Vietnam Stocks Tumble the Most in Asia on Power-Price Concerns
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Vietnam’s stocks fell, dragging the benchmark index down the most in Asia, on speculation investors are locking in gains after a recent advance, and on concern the government may raise electricity prices.
The Ho Chi Minh City Stock Exchange’s VN Index dropped 2.9 percent to 457.11 at the 11 a.m. local-time close, the steepest loss since May 25. The gauge has rebounded 19 percent from a 27-month low on Aug. 12 amid speculation the central bank will gradually loosen monetary policy.