VN-Index declines as European, Asian stocks slip

Vietnam's benchmark VN-Index decreased by 0.25% to 1,258.63 points Wednesday while European and Asian shares fell.

The index closed 3.15 points lower after gaining 7.01 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 33% to VND12.700 trillion (US$502 million), its lowest since May 31.

The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers fell.

VHM of property giant Vinhomes saw the biggest fall of 3.7%, SSI of brokerage SSI Securities Corporation followed with a 1.3% drop while PLX of fuel distributor Petrolimex slipped 1.2%.

Eight blue chips gained. STB of Ho Chi Minh City-based lender Sacombank went up 2.2%, VIB of Vietnam International Commercial Bank rose by 1.3%, and TCB of private lender Techcombank closed 1.1% higher.

Foreign investors were net seller to the tune of VND141 billion, mainly selling MBB of MB Bank and VHM.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.14%, while the UPCoM-Index for the Unlisted Public Companies Market went up 0.08%.

Globally, European and Asian shares slipped on Wednesday on uncertainty surrounding a closely contested U.S. election, Reuters reported.

With tepid appetite for risk, the Euro STOXX 600 fell 0.6% ahead of a slew of key economic data.

Still, Wall Street futures , ticked higher, buoyed by a solid result from Google-parent Alphabet, which reported quarterly revenue that beat estimates.

Earlier in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell to a one-month trough and were last down 0.7%, tracking a decline in Chinese assets.