Vietnam stocks slip as Asian shares subdued

The index closed 7.59 points lower after dropping 8.07 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 6% to VND16.59 trillion (US$671 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers fell.

GVR of Vietnam Rubber Group plunged 2.3%, followed by PLX of fuel distributor Petrolimex, down 2%.

FPT of IT giant FPT Corporation and MBB of lender MB both fell 1.8%.

Three blue chips gained, led by VHM of property giant Vinhomes, up 2.9%, and VIC of private conglomerate Vingroup, up 2.4%.

Foreign investors were net sellers to the tune of VND684 billion, mainly selling FPT and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.50%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.30%.

Asian shares were subdued on Thursday, with Japanese stocks sliding to their lowest in three weeks as investors sought safety, pushing the yen to a one-month high while U.S. economic worries boosted prospects for the Federal Reserve to cut rates, Reuters reported.

Amid the fragile sentiment, Japan's benchmark Nikkei slid more than 1% to its lowest in three weeks, while stocks in tech-heavy Taiwan and South Korean stood slightly higher on the day, giving up earlier gains.

The MSCI's broadest index of Asia-Pacific shares outside Japan up 0.25%, subdued after having tumbled nearly 3% during a three-day losing streak. The index had risen more than 0.6% but gave up those gains.