Local and foreign investors flee the market before Tết holiday

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(Vietnam News)

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) posted a loss of nearly 4 per cent, equivalent to 43.73 points, to end Monday at 1,083.18 points, sliding away from the 1,100 points level.

This marked the biggest intra-day loss for the index since its historic loss of over 73 points at the end of January. 

The move was opposite to expectations from analysts who predicted the market would continue last week’s advance in the last two trading day before the holiday.

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