Asian stocks fall on tech bubble fears

Asian stock markets fell across the board on the afternoon of November 4 as investors worried that tech stocks on Wall Street may be forming a bubble. In addition, mixed signals from US Federal Reserve officials also added to market uncertainty about the upcoming interest rate decision.

An electronic board displays the KOSPI stock index at Hana Bank in Seoul, South Korea on April 7, 2025. File photo: THX/TTXVN

In Tokyo, the Nikkei 225 index fell 1.7% to close at 51,497.20 points. The Hang Seng index of the Hong Kong market (China) fell 0.8% to end the session at 25,952.40 points. In Shanghai, the Shanghai Composite index fell 0.4% to close at 3,960.19 points. The stock markets in Sydney, Seoul, Singapore, Taipei (China), Mumbai and Bangkok also fell. However, the markets in Wellington, Manila and Jakarta recorded growth.

Comments from Fed officials failed to spur demand for stocks, after Fed Chairman Jerome Powell stressed last week that the likelihood of a third rate cut this year remained uncertain.

Even after the April 2025 tariff hit, global stocks have added $17 trillion in value, with the rally seemingly concentrated in a handful of large technology companies, according to Stephen Innes, managing director at SPI Asset Management. A wave of investment in artificial intelligence (AI) has been key to driving the global tech stock rally this year, sending the value of these stocks to all-time highs.

In Vietnam, at the end of the trading session on November 4, the VN-Index increased by 34.98 points to 1,651.98 points - the strongest increase since the beginning of October 2025. The HNX-Index also increased by 6.73 points to 265.91 points.

Source: https://baotintuc.vn/kinh-te/chung-khoan-chau-a-giam-diem-do-lo-ngai-bong-bong-cong-nghe-20251104170059162.htm