Massive selloff hits VN stocksVietnamese shares plummeted as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year. The February 5 loss was also the biggest decline for the benchmark index in terms of percentage since May 8, 2014, when the VN Index plunged 5.87 percent. In terms of index score, the VN Index recorded the historical reduction. Market trading was totally negative as declining stocks on the three local exchanges outnumbered gainers by 571 to 152, while 85 others were unchanged. “Vietnam’s stock market, which has a closer relationship with the global stock market than in the past, I was also affected.

Source: VietNamNet News February 06, 2018 01:41 UTC