1. Financial market News

VN-Index falters as Trump tests Covid-19 positive

News of the U.S. President Donald Trump contracting the novel coronavirus saw the domestic stock market react strongly, before narrowing losses as Friday’s session closed. After losing nearly 17 points in the early afternoon session as the news broke, the index bounced back and narrowed the loss to 4.18 points by the end of the trading day, closing down 0.46 percent to 909.91 points. News that U.S. President Donald Trump had tested positive for Covid-19 came in just as Vietnam’s bourses broke for lunch and caused an immediate reaction, with the VN-Index dipping slightly into the red. When the market reopened at 1 p.m., it plunged as low as 897 points. The news was met with similar reactions in global markets, with U.S. equity futures down immediately on the news. As of 1 p.m, S&P 500 futures fell 1.3 percent and Nasdaq-100 sank 1.6 percent, while in Europe, the FTSE 100 lost 0.6 percent, and the German DAX slipped 0.7 percent. At the close of Friday, the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 294 tickers lose and 106 gain. The VN30-Index for the stock market’s 30 largest caps dropped 0.7 percent, with 21 tickers losing and 5 gaining.

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2. International finance News

Stocks fall following Trump’s positive virus test, but close off the worst levels on stimulus hopes

U.S. stocks fell in volatile trading on Friday after President Donald Trump’s coronavirus diagnosis fueled concerns about the election and a worsening pandemic.

Detailed information here.