Quick read November 5: Dow Jones increased 3%, oil prices plunged more than 8% after the US election results

Domestically, HD Securities closed the IPO price at 38,900 VND/share...

US stocks increased sharply

- Oil prices plunged more than 8% after closing the session on November 4, falling to the lowest level since the end of August 2026. Brent oil price decreased 8.7%, closing at 94.62 USD/barrel. US WTI oil price decreased by 8.3%, to 88.12 USD/barrel.

After the last 3 sessions, Brent oil prices have dropped nearly 20%, marking one of the sharpest drops in many years.

According to Reuters, the market expects the Democratic Party to gain control of both the US Senate and House of Representatives will limit the ability of President Donald Trump to continue escalating the conflict with Iran, thereby paving the way for efforts to negotiate an end to the war. However, the prospect of reaching an agreement is still uncertain as the two sides still have many disagreements.

- The USD Index (DXY) measuring the strength of the greenback with a basket of 6 major currencies decreased by 0.48%, to 101.38 points.

- Meanwhile, US stocks increased sharply after the Democratic Party won control of both the House of Representatives and the Senate, ending the Republican Party's majority in Congress.

The election results are seen by investors as a factor that can reduce policy uncertainty and limit the ability of the US government to continue pursuing tough foreign measures.

Dow Jones increased 1,569.40 points, equivalent to 3%, recording the strongest increase since April 2025. The S&P 500 rose 1.6%, while the Nasdaq Composite rose 1.4%.

The group of large-cap technology stocks all went up in the November 4 session, led by Microsoft up 6.7% and Amazon up 6.1%. Alphabet rose 3.2%, while Meta Platforms rose 1.4%.

According to Reuters, investors assess that the US midterm election results may put the expansion of data center and AI infrastructure under more management pressure. This could slow down the pace of new investment, thereby reducing capital spending pressure on large technology corporations that own large-scale cloud computing systems.

- Domestically, Vietnamese stocks recovered strongly after a series of consecutive correction sessions. Closing the November 4 session, VN-Index increased 33.4 points (+1.97%), to 1,733.02 points. Liquidity increased significantly compared to the previous session. Demand is returning more positively after a series of cautious days.

Explaining this recovery, Mr. Nguyen The Minh, Director of individual customer analysis at ABS Securities Company, said that developments in the international market and the State Bank's move to regulate liquidity are factors contributing to improving investor psychology.

What's the news in the country?

- HD Securities (HDS) set the IPO price at 38,900 VND/share, expected to offer nearly 121.8 million shares. If fully distributed, the business can mobilize more than 4,737 billion VND, equivalent to about 10% of charter capital after issuance. According to the offering price, the company's equity value after the IPO is about 47,400 billion VND, equivalent to 1.8 billion USD.

- Thaiholdings Joint Stock Company (THD) reported a nearly 80% decrease in profit for the third quarter of 2026 over the same period. Specifically, net revenue reached nearly 319 billion VND, an increase of 31%. Consolidated profit after tax is only nearly 5 billion VND, compared to 24 billion VND in the same period last year.

Thaiholdings attracted attention recently when it joined a joint venture proposing to build the world's tallest twin tower complex in Hanoi.

- Taseco Real Estate Investment Joint Stock Company (Taseco Land - code: TAL) dissolved its subsidiary 3 months after its establishment. Specifically, the Taseco Land board of directors approved the policy of dissolving Kim Bang Industrial Park Infrastructure Investment Joint Stock Company.

This company was established on August 4, 2026 with a charter capital of 400 billion VND. Of which, Taseco Land contributed 220 billion VND, equivalent to 55% of the capital. The reason given is that the business no longer needs to continue doing business.