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The fund normally invests at least 80% of its total assets in securities that comprise the funds benchmark index. The index includes securities of Vietnamese companies. A company is generally considered to be a Vietnamese company if it is incorporated in Vietnam or is incorporated outside of Vietnam but has at least 50% of its revenues/related assets in Vietnam. It is non-diversified.

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Natixis ETF Trust II Vaughan Nelson Mid Cap ETF

VIETNAM HOLDINGS LTD ORD by Vietnam Holdings, Ltd.

VietNam Holding Ltd

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China's Xi Calls On China, Vietnam To Jointly Oppose Unilateral Bullying; Says Leaders Of China, Vietnam Should Exchange Visits Frequently Like Relatives; China's Mega Market Always Open To Vietnam; Urges China, Vietnam To Jointly Tackle Online Gambling, Telecom Fraud And Other Cross-Border Crimes; China, Vietnam Signed 45 Bilateral Cooperation Documents; Says Countries Should Achieve More Positive Maritime Interaction; Proposes 6 Measures To Deepen Building Of China-Vietnam Community With A Shared Future

<a href="https://www.finance.senate.gov/hearings/the-presidents-2025-trade-policy-agenda" title="https://www.finance.senate.gov/hearings/the-presidents-2025-trade-policy-agenda">https://www.finance.senate.gov/hearings/the-presidents-2025-trade-policy-agenda</a>

U.S. Trade Representative Jamieson Greer Says We Are Trying To Limit Imports Driven By Unfair Trade Practices While Promoting U.S. Exports; There Is No Particular Timeline On Trump's Negotiations With Other Countries On Tariffs; We Are Trying To Work Very Quickly On Trade Negotiations; Vietnam Understands That It Is A Major Target Of Trump Tariff Action; Trump Has Been Clear That He Won't Do Tariff Exemptions In The Near Term

General Secretary Of The Communist Party Of Vietnam To Lam Say sVietnam Ready To Cut Tariff To Zero And Asks U.S. To Do The Same; Agreed With Trump To Discuss, Sign Bilateral Agreement To Concretize Commitments On Zero Tariffs; Invites Trump To Vietnam, Says Trump Accepted Invitation

&nbsp;- Reuters Citing State Media

CROX

DECK

LEVI

LULU

ONON

SHOO

Vietnam Party Leader To Lam Holds Phone Call With Donald Trump

President Trump Says Just Had A Very Productive Call With To Lam, General Secretary Of The Communist Party Of Vietnam; Lam Told Me That Vietnam Wants To Cut Their Tariffs Down To Zero If They Are Able To Make An Agreement With The U.S.; I Look Forward To A Meeting In The Near Future

