Vietnam’s Vanguard 🇻🇳


September 28, 2026 | Finliti | Free Subscriber 😃

Vietnam’s Vanguard 🇻🇳 Vietnam’s entry into FTSE Russell’s emerging-market indexes marks a milestone in its long campaign to attract foreign investment, potentially bringing billions of dollars into its stock market.

Highlights

🌏 Vietnam joined FTSE Russell’s emerging-market indexes.

₿ Bitcoin climbed above US$86,000 before cooling.

🧬 Surrozen shares more than doubled as traders focused on an FDA application that could unlock financing for its experimental eye treatment.

US Markets 🇺🇸 Growth Stocks Meet Rising Yields

Wall Street spent the week eyeing record highs while keeping a close watch on oil and bond yields. The S&P 500 jumped 1.5% Monday, coming within 0.4% of its record, while the Nasdaq climbed 2.3% on a chip stock surge. Then Wednesday brought a reality check: the S&P 500 fell 0.8% as the 10 year Treasury yield hit 5.11%, its highest since 2007. By Thursday, stocks had steadied, leaving investors with a simple message: The dominance for direction lends itself to the Fed’s interest rate decisions vs. private sector momentum from growth stocks.

What does it mean for you?

The takeaway for investors is a tug of war between strong demand for technology stocks and renewed concerns about inflation. With the 10 year Treasury yield above 5%, higher borrowing costs could make it harder for stocks to keep climbing.

Toronto Stock Exchange 🇨🇦 Materials Selloff Pulls TSX Lower

The Canadian stock market opened the week with a strong showing, as the S&P/TSX gained more than 500 points over Monday and Tuesday, led by technology and mining stocks. The good times did not last. The index plunged nearly 600 points Wednesday as basic materials stocks lost ground, then slipped again Thursday as consumer cyclical stocks weakened. That left the TSX at 35,706.46, giving back much of its early week gains. For Canadian investors, mining and materials proved to be the week’s biggest source of drama.

What does this mean for you?

The week showed how heavily the TSX can depend on mining and materials stocks. Strong gains early in the week were quickly erased when those sectors weakened, highlighting their influence on Canada’s broader market.

Game of Gains Has Entered the Market!

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Crypto ₿ Bitcoin Holds Above US$80,000

Bitcoin started the week with a bang, climbing above US$86,000 to reach its highest level since January. The rally later cooled, but bitcoin remained above the US$80,000 mark as of Thursday. The surge came alongside gains in technology and AI, suggesting investors were feeling more comfortable taking risks. Institutional buying also helped, with Strategy purchasing US$75.7 million worth of bitcoin. Strategy Inc. (formerly known as MicroStrategy, traded under the ticker MSTR) is the corporate entity purchasing US$75.7 million worth of Bitcoin. Led by co-founder and executive chairman Michael Saylor, the business operates as the world's largest corporate holder of the cryptocurrency. Analysts say the comeback is difficult to pin down, but for now, bitcoin has managed to stay well above the US$80,000 line.

What does this mean for you?

Bitcoin’s move above US$80,000 shows renewed investor interest in riskier assets. Its rally alongside technology and meme stocks suggests broader market optimism, while strong institutional buying adds another factor. However, Bitcoin remains sensitive to changing market sentiment and economic conditions.

Emerging Markets 🌏 Vietnam Earns an Emerging-Market Upgrade

Vietnam has joined FTSE Russell’s emerging market indexes after years of changes designed to attract more foreign investors. FTSE estimates the move could bring up to US$6 billion into Vietnam’s stock market. Foreign investors have already started buying more Vietnamese shares, although they are still net sellers overall. The upgrade will happen in stages through 2027, with bigger additions next year. Vietnam is also hoping for a future upgrade from MSCI, but still needs to improve how easily foreign investors can access its market. In short, Vietnam just got a bigger seat at the investing table.

What does this mean for you?

Vietnam’s inclusion could increase international attention and bring more foreign money into its stock market. However, the change will happen gradually through 2027, while foreign ownership limits and other market access issues remain.

