Asian stocks boom, Nikkei 225 and Kospi hit record highs

Asian stock markets rose sharply in the morning session of October 29, amid signs of cooling in US-China trade tensions and the possibility of an imminent US interest rate cut.

A screen displaying stock indexes in Tokyo, Japan, September 12, 2025. Photo: Kyodo/VNA

At 10:50 a.m. Vietnam time, the Nikkei 225 index in Tokyo rose 2% to 51,250.21 points, while the Kospi index in Seoul rose 1.4% to 4,067.04 points. Both indexes hit record highs during the session.

In China, the Shanghai Composite Index in Shanghai added 0.4% to 4,002.83 points, while the Hong Kong market was closed for a holiday.

Green was also recorded in the Indonesian market, with the Jakarta Composite Index (JCI) starting the trading session at 8,107 points, up 15 points, or 0.18%, and fluctuating within the range of 8,081 - 8,115 points.

In Vietnam, the VN-Index increased 1.19 points, or 0.07%, to 1,681.69 points, while the HNX-Index increased 2.27 points, or 0.75%, to 269.05 points.

This increase occurred before the US Federal Reserve (Fed) policy announcement on the afternoon of October 29 (local time). Observers predicted that the Fed would announce a decision to cut interest rates by 0.25 percentage points.

The market rally was also fueled by growing confidence in the possibility of reaching a deal to avoid a trade war between the world's two top economies .

Before arriving in South Korea, Mr. Trump told reporters aboard Air Force One that he expected “a lot of issues to be resolved” in his first face-to-face discussion with Mr. Xi Jinping since returning to the White House this year.

The two leaders are expected to meet on October 30 on the sidelines of the Asia- Pacific Economic Cooperation (APEC) Summit in Gyeongju, South Korea.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-bung-no-chi-so-nikkei-225-va-kospi-lap-dinh-lich-su-20251029112501794.htm