President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk <a href="https://www.benzinga.com/markets">appetite vanished in a flash.</a>
Wall Street saw a staggering $2 trillion in market cap erased, with the U.S.&#8217;s biggest 10 companies shedding $1 trillion alone.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) plunged 8.7%, staring down its worst day since March 2020 and wiping out nearly $300 billion in value. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled 6.4%, losing $171.9 billion, while Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) dropped 8%, on pace for a $166 billion hit.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Daily Change</th>
<th>Market Cap Loss ($B)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Apple</td>
<td>-8.74%</td>
<td>-293.95</td>
</tr>
<tr>
<td>NVIDIA</td>
<td>-6.38%</td>
<td>-171.89</td>
</tr>
<tr>
<td>Amazon</td>
<td>-8.03%</td>
<td>-166.80</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>-6.64%</td>
<td>-98.24</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>-3.26%</td>
<td>-62.74</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>-7.63%</td>
<td>-61.74</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>-2.04%</td>
<td>-57.96</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-5.80%</td>
<td>-52.76</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>-6.69%</td>
<td>-45.99</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>-9.93%</td>
<td>-31.60</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td></td>
<td>-1043.67</td>
</tr>
</tfoot>
</table>
</figure>
The S&amp;P 500 fell nearly 4%, poised for its worst session since September 2022, and sank to a seven-month low. Small caps took the brunt of the sell-off, with the Russell 2000 plunging over 5% and officially entering a bear market, now down more than 20% from its 2024 peak.
Fears of retaliatory action from key U.S. trading partners dragged every major sector into the red, except for defensive plays like consumer staples and utilities.
Consumer discretionary stocks were slammed. Apparel names posted double-digit losses: Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>), Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) and Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) each dropped between 10% and 16%.
Cruise lines were also hit hard: Norwegian Cruise Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) sank 13%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) fell 10%, and Royal Caribbean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) slid 9%.
Bond markets saw a mild flight to safety. Treasury yields edged lower, yet the U.S. dollar weakened 1.6%, with the DXY index heading for its worst day since November 2022.
Commodities weren't spared. Oil prices nosedived on fears of a global slowdown, worsened by OPEC+'s surprise move to raise output. West Texas Intermediate crude plunged 7.5%, slipping below $70 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) showed relative resilience in the carnage, dipping just 1% and holding above $81,600.
<h1 class="wp-block-heading">Thursday&#8217;s Performance in Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,908.76</td>
<td>-3.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,449.64</td>
<td>-3.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,751.99</td>
<td>-4.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,929.91</td>
<td>-5.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 3.6% to $544.20.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) tumbled 3% to $409.26.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;plummeted 4.2% to $456.21.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) nosedived 5.4% to 191.63.</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 1.2%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) tanked, down 5.6%.</li>
</ul>
<h1 class="wp-block-heading">Other Major Stock, ETFs Moves To Know</h1>
<ul>
<li>Lamb Weston Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) up 7.8%</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 26%,</li>
<li>Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>), up 7.8%</li>
<li>Kohls Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) down 25%</li>
<li>VanEck Vietnam ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNM#NYSE">VNM</a>) down 10.2%</li>
<li>iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) up 4.7%, </li>
<li>iShares MSCI Taiwan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWT#NYSE">EWT</a>) down 4%. </li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44629640/us-services-sector-slows-sharply-as-hiring-drops-tariff-pressures-mount">US Services Sector Slows Sharply As Hiring Drops, Tariff Pressures Mount</a></li>
