Shares sink on global slump
Shares sink on global slump
Shares tumbled on Wednesday morning as investors’ sentiment remained weak following the negative movements of the world market.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange was down 0.57 per cent to 913.76 points. It was up 0.32 per cent to 919.02 points on Tuesday.
On the Ha Noi Stock Exchange, the HNX-Index slipped 0.42 per cent to end at 103.47 points. It slipped 0.04 per cent to end at 103.91 points on Tuesday.
Nearly 100 million shares worth a combined VND2.4 trillion (US$104 million) were traded on the two bourses.
US stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers sank after weak earnings and forecasts, fueling worries about economic growth.
The Dow Jones Industrial Average 2.21 per cent, to 24,465.64, the S&P 500 lost 1.82 per cent, to 2,641.89 and the Nasdaq Composite dropped 1.7 per cent, to 6,908.82.
Large-cap stocks were hit strongly, such as Bảo Việt Holdings (BVH), HDBank (HDB), Masan Group (MSN), Vingroup (VIC), Vinhomes (VHM) and VPBank (VPB).
Petroleum stocks also slid as they received negative news from the slump in global oil prices.
US crude futures slumped 6.59 per cent, to settle at $53.43 a barrel. Brent crude futures settled at $62.53 a barrel, down 6.38 per cent.
US crude has now fallen more than 30 per cent from a near four-year peak in early October.
The afternoon session starts at 1pm.
