Asian stocks fell across the board following the Wall Street sell-off.

Asian stock markets fell across the board on the afternoon of November 14, following a sell-off on Wall Street due to growing doubts about the US Federal Reserve's interest rate decision next month, along with persistent speculation about a tech bubble.

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

In Tokyo, the Nikkei 225 index fell 1.8% to 50,376.53 points at the close. In Hong Kong (China), the Hang Seng index fell 1.9% to 26,572.46 points. In Shanghai, the Shanghai Composite index fell 1.0% to 3,990.49 points at the close. Stock markets in Sydney, Singapore, Wellington, Bangkok and Taipei all fell at least 1%. Seoul, which has been setting records thanks to technology stocks, fell nearly 4%, while Manila fell more than 2%. Mumbai also recorded red.

With the US government shutdown resolved, investors turned their attention to the Fed's policy meeting next month, when officials will decide whether to continue cutting interest rates.

For much of the year, stocks have been buoyed by expectations of lower interest rates, even though inflation has persisted and the Fed has cut rates at its last two meetings. The latest development came this week when three regional Fed presidents expressed concerns about the likelihood of rate hikes amid high inflation. St. Louis Fed President Alberto Musalem urged caution, saying the Fed has limited room to ease further without making monetary policy too loose. Minneapolis Fed President Neel Kashkari, who called for a pause in October 2025, said economic activity is more resilient than expected. Cleveland Fed President Beth Hammack told the Economic Club of Pittsburgh that the Fed needs to keep rates relatively tight to continue to pressure inflation toward its target.

The comments came as investors awaited a slew of economic data delayed by the record-long government shutdown, with the labor market and inflation taking center stage, although some reports are expected to be incomplete.

Markets have adjusted their expectations for a 25 basis point rate cut on December 10, according to Pepperstone analyst Chris Weston, as they await the release of the data. He said the market now sees a 52% chance of a cut, down from 60% previously.

The bearish outlook for interest rates has fueled concerns that the tech market may be overvalued after a surge in artificial intelligence (AI) that has pushed many indexes to record highs. There is growing concern that the massive capital inflows into AI may take a long time to translate into profits.

Nvidia's earnings results next week will be the focus of attention, possibly prompting investors to take profits and wait until market sentiment improves later in the year, said expert Chris Weston.

In Vietnam, at the end of the trading session on November 14, the VN-Index increased by more than 4 points, to 1,635.46 points, and the HNX increased by 1.32 points to 267.21 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-dong-loat-giam-theo-da-ban-thao-pho-wall-20251114175632473.htm