Commodity Craze ⛏ Natural Gas Rises Ahead of Cooler Weather

U.S. natural gas prices are climbing as cooler weather approaches. Futures rose 2.6% to an 11 week high on Wednesday as forecasts for cooler temperatures point to stronger heating demand. Lower daily production and rising LNG exports are also supporting prices. Gas inventories remain above the five year average, but that cushion has shrunk after a summer of heavy air conditioning demand. With about 40% of U.S. electricity generated by gas, traders are keeping a close eye on supply, storage and weather forecasts.

What does this mean for you?

Higher natural gas prices could benefit producers, while rising LNG exports point to strong demand. However, prices remain sensitive to weather, production and storage levels, making the market particularly responsive to shifts in supply and demand.

Meme Stock Stalkers 📣 Surrozen Jumps on FDA Speculation

​Surrozen’s (SRZN) stock went from sleepy to wide awake, jumping more than 100% on Thursday as investors piled into the small biotech. The excitement centres on SZN-8141, an experimental treatment for diabetic macular edema. Surrozen submitted the drug’s FDA application earlier this month and expects to begin trials by year-end. Investors are also watching for possible FDA clearance, which could unlock about US$98.6 million in financing. Heavy trading volume suggests momentum traders may be adding fuel to the rally. For a small biotech, that is quite the eye opening day.

What does this mean for you?

Surrozen’s sharp jump highlights the potential impact of FDA developments and investor momentum on small biotech stocks. The company could gain significant financing if its drug application is cleared, but the stock remains highly dependent on clinical and regulatory progress.

Moderate & Mellow Markets ✈️ Starbucks Closes Stores to Improve Margins

​Starbucks (SBUX) is trimming the foam, not just the menu. The coffee giant plans to close 250 underperforming North American stores, mostly by the end of fiscal 2026, taking a US$300-million restructuring hit. It’s also lowering its global store-opening target to about 440 from 600–650. CEO Brian Niccol’s “Back to Starbucks” makeover has delivered four straight quarters of comparable sales growth, with customer traffic improving. Now comes the harder part: turning that momentum into stronger margins before investors’ patience starts brewing away.

What does this mean for you?

The closures signal Starbucks is prioritizing efficiency over rapid expansion. Improving sales and customer traffic are encouraging, but the restructuring cost and lower store growth outlook show the turnaround still carries financial risks, with margins remaining the key test.

ESG 🌱 Glass Lewis and Clarity AI Combine

Glass Lewis and Clarity AI are teaming up to make it easier for investors to understand how companies are run and how they handle environmental and social issues. Glass Lewis focuses on corporate governance and shareholder voting, while Clarity AI provides sustainability data and analysis. The combined company will also open a sustainability and AI centre in Madrid, showing how important Europe has become to sustainable investing. The deal comes as ESG faces political pressure in the U.S. In other words, ESG is getting a European upgrade, with a side of AI.

What does this mean for you?

The deal could mean easier access to governance and sustainability information in one place. It also strengthens the companies’ presence in Europe, where sustainable investing is particularly significant, while highlighting growing demand for integrated ESG data.

🧭 Insurance Corner

When Your Property Policy Skips the Earthquake: Difference in Conditions (DIC) Coverage

DIC coverage is a specialized commercial property policy designed to address certain gaps in standard property insurance. Depending on the policy, it can provide coverage for risks such as flood, earthquake or other perils that are excluded or limited under a primary property policy.

🧩 Use case

A company has property insurance that excludes earthquake damage. It purchases a DIC policy that specifically provides earthquake coverage, subject to the DIC policy’s terms, limits, exclusions and deductibles.

🧠 Simple memory trick

Standard property insurance covers the usual suspects. DIC can cover some of the troublemakers left off the list.

This is not financial advice. Coverage varies by policy wording, exclusions, limits, deductibles and jurisdictional rules. Review the policy and speak with licensed insurance, legal, tax and financial professionals before purchasing or acting.

Jargon Word of the Week

A bull trap happens when it looks like the price of a stock or other investment is going to go up, so people start buying it. But then, the price quickly drops instead, and those buyers can lose money because they got fooled into thinking the market was getting better when it really wasn’t.

In a sentence, please!

“After several days of rising prices, investors rushed to buy shares, only to be caught in a bull trap when the market suddenly fell again.”

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