Global markets were in tumult on Thursday after attempts by Chinese authorities to support share prices and the currency raised fresh questions about their ability to manage a slowdown in the world’s second-largest economy. As a result, Asian markets traded mixed Friday after swinging between gains and losses.
Vietnam's stock exchanges witnessed a decline in the price of many stocks. Many indices started the day in red when the pressure to sell was already high. As the pressure heated, red started to spread across the board. The VN-Index once plummeted by 9 points. Buyers and sellers were cautious, and liquidity remained low. After a while, investors regained confidence. Notably, green has returned to the oil indices.
