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Related tickers and likely impact
PVD
▼ Likely negativePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,699 bn VND |
| P/E | 15.0 |
| P/B | 0.96 |
| Close on 10/22/2026 | 18.90 |
| Change that session | +5.00% |
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Samsung Electronics shares closed down 9.5% and SK Hynix fell 11.1% as the Kospi closed 7.57% lower at 5,554.22, its lowest close since April 7, triggering circuit breakers across South Korean markets. Investors cited competition from China's ChangXin Memory Technologies, which has developed a new DRAM design, US consumer prices rising 3.7% in September that raised expectations the Fed could raise rates again, and doubts about AI spending, with CoreWeave falling about 15% on Wall Street. Foreign investors net sold 3.62 trillion won ($2.68 billion) of Kospi shares, and the index has dropped about 20% over six trading days. Retail investors who bought leveraged ETFs tied to Samsung and SK Hynix were hit hardest. The won also weakened against the dollar.
- Asian shares are mixed , with Kospi up 3 % after US stocks rally on strong earnings
Asian shares were mixed on Wednesday, with Japanese and South Korean tech stocks rising after a Wall Street rally. Kospi was up 3.4% at midday at 5,733.82, while AI firm Elice rebounded to its 29.9% daily limit after a 32% drop on its debut Tuesday. Tokyo's Nikkei 225 rose 1.3% to 64,915.59 after Japan's September exports rose 16.7% and imports 18.9%, largely due to higher oil prices, nearly doubling its trade deficit. Hong Kong's Hang Seng fell 0.1% and the Shanghai Composite 0.3%, while Taiwan's Taiex rose 1.5% and the S&P/ASX 200 slipped 0.1%. In the U.S., the S&P 500 added 0.3% Tuesday on strong profits from Equifax, Hasbro and 3M, while General Motors sank 6.8% despite a bigger profit, and Brent rose 1.5% to $110.37 a barrel.
- Asian shares are mixed , with Kospi up 3 % after US stocks rally on strong earnings – Winnipeg Free Press
Asian markets were mixed on Wednesday, with South Korea's Kospi up 3.4% at midday to 5,733.82 and Japan's Nikkei 225 up 1.3% to 64,915.59, while Hong Kong's Hang Seng and the Shanghai Composite slipped. The moves followed a broad Wall Street rally on strong earnings, with Equifax up 11.3%, Hasbro up 11.2% and 3M up 5.8%, while General Motors fell 6.8% despite a bigger profit. Salesforce agreed to buy Braze for $47.50 in cash per share, sending its shares up 51.7%. Brent crude rose to $110.37 a barrel, near its highest level since the Iran war began, and Japan's exports rose 16.7% in September while imports jumped 18.9% on higher oil prices.
- AJA Newsbites – October 21, 2026
Ceragem, a South Korean home healthcare company, says founder Lee Hwan-sung, 65, adopted CEO Lee Kyung-soo, 48, as his son to transfer ownership; the adoption was completed last year, Lee received a 10% stake in the first half of 2026, and the company denies tax motives. Japan will provide Malaysia a counter-unmanned aerial system worth about RM40 million (US$9.3 million) under its 2026 Official Security Assistance programme, Defence Minister Mohamed Khaled Nordin said. Philippine Armed Forces Chief of Staff General Antonio G. Natarrete, meeting Cambodian Prime Minister Hun Manet in Phnom Penh, proposed expanding defense ties into naval and air force cooperation. Kazakhstan's CPC Blend hit $130.99 per barrel on October 20, while Brent futures rose to $110.10; if high prices persist through 2026, Kazakhstan could collect up to $5.8 billion in extra public revenue.
- Futures Slip As Korean Data Center IPO Faceplant Revives Tech Rout , French Spread Blows Out
US stock futures slipped, with Nasdaq futures down 0.7% and S&P futures down 0.2%, as Monday's AI rebound faded. Korean data-center firm Elice plunged more than 30% in its trading debut, reviving doubts about who will earn returns on the AI capex boom, while OpenAI is reportedly rushing to raise about $30 billion ahead of Anthropic's IPO. The OAT-Bund spread widened to a 151bps peak, approaching the 152bps high from just after the draft budget was presented, and the Kospi tumbled 3.65%. The 10-year Treasury yield eased to 5.12%, Brent held above $110/bbl, and the Fed is in its blackout period ahead of the Oct. 28 FOMC.
- South Korean IPO plunge deepens AI market jitters as brent tops $111
South Korean data centre company Elice (0158S0) closed at 60,500 won ($45.57) on its debut, down over 30% from its 90,500 won offer price, despite a retail offering oversubscribed more than 400 times. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The debut came as the KOSPI dropped almost 4% to 5,552, with Samsung Electronics and SK Hynix also falling, and CoreWeave (CRWV) slipped another 3% in U.S. pre-market trading. Investors are questioning the borrowing costs, debt levels and returns of AI infrastructure spending, while Brent crude topped $111 a barrel, its highest since May, amid Middle East supply and shipping concerns.
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Latest news
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- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
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On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
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Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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