Asia-Pacific Markets React to U.S.-Vietnam Trade Deal and Its Global Implications
Vietnamese stocks reached their highest in over three years following the announcement of a U.S.-Vietnam trade agreement, which includes a 20% tariff on Vietnamese imports to the U.S., while Vietnam's dong hit a record low against the dollar. The deal has sparked a stock market rally in Vietnam and positive movements in other Asian markets, despite concerns over tariffs and trade imbalances.