Asian stock markets rose on the morning of November 12.

Asian stock markets rose early on November 12, as the US government shutdown appeared to be nearing an end and fresh jobs data raised the possibility of a third straight interest rate cut by the Federal Reserve.

An electronic board displays the Nikkei 225 stock index in Tokyo, Japan. Photo: Kyodo/VNA

MSCI's broadest index of Asia- Pacific shares outside Japan rose 0.1%. Japan's Nikkei 225 rose 0.2% to 50,927.29. China's Shanghai Composite rose 0.3% to 4,015.03. Hong Kong's Hang Seng Index rose 1.1% to 26,983.76.

After the Senate passed the measure, the US House of Representatives is preparing to vote on a measure that could restore funding to government agencies and end the government shutdown. The spending bill, if passed by the House, will be sent to President Donald Trump for his signature, with the hope that services can resume as early as November 14.

The government shutdown, which began on October 1 and is now the longest in US history, has left 1 million federal workers without pay, food aid for low-income Americans in jeopardy and thousands of flights canceled. A host of key figures have also yet to be released, making it difficult for the Fed to make policy decisions.

In the absence of data from federal government agencies, traders focused on weekly employment data from human resources management company ADP released on November 11 that showed private businesses cut an average of 11,250 jobs per week in the four weeks ended October 25.

Earlier, some reports showed the labor market was weakening, putting pressure on the Fed to cut interest rates, even as it wants to control persistently high inflation.

Traders are increasing bets that the Fed will continue easing policy. According to CME Group's FedWatch tool, there is a 68% chance that the Fed will cut interest rates by 25 basis points at its next meeting on December 10, compared with 62% a day earlier.

In the domestic market on the morning of November 12, the VN-Index increased by 3.73 points, or 0.23%, to 1,597.34 points. The HNX-Index increased by 1.64 points, or 0.63%, to 262.72 points.

Source: https://baotintuc.vn/thi-truong-tien-te/cac-thi-truong-chung-khoan-chau-a-tang-diem-phien-sang-1211-20251112112113989.htm