VN-Index declines as Asian shares slip

The index closed 6.23 points lower after gaining 5.75 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 24% to VND11.693 trillion (US$473.7 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 23 tickers fell.

VIC of private conglomerate Vingroup saw the biggest drop of 2.13%, followed by VHM of property giant Vinhomes with a 2.05% decline and BVH of insurance company Bao Viet Holdings, down 1.8%.

Only three blue chips gained. HPG of steelmaker Hoa Phat Group went up 0.8%, GAS of state-owned Petrovietnam Gas grew 0.7%, and SSB of lender SeABank closed 0.6% ghigher.

Foreign investors were net seller to the tune of VND484 billion, mainly selling FPT of IT giant FPT Corporation and HPG.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.51%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.41%.

Globally, Asian share markets slipped on Monday as worries about U.S. and Chinese growth weighed on sentiment, Reuters reported.

Chinese blue chips dropped 1.0% to seven-month lows, having already shed 2.7% last week.

Japan's Nikkei bore the brunt of the early selling as tech stocks declined, losing another 0.8% on top of a near 6% slide last week.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 1.2%, after shedding 2.25% last week, while South Korea's market fell 0.2%.

Data on consumer prices (CPI) from China showed the Asian giant remained a driver of global disinflation, with producer prices falling an annual 1.8% in August when analysts had looked for a drop of 1.4%.