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VCSC Daily - VN-Index nosedives as COVID-19 continues to spread globally - ACV, KBC, HDG

On Monday, the VN-Index tumbled 6.1%, sinking to a 39-month low, as uncertainty surrounding the coronavirus pandemic continues to impact global markets. Since returning from the Tet Holiday break on January 30, the VN-Index has plummeted nearly 33%. VIC (-6.9%) was the leading contributor to the day’s loss, sinking to a more than two-year low. Vingroup subsidiaries VHM (-6.9%) and VRE (-6.9%) also dropped. Several banks fell to the daily trading floor, including VCB (-7.0%), BID (-7.0%),