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Title Week18_ Notable Changes in the KRX System for the Underlying Securities and Derivatives Markets
Report Type Báo cáo tuần
Source BSC
Bussiness HOSTC
Detail Date : 05/05/2025
Total pages : 0
Language : English
File Type : .PDF
FileSize : 2113 Kb
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Short Content

GLOBAL STOCK MARKETS
Global Equity Markets Maintain Recovery Momentum Amid Key Economic Data and Q1 Earnings Season
The stock market sustained its recovery trend during the week marked by the release of major economic indicators and Q1 earnings reports. While 73% of companies reported earnings that exceeded expectations, Wall Street has started to lower its forecasts for Q2 and the full year due to corporate guidance reflecting uncertainties surrounding new tariff policies. Investors are also awaiting critical data—such as U.S. GDP, April employment figures, and PCE inflation—which will provide further basis for anticipating the Fed’s decision at the early May FOMC meeting.
- U.S. equity indices moved sideways in the first session of the week. European benchmark Stoxx Europe 600 (EU600) rose by +0.6%, Japan’s Nikkei 225 advanced by +0.3%, while China’s CSI 300 edged down by -0.3%.
- The U.S. Dollar Index (DXY) continued its decline, closing at 99.1 points. The 10-year U.S. Treasury yield fell slightly to 4.24%.
At the IMF and World Bank Spring Meetings last week, the ECB President stated that economic conditions in both the eurozone and globally are showing signs of weakening. Recent tariff tensions have restrained investment activity and posed additional challenges to the region’s economic outlook. While signaling potential rate cuts, the ECB remains cautious, noting that there is still over a month before any decision is finalized. Market consensus suggests the ECB is likely to lower interest rates by 25 basis points in its June meeting.
PMI UK, EU, US; Interest rates and minutes of FOMC meeting May 2025; Interest rates and BOE monetary report; US unemployment benefit applications; Canadian unemployment rate; China CPI and Vietnam April macroeconomic data are the information to pay attention to next week.

 

VIETNAM STOCK MARKET
Blue-Chip Stocks Showed Sharp Divergence Ahead of the Holiday Break
The VN-Index had only two trading sessions during the week, edging down by 0.2%, with market liquidity plunging by 40%. Investor caution ahead of the long holiday contributed to the sharp decline in average trading volume. As the Q1 earnings season has largely concluded, attention now turns to trade negotiations, which are expected to shape short-term market direction.
- Similar to other large-cap stocks, the VIC Group saw clear divergence: VIC and VRE contributed a combined +1.4 points to the VN-Index, while VHM dragged the index down by -3.8 points. 
-Market breadth on the HOSE was relatively balanced with 177 gainers, 165 decliners, and 50 unchanged stocks.
- Foreign investors turned net sellers, offloading USD 9.3 million, following a USD 19 million net buying position the previous week.
The World Bank revised down its GDP growth forecast for Vietnam in 2025 to 5.8%, citing uncertainties arising from evolving trade policies. Nonetheless, the institution remains optimistic about the medium-term outlook, projecting growth of 6.1% in 2026 and 6.4% in 2027. As Vietnam is a trade-oriented economy—with trade volume equivalent to 170% of GDP—the country is vulnerable to disruptions in global trade, which may weigh on consumption. The World Bank recommends Vietnam focus on expanding public investment, pursuing structural reforms in technology, energy, and transportation, and improving the business environment to lay the groundwork for long-term growth drivers.
With the AGM season largely concluded and limited new catalysts in the near term, investors are advised to maintain a balanced portfolio allocation in order to stay flexible amid potential short-term volatility.