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VCSC Daily - Negative HCMC CPI, fuel price cut

Investors flee from risky asset on the news of Ho Chi Minh CPI. As Ho Chi Minh City announced its June CPI drop by 0.43% MoM, the first drop after 21 months, the market lost its early green to close in the negative territory in a volatile trading session as the bears linked negative CPI with signal of the sluggish economy.