boiman
01-10-2008, 06:26 PM
The chaos in the US stock markets on September 30
following the news about the rejection of the $700bil bailout has had
big impacts on Asian markets, including Vietnam. Many investors have
stopped trading.
A lot of investors on trading floors on September 30
told reporters that they were shocked by the news about the failed
$700bil bailout. Bien, an investor on ACB trading floor, said that he
took it for granted that the bailout would be approved and he purchased
a lot of stocks last Friday and Monday.
Bien has become more worried as Bloomberg has
continuously been reporting the decreases of the securities indexes in
Asia, including in Hong Kong, Singapore and Taiwan.
Nguyen Van Hai, an investor on Tan Viet trading floor, said that he is trying to sell all the LGC he has this week.
However, not all investors were overly concerned.
Thuy, an investor on SSI trading floor, told Saigon Tiep thi that she
was not going to sell stakes like other investors, though REE shares,
which she is holding, only saw the modest trading volume of 2,560
shares on September 30.
Thuy said that investors are trying to reassure others
by saying that the $700bil bailout will be approved later. Thuy said
that she will purchase stocks if the VN Index falls to 400 points.
Trinh Hong Van, Chairman and General Director of Nam
An Securities Company, said that difficulties will exist for some days,
but the world will ‘calm down’. He said that investors should think
carefully about decisions to sell stakes out at this moment, and that
they should have objective viewpoints about the possible impacts of the
financial crisis on Vietnam.
following the news about the rejection of the $700bil bailout has had
big impacts on Asian markets, including Vietnam. Many investors have
stopped trading.
A lot of investors on trading floors on September 30
told reporters that they were shocked by the news about the failed
$700bil bailout. Bien, an investor on ACB trading floor, said that he
took it for granted that the bailout would be approved and he purchased
a lot of stocks last Friday and Monday.
Bien has become more worried as Bloomberg has
continuously been reporting the decreases of the securities indexes in
Asia, including in Hong Kong, Singapore and Taiwan.
Nguyen Van Hai, an investor on Tan Viet trading floor, said that he is trying to sell all the LGC he has this week.
However, not all investors were overly concerned.
Thuy, an investor on SSI trading floor, told Saigon Tiep thi that she
was not going to sell stakes like other investors, though REE shares,
which she is holding, only saw the modest trading volume of 2,560
shares on September 30.
Thuy said that investors are trying to reassure others
by saying that the $700bil bailout will be approved later. Thuy said
that she will purchase stocks if the VN Index falls to 400 points.
Trinh Hong Van, Chairman and General Director of Nam
An Securities Company, said that difficulties will exist for some days,
but the world will ‘calm down’. He said that investors should think
carefully about decisions to sell stakes out at this moment, and that
they should have objective viewpoints about the possible impacts of the
financial crisis on Vietnam.