Thursday, January 21, 2021, 12:20 GMT+7
A LED display at the Ho Chi Minh Stock Exchange (HOSE) shows the market deep in red. Photo: Bong Mai / Tuoi Tre
Sell-off intensified on Vietnam’s southern stock exchange on Tuesday as the VN-Index of the Ho Chi Minh Stock Exchange (HOSE) dropped a whopping 61 points, with nearly US$1.1 billion in trade made over the course of the day.
Panic filled the HOSE as its benchmark index took a major plunge on Tuesday, with traders dumping their holdings while simultaneously bottom fishing for a good deal.
The market's free fall is a first for many in Vietnam, many of whom are new individual investors in the market.