could derail the economic recovery.
Vietnamese shares are on the edge of declining this week as worries about the second wave of coronavirus spread increased after new cases were reported over the weekend.
Vietnamese shares had the worst decline in a month after a new suspected community infection case was reported and global stocks reacted badly to rising tension between China and the US.
Following the gloomy picture brought on by the coronavirus pandemic in the first quarter of 2020, local securities firms made strong gains in the second quarter.
VinaCapital, one of Viet Nam’s leading investment management companies with over US$3 billion in assets under management, launched its VN100 Exchange Traded Fund on the Ho Chi Minh Stock Exchange.
Some large-cap stocks picked up to boost the domestic market on Thursday while concerns persisted over the increasing tension between China and the US.
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