High deposit rates have pushed stock market liquidity to a more than one-year low, while large margin lending is raising the risk of forced selling. SGI Capital warns that if rates keep rising, some investors may exit the market and trigger a margin-call spiral. In September, the VN-Index fell 3.47%, average HoSE trade value dropped about 6.4%, and foreign investors net sold roughly VND 4,830 billion, the ninth consecutive month of net selling this year. Only 5 of 19 sectors rose, with financial services, real estate and banking posting steep declines. The article argues that pressure comes from both domestic rates and global rate hikes, and that Vietnam's FTSE Russell upgrade has not been enough to offset it.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: 'Lãi suất càng tăng, nhà đầu tư càng rời bỏ chứng khoán'
Read the original on VnExpress ↗
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