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Vietnam’s Stocks Post Biggest Loss in Decade on China Tensions

Vietnam stocks posted their biggest retreat since 2001, extending a six-week selloff that turned the benchmark index into the world’s worst performer, amid escalating tensions with China.

The VN Index plunged 5.9 percent to close at 527.09, the steepest drop among 93 global indexes tracked by Bloomberg. Vietnam Dairy Products JSC sank 6.7 percent for a record one-day loss, while Vingroup JSC retreated 3.1 percent. Trading is proceeding normally and officials are monitoring the market, Le Hai Tra, deputy chief executive officer of the Ho Chi Minh City Stock Exchange, said by phone.