Investors cheer US tariff delay

HÀ NỘI — Vietnamese shares recovered on Wednesday morning, driven by technology, insurance and retail sectors.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0. 四 四 per cent to close at  九 七 一. 一0 points.

The VN-Index fell 0. 八 七 per cent on Tuesday.

Nearly  七 三. 七 million shares were traded on the southern bourse, worth VND 一. 六 trillion (US$ 六 九. 五 million).

Technology, insurance and retail sectors were the driving force of the stock market.

The three industry indices gained between  一. 四 per cent and  一. 八 per cent, data on vietstock.vn showed.

They were followed by agriculture, home appliances, rubber, construction, and food and beverage sectors.

The market sentiment was good after the US President Donald Trump postponed a new  一0 per cent tariff imposed on $ 三00 billion Chinese products.

The tariff will be delayed until December  一 五 instead of taking effect on September  一.

Global markets also cheered the news.

On the Ha Noi Stock Exchange, the HNX-Index inched up 0.0 七 per cent to end at  一0 二. 三 六 points.

The northern market index dropped 0. 五 一 per cent on Tuesday.

More than  一 九. 三 million shares were traded on the northern bourse, worth VND 二 六 四. 五 billion.

The afternoon trading session starts at  一pm. — VNS