</ul>
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Wall Street Wipes Out $2 Trillion, Apple Eyes Worst Day Since COVID-19 Pandemic, Oil Plummets: What's Driving Markets Thursday?

As global markets reel from Donald Trump&#8216;s sweeping tariff announcement, speculators who wagered on a chain reaction of trade retaliation may soon cash <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44626421/trumps-reign-of-tariffs-unleashes-d-day-on-wall-street-analyst-warns-of-stagflation-risk">in the big prize.</a>
On Thursday, trading on CFTC-regulated prediction platform Kalshi lit up with activity as speculators priced in a sharp rise in retaliatory tariffs from major U.S. trading partners. 
The market titled "Which countries will impose tariffs on the US before Q3 2025?" saw odds spike across several jurisdictions in the wake of Trump's announcement.
See Also: <a href="https://www.benzinga.com/25/04/44624245/tariffs-to-plug-the-hole-for-income-tax-cuts-to-come-economists-predict-what-more-could-be-expected">Trump Tariffs To &#8216;Plug The Hole&#8217; For Income Tax Cuts To Come: Economists Predict What More Could Be Expected</a>
<h3 class="wp-block-heading">Global Trade War Now Becomes The Base Case</h3>
<ul>
<li>The odds of South Korea enacting retaliatory measures soared to 79%, up 29 percentage points in a single day. </li>
<li>Japan followed with a 33-point jump to 73%</li>
<li>South Africa climbed to 74%, up 16 points.</li>
<li>India saw a more cautious move, with odds now at 35%</li>
<li>Kalshi traders assigned a 96% probability that Brussels will strike back with its own tariffs in the coming months.</li>
</ul>
Only Mexico moved in the opposite direction. Following Trump&#8217;s exemption of North American partners from the new tariff structure, the odds of retaliation from the southern neighbor collapsed to 45%, down 31 percentage points.
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Country</th>
<th>Odds of Tariff Retaliation</th>
<th>Change vs. Day Before</th>
</tr>
</thead>
<tbody>
<tr>
<td>&#x1f1ea;&#x1f1fa; European Union</td>
<td>96%</td>
<td>+12%</td>
</tr>
<tr>
<td>&#x1f1f0;&#x1f1f7; South Korea</td>
<td>79%</td>
<td>+29%</td>
</tr>
<tr>
<td>&#x1f1ef;&#x1f1f5; Japan</td>
<td>73%</td>
<td>+33%</td>
</tr>
<tr>
<td>&#x1f1ff;&#x1f1e6; South Africa</td>
<td>74%</td>
<td>+16%</td>
</tr>
<tr>
<td>&#x1f1ee;&#x1f1f3; India</td>
<td>35%</td>
<td>+9%</td>
</tr>
<tr>
<td>&#x1f1f2;&#x1f1fd; Mexico</td>
<td>45%</td>
<td>-31%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Kalshi</figcaption></figure>
Speaking on Bloomberg TV, U.S. Commerce Secretary Howard Lutnick attempted to downplay the likelihood of backlash, saying the tariffs will be applied broadly and uniformly, and adding that "it will not be effective for countries to retaliate against Trump tariffs."
<iframe loading="lazy" src="https://kalshi.com/external-widget/events-categorical/KXFOREIGNTARIFF-25JUL01?color_scheme=light&#038;widget_size=large&#038;utm_campaign=benzinga_widget" width="488px" height="242px" style="border:0"></iframe>
<h2 class="wp-block-heading">Country ETFs Witness Deep Declines</h2>
Amid the turmoil on Wall Street, U.S.-listed country ETFs took a beating Thursday as investors dumped risk ahead of possible tit-for-tat tariffs,
The VanEck Vietnam ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNM#NYSE">VNM</a>) plunged more than 8% in premarket trading, on track for its worst session since March 2020. The U.S. will apply a 46% tariff rate on Vietnam.
Japan's iShares MSCI Japan Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>) dropped 3%, while the iShares China Large Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) fell 1.8%. The two biggest Asian economies will see their respective tariff rate rising to 24% and 34%, respectively. 
India's iShares MSCI India ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDA#NYSE">INDA</a>) and South Korea's iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) declined 1.1% and 1.5% respectively. India and South Korea are poised to face a 25% and 26% increase, respectively, in the cost of exporting goods to the U.S.
The SPDR DJ Euro STOXX 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>) dipped 0.9%, while the iShares South Africa Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EZA#NYSE">EZA</a>) fell 4.5%. 
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44624245/tariffs-to-plug-the-hole-for-income-tax-cuts-to-come-economists-predict-what-more-could-be-expected">Trump Tariffs To &#8216;Plug The Hole&#8217; For Income Tax Cuts To Come: Economists Predict What More Could Be Expected</a></li>
</ul>
Image: Shutterstock

