Vietnam stocks shoot up to 8-day high

The index closed 19.69 points higher after dropping 12.45 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange was mostly unchanged at VND13.53 trillion (US$549 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers gained.

VHM of property giant Vinhomes led with a 5.4% rise, followed by VRE of retail real estate arm Vincom Retail, up 2.6%.

VCB of state-owned lender Vietcombank gained 2.5% and MSN of conglomerate Masan Group closed 2.2% higher.

Foreign investors were net buyers to the tune of VND524 billion, mainly buying VHM and FPT of IT giant FPT Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.63%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.59%.

Globally MSCI's broadest index of Asia-Pacific shares rose 0.6%, while S&P 500 futures and Nasdaq futures both edged up, Reuters reported.

European stocks were higher on Tuesday, while the U.S. dollar was pinned lower, a day before the U.S. Federal Reserve is expected to begin an easing cycle that could see policymakers deliver an outsized rate cut.