According to PV , the US stock market declined in the trading session on Monday, when restrictions imposed by President Donald Trump for Chinese company Huawei put pressure on technology stocks and poses a risk of tensions between the two largest economies in the world.
After the White House put Huawei into a "blacklist" of trade last week, many US companies stopped or cut business licenses for the world’s largest telecommunications equipment manufacturer. . Alphabet, Google’s parent company, has stopped offering exclusive applications and services to Huawei. Mobile phone maker Lumentum announced it had temporarily suspended sales for Huawei.
Major US chip manufacturing companies, including Intel, Qualcomm, Xilin, and Broadcom, stopped supplying Huawei.
According to PV , this session on Wall Street market, the Dow Jones industrial index fell 0.3% to 25,679.9 points and the S&P 500 index dropped 0.7% to 2,840.23 points.
The Nasdaq Composite Technology Index was the biggest drop in this session as it lost 1.5% to close at 7,702.38 points. A series of stocks in the above index group also went down. In particular, the stock of Google’s parent company Alphabet dropped 2% to $ 1,144 per share, while the stock of Apple technology giants also fell 3.1% to $ 183.09 per share.
On the other side of the Atlantic, European stock markets are not out of the downtrend. Specifically, the FTSE 100 index in London (UK) fell 0.5% to 7,310.88 points, the DAX 30 index on the Frankfurt (Germany) floor lost 1.6% to 12,041.29 points and the CAC 40 index at Paris (France) lost 1.5% to 5,358.59 points. The Euro Stoxx 50 composite index closed down 1.6% to 3,369.78 points.
According to Ian Bremmer, an expert at Eurasia Group, in the middle of a two-week stalemate in trade negotiations, US action against Huawei is a risky step. The inclusion of technology issues makes the process of reaching agreement between the two sides difficult and more difficult to resolve.
SEB Bank’s emerging market strategist, Mr. Per Hammarlund, said that the latest tensions made it difficult for Beijing and Washington to end the trade dispute at the Economic Group Summit. world leading emerging and emerging economy (G20) next month in Japan.
In Vietnam, ending the session on May 20, VN-Index increased by 10.65 points to 987.13 points. The trading volume reached 153.1 million units, equivalent to more than VND 3,656.2 billion. There were 171 gainers, 65 standstill, 117 losers.
HNX - Index increased 0.52 points to 106.31 points. The trading volume reached nearly 39 million units, equivalent to the value of over VND 566.2 billion.
There were 77 gainers, 61 unchanged and 60 losers.