INDA

Retaliation Odds Spike After Trump's Heavy Tariffs, Sending Country ETFs Tumbling

The World Bank's Global Economic Prospects report, released Thursday, highlights a fragile outlook as inflation, trade disruptions, geopolitical tensions and policy uncertainty weigh on momentum.
The global economy is expected to stay stuck at 2.7% growth in 2025-&#8217;26, a pace too weak to <a href="https://www.benzinga.com/news/econ-s">drive real economic progress.</a>
Emerging markets, which power 60% of global expansion, are no longer closing the gap with advanced economies as quickly as they once did. 
Yet, some are bucking the trend, with a few poised to grow above 5%, offering rare opportunities for investors in an otherwise sluggish environment.
<h1 class="wp-block-heading">Argentina's Rebound Under Milei's Reforms</h1>
Argentina's economy is staging a comeback, with GDP expected to expand 5% in 2025 and 4.7% in 2026. This sharp rebound follows two years of contraction, driven by a steep currency devaluation and trade imbalances.
"Argentina has seen significant improvements in activity in commodity-related sectors, including agriculture, energy and mining," the World Bank said in its report. The country's trade surplus has also grown, helped by a sharp drop in imports following the peso's depreciation.
President Javier Milei's sweeping economic reforms — focused on slashing government spending, deregulating industries, and stabilizing inflation — are beginning to take hold.
Investor confidence is returning, fueling a 78% surge in the Global X Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>) over the past year. 
The fund has already attracted more than $700 million in inflows since mid-January 2024.
<h1 class="wp-block-heading">Indonesia: Stable Growth At 5.1%</h1>
Indonesia, Southeast Asia's largest economy, is expected to grow 5.1% in 2025, supported by strong domestic consumption and exports of palm oil, coal, and other commodities.
Despite solid economic growth, the iShares MSCI Indonesia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIDO#NYSE">EIDO</a>) has struggled, posting a 14% decline over the past year. 
This weakness reflects concerns over global commodity demand and capital outflows from emerging markets.
<h1 class="wp-block-heading">Philippines: A 6.1% Expansion Fueled By Services</h1>
The Philippines is on track for 6.1% GDP growth in 2025, according to the World Bank. This growth is fueled by its booming services sector, particularly business process outsourcing and remittances from overseas workers. 
Government-backed infrastructure spending is also providing a lift.
Yet, the iShares MSCI Philippines ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPHE#NYSE">EPHE</a>) has underperformed, slipping 4.6% in the past year. 
<h1 class="wp-block-heading">Vietnam's Manufacturing Strength</h1>
Vietnam is expected to be one of the fastest-growing economies in 2025, with a projected 6.6% expansion. 
"Vietnam's growth spell was both transformative and inclusive," the World Bank said, noting the country ranks among the top emerging markets in achieving sustainable development goals.
The manufacturing sector remains the backbone of Vietnam's economy, benefiting from foreign direct investment and a shift in global supply chains away from China. 
However, the VanEck Vietnam ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNM#NYSE">VNM</a>) has struggled, dropping 11% over the past year, reflecting broader volatility in emerging markets and China&#8217;s economic slowdown.
<h1 class="wp-block-heading">India: The Growth Powerhouse</h1>
India, the world's fastest-growing major economy, is expected to expand 6.7% in 2025. Though slower than the 8.2% growth recorded in 2023, the country's economic engine remains strong, powered by resilient consumer spending and steady services activity.
Higher inflation and slower credit expansion have dampened urban consumption, but long-term fundamentals remain intact. 
The iShares MSCI India ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/INDA#BATS">INDA</a>) gained 4% over the past year, outperforming many other emerging market funds.
Investors continue to back India's growth story, with over $800 million of inflows over the past year.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Total Return (3М)</td>
<td>Total Return (YTD)</td>
<td>Total Return (1Y)</td>
<td>Total Return (5Y)</td>
<td>Total Return (2024)</td>
<td>Total Return (2023)</td>
<td>Fund flows (1 Year) – USD mn</td>
</tr>
<tr>
<td>Global X Argentina ETF</td>
<td>24.86%</td>
<td>4.84%</td>
<td>78.24%</td>
<td>252.05%</td>
<td>63.46%</td>
<td>53.64%</td>
<td>727.51</td>
</tr>
<tr>
<td>VanEck Vietnam ETF</td>
<td>-8.47%</td>
<td>-1.61%</td>
<td>-11.41%</td>
<td>-24.27%</td>
<td>-11.15%</td>
<td>15.01%</td>
<td>-71.93</td>
</tr>
<tr>
<td>iShares MSCI India ETF</td>
<td>-9.87%</td>
<td>-3.02%</td>
<td>4.09%</td>
<td>53.12%</td>
<td>8.63%</td>
<td>17.16%</td>
<td>867.22</td>
</tr>
<tr>
<td>iShares MSCI Philippines ETF</td>
<td>-14.24%</td>
<td>-1.96%</td>
<td>-4.66%</td>
<td>-20.87%</td>
<td>-1.41%</td>
<td>1.27%</td>
<td>-0.32</td>
</tr>
<tr>
<td>iShares MSCI Indonesia</td>
<td>-16.02%</td>
<td>-0.65%</td>
<td>-14.01%</td>
<td>-20.57%</td>
<td>-13.02%</td>
<td>2.56%</td>
<td>-98.18</td>
</tr>
</tbody>
</table>
</figure>

ARGT

iShares MSCI Indonesia Investable Market Index Fund

EIDO

ISHARES MSCI PHILIPPINES INVESTABLE MARKET INDEX FUND

EPHE

Five Emerging Economies Poised For 5% Growth In 2025: Should You Buy These ETFs?

NVIDIA announced today it is opening its first Vietnam research and development center, signaling its confidence in the country's bright artificial intelligence future.
The company is collaborating with the Vietnamese government to establish its new Vietnam Research and Development Center focused on AI. NVIDIA will use the R&amp;D center to focus on software development, capitalizing on the country's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI.

