Vietnam stocks dive to 4-week low, Asian shares dip

The index closed 9.88 points lower after dropping 5.69 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange increased by 33% to VND19.09 trillion (US$752 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers fell.

GVR of Vietnam Rubber Group plunged steepest with a 4.1% decline.

VRE of retail real estate arm Vincom Retail dropped 2.6% and BCM of Becamex Investment and Industrial Development closed 2.3% lower.

Five blue chips bucked the trend, led by VHM of property giant Vinhomes with a 0.9% increase.

Foreign investors were net sellers to the tune of VND138 billion, mainly selling KDH of real estate firm Khang Dien House and VRE of retail real estate arm Vincom Retail.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.85%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.45%.

Asian stocks turned lower on Tuesday while bond yields and the dollar hit multi-month highs and gold traded near record peaks as investors hunkered down ahead of the U.S. election, Reuters reported.

Japan's Nikkei was down 1.4% in afternoon trade to touch its lowest since early October, while the yen hit 151 per dollar for the first time since July and bonds tracked the selling in U.S. Treasuries.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7% with benchmark indexes in Australia and South Korea losing more than 1%.