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VCSC Daily - VN-Index drops as Trump elected US president - CSM

Market Commentary

09 Nov 2016

Stocks in Vietnam followed a sell-off in global markets after Donald Trump shocked prognosticators by winning the US presidential election. After the lunch break, as it became apparent Trump would likely win, the index fell sharply to as low as 2.9% off yesterday's close. However, that move lower seems to have been a flushing out of weak hands, as the market rallied the rest of the afternoon to close less than one percent down and is still up for the week.
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