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Vietnam stocks fall to lowest level since July 2021

Vietnam stocks fall to lowest level since July 2021

Wednesday, April 27, 2022, 08:41 GMT+7
Vietnam stocks fall to lowest level since July 2021
Investors look at an electronic board at Vietnam's Agribank securities company in Hanoi February 26, 2008. Photo: Reuters

Vietnam's benchmark index fell as much as 3.6% in early trading on Tuesday to 1,263, the lowest since July, before recovering slightly.

The index closed down nearly 5% on Monday.

It has plunged 13.8% so far this month, a slump investors and brokers attribute to recent arrests of business people for alleged market manipulation, plus concerns about high inflation.

Vietnam's benchmark index fell as much as 3.6% in early trading on Tuesday to 1,263, the lowest since July, before recovering slightly.

The index closed down nearly 5% on Monday.

It has plunged 13.8% so far this month, a slump investors and brokers attribute to recent arrests of business people for alleged market manipulation, plus concerns about high inflation.

Reuters

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