VN-Index faces volatility amid market correction and global policy shifts

The Vietnamese stock market, represented by the VN-Index, has entered a period of significant volatility and downward adjustment. After three weeks of recovery, the index fell by approximately 3.12% last week, dropping below the psychological 1,800-point threshold to settle around 1,795 points. This decline was driven by widespread selling pressure across most sectors, including finance, real estate, and technology, alongside increased liquidity and net selling by foreign investors.

Market analysts suggest the index may continue to fluctuate or test support levels between 1,765 and 1,810 points. Several key global and domestic factors are influencing this uncertainty, including the upcoming Federal Reserve policy meeting, rising US Treasury yields, and the anticipated FTSE Russell market upgrade effective September 21.

In the broader financial landscape, the State Bank of Vietnam set the central exchange rate at 25,607 VND. Meanwhile, precious metals such as gold and silver have also faced downward pressure due to a strengthening US dollar and shifting expectations regarding US monetary policy.