Vietnam’s shares down for third day Business

Vietnam’s shares down for third day

Vietnamese shares extended losses for a third day as banks fell amid investor expectations that interest rate hikes in the US and Europe could undermine the profitability of local financial firms.

Both bourses rebound slightly

The VN-Index on the Ho Chi Minh City Stock Exchange ended the week on a high, helping to trim this week's losses caused by stolid trading as risk appetites evaporated in a lacklustre market bereft of stimulating news.