The Vietnamese stock market continued to record positive developments in the morning session of July 8, despite significant fluctuations in the international financial market following US President Donald Trump's new statement on tariff policy.
As soon as the market opened, green dominated all three exchanges. By 9:15 am, the VN-Index had increased by more than 5 points, surpassing the 1,407-point mark, with 173 stocks increasing in price and only 39 stocks decreasing.
HNX-Index also recorded an increase of 2.16 points to more than 238 points; UPCOM-Index increased by 0.54 points to more than 102 points.
On the exchanges, the number of stocks increased overwhelmingly: HNX had 48 stocks increasing, UPCOM had 72 stocks increasing, while the number of stocks decreasing on both exchanges was very low.
Large-cap stocks continued to lead the market. In the VN30 basket, 23 stocks increased in price and only 3 stocks decreased, showing that investor sentiment is quite stable in the face of unstable information from abroad.
The banking group maintains positive momentum, with only TPB decreasing in price at 9:15 am Green also covered key sectors such as securities, oil and gas, and real estate.
By 9:20, the VN-Index's upward momentum was strongly consolidated, with the index jumping nearly 10 points. Both the HNX-Index and UPCOM-Index also expanded their upward range. By 9:29, the index was still in the green, but the VN-Index had only increased by more than 5 points.
The positive developments in the domestic market took place in the context of global stocks having mixed reactions to new policy information from the US.
Global stocks were mixed on July 7, with US indices falling away from record levels as President Donald Trump's aggressive trade policies once again raised concerns about the risk of trade war and inflation.
At the end of trading in New York, the Dow Jones Industrial Average fell 0.9% to 44,406.36 points. Similarly, the S&P 500 composite index lost 0.8% to 6,229.98 points and the Nasdaq Composite technology index fell 0.9% to 20,412.52 points.
Richard Hunter, head of markets at investment advisory firm Interactive Investor, noted that US tariff warnings are likely to take center stage again this week.
On July 7, through the social network account Truth Social, US President Donald Trump announced new tariffs on 14 countries, including Japan, South Korea, Indonesia, Malaysia, Bangladesh, Thailand, Kazakhstan, South Africa, Laos, Myanmar and several others.
According to President Trump, the new tariff rate applied to the above countries will be from 25% to 40% and will take effect from August 1, 2025.
Countries with new tariffs lower than the tariffs President Trump announced on April 2, 2025 are Tunisia at 25% (previous tariff was 28%), Bangladesh 35% (37%), Serbia 35% (37%), Bosnia and Herzegovina 30% (35%), Kazakhstan 25% (27%), Laos 40% (48%), Myanmar 40% (44%), Cambodia 36% (49%).
Meanwhile, countries with new tax rates similar to the one announced by the US President on April 2, 2025 are South Korea (25%), Indonesia (32%), South Africa (30%) and Thailand (36%).
Countries with new tariff rates higher than the old rates are Japan 25% (24%) and Malaysia 25% (24%).
President Trump posted a letter on the social network Truth Social to the leaders of countries and warned that if countries respond by increasing import taxes, the US Government will continue to raise the tax rate even higher.
However, President Trump said he was willing to lower the new tariffs if countries changed their trade policies.
VN (according to VNA)Source: https://baohaiphongplus.vn/chung-khoan-viet-tang-manh-bat-chap-bien-dong-thi-truong-tai-chinh-quoc-te-415885.html
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