VCSC Daily - Market calms on promise to investigate rumors
Markets rebounded on reassurance by authorities to investigate rumors. The panic that that caused yesterday’s massive sell-off was well soothed by assurances that the rumors that spread in the market yesterday were ungrounded. Authorities also announced they had begun an investigation into the spread of the detrimental rumors to the stock market. With such calming actions, the VNI had a strong rebound today right after the opening bell, gaining over 1%.