Vietnam Stocks Crash Most In 13 Years As China Tensions Escalate

Vietnam Stocks Crash Most In 13 Years As China Tensions Escalate (ZeroHedge, May 8, 2014):

While most mainstream media is focused on villainizing Putin and the ongoing ‘diplomacy’ in Ukraine, we warned Monday of the dramatically escalating tensions between Vietnam and China over oil-drilling in disputed waters. The initial verbal to and fro – Vietnam angry at the move and China shunning them – was followed by physical interactions (multiple rammings and water-cannon use) and the US then got involved (laying the blame firmly at China’s foot calling the move “provocative”). The capital markets appear a little more concerned about where this ‘tension’ leads as the Vietnamese stock market crashed almost 6% – its largest drop in 13 years.

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