Market Recap July 2020 - COVID-19 second wave blurs recovery momentum
  • 2020-08-04T18:41:00
  • Strategy
The VN-Index plummeted to a three-month low in July. The VN-Index surged 6.2% to a one-month high in the first 10 days of the month on rising confidence due to positive developments in business activities in the ‘new normalization’ period after COVID-19. However, the market retreated moderately in the following week as cautious sentiment returned due to an increase in reported global COVID-19 cases. Sentiment then turned distinctly bearish in the Vietnamese market after new cases of.