VN-Index plummets with all blue chips in red

The index closed 77.88 points lower after dropping 19.17 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 40% to VND25.303 trillion (US$972.3 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw all tickers fell, with 24 of them hitting floor price.

Even sectors considered less directly affected by U.S. President Donald Trump’s new tariffs, such as banking, securities, construction, utilities, and retail, also saw steep declines.

VHM of property giant Vinhomes went down 6.56%, VIC of private conglomerate Vingroup dropped 5.49% and LPB of Fortune Vietnam Bank slid 5.31%.

VJC of budget airline Vietjet closed 4.29% lower, SAB of brewer Sabeco lost 1.73%, and SSB of SeABank was down 1.04%.

Foreign investors were net seller to the tune of VND1.72 trillion, mainly selling FPT of tech giant FPT Corporation and MBB of lender MB.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 7.34%, while the UPCoM-Index for the Unlisted Public Companies Market went down 7.27%.