htmlIn September, Vietnam's stock market fell continuously like many parts of the world.
Vietnam stock market fell throughout the month, with market value evaporating more than US$25 billion
htmlOn September 30, on the last trading day of September after the closing of the stock market, it suddenly reversed and rebounded. The VN index closed up 6.04 points to 1,132.11, while the HNX index also rose 0.84 points to 250.25. The increasing demand for to buy at the bottom will help investors not worry so much after a series of red days.
Previously, VN-Index has fallen for five consecutive trading days, reaching its lowest level since February 2021. Investor sentiment was severely affected by news that U.S. rate hikes , U.S. stock market plummeted and the country's banks raised savings interest rates at the same time.
Overall, in September, VN-Index fell 11.5%, and HNX-Index fell more than 14%. This caused Vietnam's stock market value to reduce its stock market value by more than 610 trillion Vietnamese Dong , equivalent to US$25.4 billion.
Not only Vietnam, global stock markets also fell this month. During the last trading day today (September 30), most Asia-Pacific stock markets continued to decline. In Japan, the Nikkei 225 index fell 1.84%, a cumulative decline of 7.67% in one month; the South Korean Cosdaq index fell 0.36%, bringing the decline of 16.65% in the entire September; the China Shanghai Composite Index fell 0.55% in the month, a cumulative decline of 5.55%. The Hang Seng Index in Hong Kong rose slightly by 0.33%, but overall declined 13.69% this month...
and US stock also recorded a major index falling by more than 7-9% in September as of the close of 29.9. S&P 500 index closed at 3640 points, the lowest since the end of 2020. Its current market share is 24.1%, lower than the historical peak set in early January this year, which means it has fallen into a bear market area. Similarly, Dow Jones Index was 19.7% lower than its peak at the beginning of the year, and Nasdaq Index was nearly 32% lower than the record set in November 2021.
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