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This is the biggest percentage drop of the VN Index since a Chinese $1-billion oil drilling platform entered Vietnamese water in May 2014.
Vietnam Shares Suffer Steepest Plunge since Territorial Spat with China in 2014
The VN Index suffered the second-sharpest fall in history. Photo: qz.com
Vietnamese equities on Monday took the strongest hit since May 2014 when an oil rig sparked tensions between Vietnam and China, as investors sold off across the board following deep falls of international major bourses.
The benchmark VN Index of the Ho Chi Minh Stock Exchange (HOSE) settled down 5.10% to the day’s low at 1,048.71.  The HNX Index of the Hanoi Stock Exchange fell 4.06% to 118.94.
This is the biggest percentage drop of the VN Index since a 5.87% plunge when a Chinese $1-billion oil drilling platform entered Vietnamese water in May 8, 2014.
Traders dumped large-cap stocks such as PV Gas (GAS), Bao Viet Holding (BVH), Masan Group (MSN), Vingroup (VIC), Vietcombank (VCB), Vincom Retail (VRE), Petrolimex (PLX), BIDV (BID) and VietinBank (CTG).
As many as 570 stock headed south today, with 126 hitting their floor prices. Up to 13 of the 30 component stocks of the VN30 Index reached the lower limits. The VN30 Index dipped 5.08%.
The market value of stocks on three exchanges lost $8.1 billion today, exchange data showed.
Liquidity was quite heavy with 282 million shares worth 8.3 trillion dong ($365.6 million) changed hands on the HOSE.
Real estate majors FLC Faros (ROS), Novaland (NVL) and Coteccons (CTD) bucked the trend, ending in positive territory.
Foreign investors took advantage and net bought 205 billion dong ($9 million) on the HOSE, extending their net buying streak to four days.
Major index of the U.S. stock market on Friday saw the sharpest declines in over one year. Main Asian bourses all ended down on Monday, except for the Shanghai index.

TUAN MINH