Group 1 - The Indian Rupee is hovering near historical lows, primarily due to increased tariffs imposed by the US on Indian goods, which is shaking investor confidence and making the Rupee one of the riskiest currencies in Asia [1][2] - Since the beginning of the year, the Indian Rupee has depreciated over 3% against the US dollar, with the exchange rate dropping from approximately 85.95 to a record low of 88.35 [1] - Foreign institutional investors have sold off Indian assets worth over 1.03 trillion Rupees since July, contributing to the depreciation of the Rupee as the demand for dollars increases when these assets are sold [1] Group 2 - The weakening of the Rupee is making imported goods more expensive, particularly oil, which India relies on for 90% of its demand, leading to increased transportation costs and rising inflation [2] - Market sentiment towards the Indian Rupee remains bearish, with expectations that the exchange rate may continue to face pressure in the short term [2] - Some experts believe that the depreciation of the Rupee does not constitute an alarm, as the central bank is allowing a gradual decline to enhance export competitiveness and mitigate the impact of US trade tariffs [2]

Core Viewpoint - The sudden sell-off in the Vietnamese stock market on July 29 was primarily driven by foreign investors cashing out after a period of strong market performance, leading to significant declines in major indices and sectors [2][3][5]. Group 1: Market Performance - On July 29, the Ho Chi Minh Index (VN Index) experienced a drop of 4.11%, closing at 1493.41 points, while the VN30 Index fell by 4.38% to 1621.29 points [3]. - The VN Index reached a historical high of 1566.74 points earlier that day, marking a cumulative increase of 45.9% compared to its low in early April [5][7]. - The trading volume surged dramatically, with nearly 14 trillion VND traded within the first hour, causing some brokerage systems to malfunction [5]. Group 2: Causes of the Sell-off - The primary reason for the market decline was the aggressive selling by foreign investors, who net sold over 9390 billion VND during the morning session, focusing on large-cap stocks that had previously supported the index [5]. - The high valuation of the market, with a price-to-earnings ratio around 15 times, has raised concerns about overvaluation, as corporate profit growth has not kept pace with stock price increases [5][6]. - Investors are reportedly increasing their leverage, with some brokerage firms reaching their margin limits, which could restrict short-term price increases [6]. Group 3: Economic Context - The Vietnamese economy showed strong growth, with a GDP growth rate of 7.52% in the first half of the year, the highest for the same period since 2011 [9]. - Foreign investors had net bought over 400 million USD in Vietnamese stocks in July, marking the second month of net inflows, contrasting with outflows from other Southeast Asian markets [9]. - The potential reclassification of Vietnam in the FTSE index could attract up to 6 billion USD in capital inflows, further influencing market dynamics [9].

越南股市突然遭遇猛烈抛售。 7月29日，越南股市突然闪崩、暴跌，越南胡志明指数、越南VN30指数均暴跌超4%，证券、银行和房地产板块全线重挫，多只个股暴跌超6%。 大跳水 当地时间7月29日，越南股市突然大跳水，越南胡志明指数（VN Index）盘中一度暴跌4.3%，截至收盘，跌幅仍达4.11%，报1493.41点；越南VN30指数亦 暴跌4.38%，报1621.29点。 值得注意的是，29日早盘，越南胡志明指数一度创出历史新高，最高报1566.74点。据越南媒体报道，越南市场早盘成交量急剧放大，仅一小时交易量就 接近14万亿越南盾，一度导致当地部分证券公司交易系统出现故障，据投资者和券商反馈，不少应用程序在操作时出现"卡顿"、响应缓慢或连接错误等现 象。 随后，证券、银行和房地产板块全线重挫，其中地产股DXG和DXS暴跌超6%，TCH、HHS大跌近6%。LDG、HDC、L14和HQC等跌幅在3%至5%之间。 有分析指出，导致越南市场大跌的主要原因是外国投资者的猛烈抛售。仅在29日早盘交易中，外国投资者净抛售就超过9390亿越南盾，抛售主要集中在越 南大型股——这些股票近期对越南股指起到了重要的支撑作用。 越 ...