Market news in the past 24 hours: Trade tensions escalate, gold price increases dramatically
The market in the past 24 hours has been affected by US-China tensions, gold prices hitting a peak and a series of fluctuations in domestic enterprises.
1. US-China tensions escalate again
Global financial markets continued to come under pressure as the US announced tariffs of up to 245% on Chinese goods. This is a new escalation in the trade war, causing investors to worry about the impact on international supply chains and capital flows. Although Beijing said it was willing to negotiate if Washington showed respect, risks remain as President Donald Trump has just launched an investigation into imported minerals - a move aimed directly at China.
2. China's economy is improving but geopolitical risks loom
Despite the external tensions, China reported positive economic indicators in the first quarter of 2025, with retail sales and industrial production growth both exceeding expectations. However, this positive picture could be overshadowed if trade relations with the US continue to deteriorate.
3. Gold price hits peak, cash flow may shift
The domestic gold bar price has increased to nearly 116 million VND/tael – an unprecedented high. This is a sign that the risk-off sentiment is increasing, which can pull money out of the stock market, especially in the context of a lack of momentum from pillar stocks.
4. Corporate and bond risks continue to emerge
Some listed companies recorded notable fluctuations:
- LDGinvolved in the Tan Thinh Residential Area case with a total investment of up to 800 billion VND.
- TTCwas asked to explain the breach of capital commitment related to two bond lots.
- MBSannounced a sharp increase in first-quarter profits, showing effective trading and investment activities.
- D2Dacknowledge that tariff uncertainties directly affect industrial park land leasing plans.
5. Competition in supply and fluctuations in bank personnel
The office market in Ho Chi Minh City is expected to enter a period of fierce competition from the second quarter, which may affect real estate and construction stocks. Meanwhile, senior personnel at banks such as PGBank are changing, notably the appearance of personnel related to Thanh Cong Group.
6. Policy and market structure changes
The implementation of the HOSE-Index 4.0 index set is expected to create a more balanced industry group, reflecting the economic developments more fully. However, the actual impact on capital flows is still a big question mark.
