Asian stocks rose across the board

Photo caption — An electronic board displays the KOSPI stock index at Hana Bank in Seoul, South Korea. Photo: THX/TTXVN

The US dollar edged up as traders awaited the US jobs report, which is expected to provide further clues on Federal Reserve policy.

The rally was centered in tech-heavy markets like Japan, South Korea and Taiwan. Investors reacted positively after Nvidia CEO Jensen Huang said there was strong demand for AI chips from cloud providers and dismissed concerns about an “AI bubble.” Nvidia’s fourth-quarter 2025 revenue forecast, which was much higher than Wall Street expectations, helped to bolster confidence, helping to ease the selling pressure that has persisted in recent sessions.

The MSCI Asia Pacific ex-Japan Index rose 1.1%, pulling away from a one-month low. The gains spilled over into the European open, with the region's futures up 0.8%, Germany's DAX up 0.7% and Britain's FTSE 100 up 0.6%. Earlier, the US market also recovered from a four-session losing streak as investors began to question the severity of AI valuation risks.

Taiwan's market (China) increased 3.2% thanks to the breakthrough of manufacturers in the AI supply chain. In China, the two key stock exchanges, Shanghai and Hong Kong, also "red floor", although the decline was partly offset by the banking, real estate and brokerage groups. At the end of the session, the Hang Seng index decreased 0.4% to 25,736.84 points; Shanghai Composite also decreased 0.4% to 3,931.05 points.

The Japanese market also attracted much attention as news of the largest economic stimulus package since the pandemic sent bond yields soaring and the yen under pressure. The Nikkei 225 index rose sharply by 1,286.24 points, equivalent to 2.65%, to 49,823.94 points, ending a four-day losing streak.

South Korea saw a similar performance as large-cap chip and technology stocks climbed after Nvidia’s strong earnings report, despite the won weakening against the dollar. The KOSPI closed up 1.92% at 4,004.85.

The next focus for the market is the September 2025 US jobs report, which was delayed due to the government shutdown and will be released later in the day. These data could significantly affect expectations for a rate cut at the Fed's December 10 meeting. The probability of a 0.25 percentage point rate cut has fallen to about 33% after the October meeting minutes showed many cautious views surrounding the risk of persistent inflation.

In the domestic market, at 3:30 p.m. on November 20, the VN-Index increased by 6.99 points (0.42%) to 1,655.99 points. The HNX-Index decreased by 0.8 points (0.48%) to 264.23 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-dong-loat-khoi-sac-20251120162424958.htm