- Vietnamese stock market is down 23% since the all time high in April. The benchmark measure, which was the year’s best performer in Asia Pacific just weeks ago, is now the world’s biggest loser for the quarter.
- On Monday, almost three-quarters of VN stocks fell, with banking and energy companies contributing the most to the losses.
Performance of the main Vietnam-focused funds (it's bank holiday, so UK funds are not up-to-date, daily is still from last Friday)
Could be a good buying opportunity once the dip is in sight. The economy has a fast growing middle class consumption, both China and the west are important trading partners when considering the loom of a trade war, and the government is reducing it's stake in many state-owned companies. It seems there is no fundamental reason for the drop, more like a heavy correction to overbuying.
Submitted May 28, 2018 at 06:55AM by tt598 https://ift.tt/2ITyxv3
