Trade tension halt boost shares
Trade tension halt boost shares
Vietnamese shares rebounded on Monday morning, driven by information about a temporary halt in trade tensions between China and the US.
China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between US President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on January 1.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 1.98 per cent to close at 944.86 points on Monday morning.
The index touched an all-time record high of 1,204.33 points on April 9, but then declined 23 per cent to close last week at 926.54 points.
The minor HNX Index on the Ha Noi Stock Exchange lost 24 per cent in the same period.
It rose 1.67 per cent to end at 106.57 points on Monday morning.
Large-cap stocks continued driving the market, lifting the blue-chip VN30 Index by 2.20 per cent to 914.48 points.
Across the stock market, banks, property developers, securities firms and construction companies were among the best performing groups.
Nearly 120.8 million shares were traded on the two local exchanges, worth VND2.5 trillion (US$107 million).
The afternoon trading session starts at 1pm.
