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Foreign investors have been net sellers on the Ho Chi Minh City Stock Exchange for 30 consecutive sessions, with the VN-Index falling to around 656 points amid the Covid-19 pandemic. Analysts say the withdrawal reflects a broader retreat from equities and a stronger US dollar, which has pushed the dong down about 1.7% since March 17.
Capital outflows and dong weakness raise the local cost of imported feed inputs for Vietnamese buyers, while the broad risk-off move reflects the dollar strength that pressures emerging-market currencies.
e.vnexpress.netMinh Son, Phuong DongMar 24, 2020Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
