Stocks slips after 2-week recovery

The index closed 1.38 points lower after gaining 0.75 points in the previous session. It has risen 3.7% since Nov. 19.

Trading on the Ho Chi Minh Stock Exchange increased by 31% to VND15.64 trillion (US$615 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers fell.

BVH of insurance company Bao Viet Holdings jumped 6.3%, followed by HDB of HDBank, up 2.6%.

FPT of IT giant FPT Corporation and POW of electricity producer Petrovietnam Power Corporation both gained 2%.

Fifteen blue chips closed in the red, including GVR of Vietnam Rubber Group with a 1.7% fall.

STB of Ho Chi Minh City-based lender Sacombank dropped 1.5% and VCB of state-owned lender Vietcombank closed 1.3% lower.

Foreign investors were net sellers to the tune of VND226 billion, mainly selling VCB and MWG of electronics retail chain Mobile World.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.02%, while the UPCoM-Index for the Unlisted Public Companies Market was unchanged.

Asian stocks jumped on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar recovered lost ground against major rivals as traders weighed the outlook for U.S. interest rates, Reuters reported.

Japan's tech-heavy Nikkei rallied 2.2% in afternoon trade, and South Korea's KOSPI advanced 1.8%. Taiwanese shares gained 1.4%.

Australia's stocks benchmark rose 0.6% and reached a fresh all-time high. Singapore's Straits Times index rose more than 1% to a 17-year peak.