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VCSC Daily - VN-Index declines as banks plunge - Fed - GMD, PPC

The VN-Index fell for its fourth consecutive session, declining 1.8% on Monday. Markets throughout Asia tumbled after the US Federal Reserve took emergency action to support the economy amid the coronavirus outbreak by slashing its key interest rate to near zero. Numerous banks pulled down the index. VCB (-5.5%) dropped to a nine-month low and was the leading contributor to the day’s loss. In addition, BID (-6.3%) has plummeted 30% since March 9. CTG (-6.6%), VPB (-6.9%), TCB (-4.4%) and MBB