VCSC Daily - Investors take profits, early CPI figures negative
Rally hits a wall. After a decent run during the week, the markets cooled off as investors sold off some key index drivers like DPM and HAG “at the close”. HCMC, Hanoi and major province CPI figures came out early morning showing negative growth for July. But investors are not as transfixed on CPI as they were several months ago and have since viewed the rapid slowdown in CPI as an indicator of poor aggregate demand which is stunting economic recovery.