1. Financial market News
VN-Index bounces back as trading cools down
After four consecutive losing sessions, the VN-Index rose 0.7 percent to 925.47 points Friday. The benchmark index had continued its corrective momentum in the morning and early-afternoon sessions, falling by as much as 10 points before rebounding within the final hour of trading to gain around 14 points as buy orders for blue chips, especially VIC of Vingroup, piled in. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was predominantly green with 225 stocks gaining and 181 losing. Total trading volume fell nearly 30 percent over the previous session to VND 6.56 trillion ($282.15 million), on par with last month’s daily trading average. The VN30-Index for the stock market’s 30 largest caps rose 0.66 percent, but only 11 stocks gained compared to 15 that lost.
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3. International finance News
Visa, Mastercard and Amex profits hit by lack of international travel during pandemic
Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line.
Detailed information here.