The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 2.7 percent to 445, the biggest loss since Sept. 16.
The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, dropped 3.1 percent to 508.41.
Phu Nhuan Jewelry Joint-Stock Co. (PNJ) , Vietnam’s only listed jewelry manufacturer, slid 4.9 percent to 41,100 dong, the biggest decline since Oct. 4. Gold declined for a third day alongside equities and other metals after China said it’s targeting slower growth this year.
Rubber Stocks: Dong Phu Rubber Joint-Stock Co. (DPR) , the country’s second-biggest listed rubber company, fell 4.6 percent to 48,200 dong. Danang Rubber Joint-Stock Co. (DRC) dropped 3.2 percent to 24,400 dong. Tay Ninh Rubber Joint-Stock Co. (TRC) plunged 4.6 percent to 39,300 dong.
Rubber dropped for a second day amid concern that slower economic growth in China, the world’s largest consumer, may curb demand for the commodity used in tires and gloves.
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