NVIDIA Opening Its First Vietnam Research And Development Center, Signaling Its Confidence In The Country's AI Future

<a href="https://www.trade.gov/commerce-initiates-antidumping-and-countervailing-duty-investigations-crystalline-silicon" title="https://www.trade.gov/commerce-initiates-antidumping-and-countervailing-duty-investigations-crystalline-silicon">https://www.trade.gov/commerce-initiates-antidumping-and-countervailing-duty-investigations-crystalline-silicon</a>

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SEDG

SHLS

iShares MSCI Thailand Investable Market Index Fund

U.S. Commerce Dept Sets Preliminary Antidumping Tariff Rate Of 125.37% On Solar Cells From Cambodia; Antidumping Tariff Rate Of 81.22% On Solar Cells From Malaysia; Antidumping Tariff Rate Of 70.36% On Solar Cells From Thailand; Antidumping Tariff Rate Of 271.28% On Solar Cells From Vietnam

<a href="https://blog.google/products/google-tv/google-tv-home-ai-sports-features/" title="https://blog.google/products/google-tv/google-tv-home-ai-sports-features/">https://blog.google/products/google-tv/google-tv-home-ai-sports-features/</a>

GOOG

Google TV Expands Device Selection With New Streamers, Art TVs, And Smart Projectors, Now Available In More Countries Including Thailand, Indonesia, Vietnam, And The Philippines, Reaching 270M Monthly Active Devices

On September 5, 2024, U. S. Steel, along with the United Steelworkers union ("USW") and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the United States Department of Commerce ("DOC") and the United States International Trade Commission ("ITC"), on imports of corrosion-resistant steel ("CORE") from Australia, Brazil, Canada1, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam.
Duane D. Holloway, Senior Vice President, General Counsel and Chief Ethics &amp; Compliance Officer of U. S. Steel, commented, "As we have for decades, U. S. Steel continues to lead the domestic industry in the fight against unfair trade on behalf of our workers, families, communities, and customers we serve. These new trade cases—the largest filed by U. S. Steel in nearly a decade—will address low-priced and subsidized CORE imports that continue to pour into the U.S. market. These cases aim to restore a level playing field and support our investments in Big River Steel's new dual coating line and second mini-mill in Arkansas, as well as U. S. Steel's CORE facilities across the country."

iShares MSCI Turkey Investable Market Index Fund

U.S. Steel, USW And Wheeling-Nippon Files Antidumping And Countervailing Duty Petitions With The U.S. DOC And The U.S. ITC, On Imports Of Corrosion-Resistant Steel From Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, And Vietnam

EQNR

Reuters Reported Equinor Halts Vietnam Offshore Wind Plans; To Close Hanoi Office

In collaboration with the Vietnamese government, the organizations will join forces on design and technology specifications for smart city projects throughout the country

Contracts

IVDA

Iveda Partners With VinaFore For Authorized AI Solutions Provider To Vietnamese Government

<a href="https://www.reuters.com/business/energy/aes-talks-sell-major-coal-fired-power-plant-vietnam-sources-2023-11-17/" title="https://www.reuters.com/business/energy/aes-talks-sell-major-coal-fired-power-plant-vietnam-sources-2023-11-17/">https://www.reuters.com/business/energy/aes-talks-sell-major-coal-fired-power-plant-vietnam-sources-2023-11-17/</a>

Asset Sales

Reuters Reported Earlier, AES In Talks To Sell Major Coal-fired Power Plant In Vietnam

<a href="https://www.reuters.com/technology/intel-shelves-planned-chip-operation-expansion-vietnam-source-2023-11-07/" title="https://www.reuters.com/technology/intel-shelves-planned-chip-operation-expansion-vietnam-source-2023-11-07/">https://www.reuters.com/technology/intel-shelves-planned-chip-operation-expansion-vietnam-source-2023-11-07/</a>

INTC

Reuters Reported Late Monday: Intel Dropped Planned Chip Operation Expansion In Vietnam

