Asia’s top stock market this year is about to become the world’s worst performer this month.
Vietnam’s Ho Chi Minh Stock Index slid 3.2 percent at the close Thursday as trading resumed after a holiday on Wednesday, with foreign investors unwinding their positions in emerging markets and rushing to exit a market that reached a record about two weeks ago.
Thursday’s fall brought the drop so far in April to 11 percent, on course for its worst monthly performance in seven years. The decline wiped out more than $15 billion from the nation’s market capitalization.
“There is a lot of foreign selling on