On October 16, 2025, financial markets across Asia displayed a dynamic interplay of caution and optimism, with both currency and stock markets sending mixed signals about the near future. Investors in Vietnam and forex traders watching the British pound and Swiss franc found themselves navigating choppy waters, each market reflecting distinct pressures and opportunities.
In the world of foreign exchange, the GBP/CHF currency pair captured attention after staging a notable reversal from a key support region. According to Action Forex, the pair bounced back from the 1.0665 level—a price point that has repeatedly halted downward moves since April this year. This rebound was not just a random blip; it marked the end of a short-term corrective phase, known in technical circles as the ABC 2 wave, which began at the end of September.
Technical analysts spotted a bullish divergence on the daily Stochastic indicator, a classic sign that a change in momentum might be underway. This divergence, which occurs when prices make new lows but the indicator does not, often suggests that selling pressure is waning and a price increase could be on the horizon. The expectation now, according to Action Forex, is that GBP/CHF will continue its upward march toward the next resistance level at 1.0750. In the often unpredictable world of forex, such technical signals can be both a beacon and a warning—will the rally sustain, or is it just another feint before a reversal?
Meanwhile, Vietnam's stock market presented its own narrative of uncertainty and potential. The VN-Index, the country's primary stock benchmark, experienced a day of contraction and narrow fluctuations on October 15, 2025. According to Sức Khỏe Đời Sống, the index initially rose in the morning session but lost steam and closed down by 0.18%. The VN30-Index, which tracks the 30 largest stocks by market capitalization, fell by 0.2%. The VNMID-Index bucked the trend, rising by 0.81%, while the VNSML-Index slipped by 0.24%.
Market sentiment was described as hesitant, with investors seemingly caught between hope for a renewed uptrend and lingering caution. The Vingroup conglomerate, a bellwether for the Vietnamese market, posted a lackluster performance: VIC dropped by 1.13%, VHM by 2.36%, VRE by 1.99%, and VPL by a notable 3.24%. Other heavyweights like VCB and FPT also lost ground, down 0.95% and 3.03% respectively, exerting a negative pull on the broader index.
Yet, not all was gloom. Banking stock VPB surged by 3.69% after releasing positive third-quarter financial results, a move that helped offset some of the broader market's weakness. Other standouts included VJC, which jumped by 6.95%, and both GEE and GEX, each up 6.97%. KDH also posted a strong gain of 6.9%, while CTG rose by 0.74%. On the HOSE exchange, the best performers were HU1, GEX, GEE, VJC, VPS, KDH, HDG, ORS, CRV, and TNC—names that, for seasoned investors, signaled where the smart money might be flowing.
Foreign investors, however, continued their recent trend of net selling, offloading stocks worth 887 billion VND. The brunt of the selling was felt by FPT (420 billion VND), KDH (262 billion VND), and HDB (170 billion VND). On the flip side, some stocks did attract net buying from overseas: TPB (204 billion VND), SHB (202 billion VND), and VCB (99 billion VND) saw inflows, suggesting that international investors remain selective, if not outright bearish, on certain segments of the market.
Despite the day’s volatility, analysts at Yuanta Vietnam offered a cautiously optimistic outlook. Their report, as cited by Sức Khỏe Đời Sống, suggested that "the market is likely to return to a rising trend soon with technical corrections possibly ending quickly." They pointed to continued interest in large and mid-cap stocks as a positive sign, with the VNMidcaps index in particular showing early signs of entering a clear rising phase. For those playing the short game, Yuanta recommended maintaining a portfolio allocation of 30-50% in equities, with a focus on these larger, more stable names.
Technical corrections, after all, are a common feature of any healthy market. They can shake out weak hands, reset valuations, and set the stage for the next leg up. The fact that both technical indicators and analyst sentiment are aligning—at least for now—gives some hope that the worst of the recent volatility might be behind us. Still, as any seasoned investor knows, markets have a way of surprising even the best-prepared.
Back in the forex arena, the GBP/CHF story is a reminder that support and resistance levels, while not infallible, often act as psychological battlegrounds. With the 1.0665 support holding firm for now, and a technical signal flashing green, traders will be watching closely to see if the pair can indeed reach the 1.0750 resistance. If it does, it could set the tone for broader moves in the currency markets, especially at a time when geopolitical and economic uncertainties remain high across Europe and beyond.
In both Vietnam’s stock market and the GBP/CHF currency pair, the interplay between technical analysis, investor psychology, and fundamental news is on full display. Each market is wrestling with its own set of challenges—be it cautious investors, foreign selling, or corrective waves—but both are showing signs of resilience and the potential for renewed momentum.
For investors and traders alike, the message is clear: stay nimble, keep an eye on the signals, and be ready for both opportunities and risks. After all, in the world of finance, fortunes can change in a heartbeat—and sometimes, all it takes is a single session to turn the tide.