-Bloomberg Citing White House Statement

U.S. Vietnam Sign Deal On Semiconductor Supply Chains

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2023/09/2023-09-11_08h19_27.png" style="height:369px; width:650px" />
<h3>Auto Worker Strike Likely</h3>
Please&nbsp;<a href="https://thearorareport.com/stock-market-chart-analysis-auto-worker-strike-gm-mc-09112023">click here</a>&nbsp;for a chart of General Motors Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>).
Note the following:
<ul>
<li>The Morning Capsule is about the big picture, not an individual stock.&nbsp;The chart of&nbsp;GM&nbsp;stock is being used to illustrate the point.</li>
<li>The chart shows that&nbsp;GM&nbsp;stock has given up all of its summer rally gains.&nbsp;The reason is a potential strike by United Auto Workers (UAW).</li>
<li>President Biden claims to be the most pro-union president.&nbsp;President Biden has been predicting that UAW will not strike.</li>
<li>In The Arora Report analysis, the probability of a UAW strike is very high.</li>
<li>UAW President Shawn Fain is talking about the possibility of a simultaneous strike against GM, Ford Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), and Stellantis NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>).</li>
<li>In The Arora Report analysis, if there is a simultaneous strike against all three automakers, it will put Michigan in a recession and will have a major negative impact on the&nbsp;U.S. economy.&nbsp;&nbsp;</li>
<li>The union is especially upset that new plants such as those for batteries are not unionized.</li>
<li>UAW is blaming the Biden administration for giving away billions of dollars of subsidies without demanding wage standards.</li>
<li>All of the foregoing is positive for Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) as Tesla is not unionized.</li>
<li>On August 29, we shared with you:</li>
</ul>
<blockquote>Today, Tesla (TSLA) is turning on a massive NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) cluster consisting of 10,000 H100 GPUs.&nbsp;The cluster will be used to train FSD (Full Self-Driving).&nbsp;Tesla is also spending $1B to build its own Dojo supercomputer.
</blockquote>
<ul>
<li>There is heavy buying in&nbsp;TSLA&nbsp;stock in the early trade as a Wall Street bank highlights Dojo and states that Dojo can&nbsp;add&nbsp;up to $500B in value to Tesla.</li>
<li>The momo crowd&rsquo;s pattern is to buy ahead of events, ignoring the risk. The reason is that the momo crowd believes that every event that is ahead is going to run up the stock market.&nbsp;In the early trade, the momo crowd is aggressively buying stocks ahead of several events.
<ul>
<li>CPI will be released on September 13 at 8:30am ET, followed by PPI on September 14 at 8:30am ET.</li>
<li>The iPhone 15 launch is ahead.&nbsp;Historically, Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) stock runs going into the launch and is sold after the launch.</li>
<li>There is very heavy demand for ARM (ARM) IPO.&nbsp;The&nbsp;IPO&nbsp;is five times oversubscribed.&nbsp;The price is likely to be raised.</li>
<li>Oracle Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) reports earnings after the close today.&nbsp;Adobe Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) reports earnings on Thursday after the close.&nbsp;The momo crowd is excited about the&nbsp;AI&nbsp;potential of these two companies.</li>
</ul>
</li>
<li>As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.&nbsp;Please scroll down to see the protection band.</li>
</ul>
<h3>Japan</h3>
The Japanese currency yen and Japanese bank stocks are surging on a comment by Bank of Japan (BoJ) Governor Kazuo Ueda indicating that Japan could soon move away from negative interest rates.
As a full disclosure, there are positions in the Japanese yen ETF and a Japanese equity ETF in ZYX Allocation Model Portfolio by The Arora Report.
<h3>Vietnam</h3>
President Biden just completed a successful trip to Vietnam as the&nbsp;<a href="https://zyxbuyfeed.thearorareport.com/tag/u/" rel="tag" title="Click to see other posts for U">U</a>.S. tries to peel Vietnam away from China.&nbsp; The two countries are agreeing on cooperating in AI, cloud computing, and semiconductors.&nbsp;Executives from Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>), Marvell Technology Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvl#NASDAQ">MRVL</a>), Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>), and GlobalFoundries Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gfs#NASDAQ">GFS</a>) attended an important summit.&nbsp;Boeing received a big aircraft order.
Vietnam offers a great opportunity for long term investors.&nbsp;The ETF of choice is&nbsp;VanEck Vietnam ETF&nbsp;(BATS: <a class="ticker" href="https://www.benzinga.com/stock/vnm#BATS">VNM</a>).&nbsp; Buy zones and ratings are in ZYX Emerging by The Arora Report.&nbsp;The Arora Report has continuously covered Vietnam for 16 years.
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Nvidia, Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Alphabet, Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Tesla, and Apple.
In the early trade, money flows are mixed in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is buying stocks in the early trade.&nbsp;Smart money is &#128274;&nbsp;in the early trade.&nbsp;To see the locked content, <a href="https://thearorareport.com/sub">please click here to start a free trial</a>.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp;Smart money is &#128274;&nbsp;in the early trade.
For longer-term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD). The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
The momo crowd is buying oil in the early trade.&nbsp;Smart money is &#128274;&nbsp;in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3>Markets</h3>
Our very, very short-term early stock market indicator is &#128274;.&nbsp;This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding &#128274; in cash or Treasury bills or allocated to short-term tactical trades; and short to medium-term hedges of &#128274;, and short term hedges of &#128274;. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp;High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp;Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls.&nbsp;The Arora Report correctly called the 2008 financial crash, the start of a mega bull market in 2009, the COVID crash, the post-COVID bull market, and the 2022 bear market.&nbsp; Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.

