The Vietnamese stock market is under pressure from the Middle East conflict.
On the morning of March 9th, in the opening trading session of the week, the Vietnamese stock market plummeted. Around 10:30 AM, the VN-Index fell by more than 6.25%, equivalent to a drop of nearly 102 points, to 1,656.8 points.
The Vietnamese stock market entered the first trading session of the week with a sharp increase in selling pressure as a wave of sell-offs emerged right from the opening minutes. Sell orders were unleashed in rapid succession as many investors chose to sell at any price, causing red to quickly spread across the market.
Reporters observed that over 500 stocks experienced sharp declines, with more than 210 falling to their lower limit. Within the VN30 group, 22 stocks hit their lower limit, including ACB, BID, CTG, FPT, HPG, TCB… The bright spot in the market was the positive performance of a few stocks in the oil and gas, fertilizer, and rubber sectors such as BSR, PLX, OIL, PEQ, PVC… due to expectations of benefiting from the strong increase in commodity prices, especially energy, following escalating geopolitical tensions in the Middle East.
Pinetree Securities believes that the stock market is likely to continue its downward trend. Investors should take advantage of this technical rebound to proactively restructure their portfolios, limiting new purchases of high-beta stocks such as real estate and securities. Regarding oil and chemical stocks, investors should absolutely avoid FOMO (fear of missing out) and wait patiently for a correction, as these stocks have already overreacted to news and fluctuations in global oil prices.
According to experts, since hitting its low point in December 2025 (equivalent to $54-55 per barrel), world oil prices have experienced a dramatic surge of over 100%. The driving force behind this sharp rise is believed to be the aftermath of the US and Israeli attacks in late February 2026, and Iran's declaration to close the Strait of Hormuz, a transit point for approximately 20% of global oil. This has contributed to the pessimistic sentiment of global investors in general, and Vietnamese investors in particular.
The decline was also widespread across Asian stock markets. At the opening of trading on Monday, March 9th, Japan's Nikkei 225 index fell nearly 7%, or 3,880 points, to 51,740 points; Hong Kong's Hang Seng dropped 3.2% to 24,932 points; and South Korea's Kospi plummeted 6.75% to 5,207.9 points.
