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VCSC daily - SBV lowers deposit rate cap to 9%

Risky assets jump on revised outlook, gasoline price and interest rate cuts. S&P’s revision on Vietnam’s outlook helped to improve investors’ confidence, sending both indexes straight into positive territory after the opening bell. Gains magnified toward the end of trading session as investors rushed to jump back into the stock market after receiving news that the government will soon lower gasoline prices and interest rates. The improvement of matching-order transactions also indicated stronger