Asia

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ORCL

STLA

Momo Buying Ahead Of CPI, iPhone 15, And ARM IPO; Auto Worker Strike Likely

Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) and Vietnam Airlines announced today the carrier has selected the 737 MAX family to expand its single-aisle fleet, with a commitment to order 50 737-8 airplanes. With enhanced fuel efficiency and
Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Vietnam Airlines announced today the carrier has selected the 737 MAX family to expand its single-aisle fleet, with a commitment to order 50 737-8 airplanes. With enhanced fuel efficiency and environmental performance, the 737 MAX will provide best-in-class flexibility for&nbsp;Vietnam&#39;s&nbsp;growing aviation market. The commitment was announced during a signing ceremony with President&nbsp;Joe Biden, Secretary of State&nbsp;Antony Blinken, White House officials and Vietnamese government leaders on&nbsp;Monday, Sept. 11.

Vietnam Airlines Taps 50 Boeing 737 MAX Airplanes to Grow its Fleet

Signal(s) to enter, add, reduce, exit, hold or change.
<h3>GDP</h3>
India&#39;s GDP grew by 7.8% in the April - June period vs. 7.7% consensus.&nbsp;This is a very strong growth number and the fastest in a year.
<h3>India Vs. China</h3>
India is ascendant.&nbsp; As a comparison, we previously shared with you in the Morning Capsule dated July 17 that China&#39;s GDP grew by 6.3% year-over-year vs. 7.1% consensus.&nbsp; In China&nbsp;the growth was slower than expected.
The ETF&#39;s of choice are&nbsp;iShares China Large-Cap ETF (ARCA: FXI) and&nbsp;Xtrackers Hvst CSI 300 China A-Shs ETF&nbsp;(ARCA: ASHR).
<h3>G-20</h3>
The G-20 summit is in India next week.&nbsp; G-20 represents the world&#39;s 20 largest economies.&nbsp;President Biden is attending.&nbsp;There was hope that Biden and China&#39;s President Xi would meet in India.&nbsp; Now, there are reports that Xi is likely to skip the summit.&nbsp; For the longest period, China was the fastest growing economy.&nbsp;Now, India is eclipsing China.&nbsp;There is speculation that the reason behind Xi skipping the meeting is increasing rivalry between India and China.
<h3>Supply Chain</h3>
Corporations are rapidly shifting supply chain out of China.&nbsp;India is a beneficiary.&nbsp;Other beneficiaries are Vietnam, Indonesia, Thailand, and Malaysia.
The ETF&#39;s of choice are&nbsp;VanEck Vietnam ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/vnm#BATS">VNM</a>),&nbsp;iShares MSCI Indonesia ETF (ARCA: EIDO),&nbsp;Ishares Msci Thailand Etf (ARCA: THD), and&nbsp;iShares MSCI Malaysia ETF (ARCA: EWM).
<h3>Analysis</h3>
India is suitable for both strategic and tactical positions.&nbsp;India is the best growth story among large economies in the world.
India&#39;s long term future is bright, but in the short term, the market is technically overbought and valuations are expensive.
<h3>ETF</h3>
The ETF of choice is WisdomTree India Earnings ETF (ARCA: EPI).
<h3>Zones</h3>
The buy zone is &#128274;.&nbsp;To see the locked content, please click here to start a free trial.
The short term rating is &#128274;.
The medium term rating is &#128274;.
The long term rating is a &#128274;.
<h4>What To Do Now</h4>
Those in India ETF&nbsp;EPI&nbsp;may consider continuing to hold.&nbsp;Those not in&nbsp;EPI&nbsp;may consider following the parameters given above.
The Arora Report is known for its accurate calls.&nbsp;The Arora Report correctly called the 2008 financial crash, the start of a mega bull market in 2009, the COVID crash, the post-COVID bull market, and the 2022 bear market.&nbsp;Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>. 
This content is for informational purposes only and is not intended to be investing advice.

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