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VCSC Daily - Global jitters add to local gloom - Gold imports drive demand for greenback

Sentiment remains poor and the ongoing European debt fiasco and weaker outlooks in Japan and China may have added to the gloom. The Vietnam market tumbled in early trading with numerous blue chips being sold off at limit-down right at the opening bell. The sell-off generated an intraday loss of over 7 points on the HSX and over 1.5 points on the HNX. However, cheap stock prices lured investors back to help both indices recoup some of the day’s losses on improved liquidity. Foreign investors pl