Asian stocks set for second straight weekly gain

Nikkei 225 Index Performance

Investors entered the morning trading session on the Asia- Pacific stock market on Friday (April 25) with a rather optimistic sentiment after the Trump administration softened its stance on tariffs, raising hopes that trade tensions will ease.

In Japan, the Nikkei 225 rose 1.35% and the Topix rose 1.11%. In South Korea, the Kospi also rose 0.65%, while the small-cap Kosdaq index rose 0.47% as South Korea was seen moving closer to a trade deal with the United States.

Hong Kong's Hang Seng Index rose 1.02%; while mainland China's CSI 300 rose 0.3% and the Shanghai Composite Index rose 0.02%.

Australian markets are closed for a public holiday.

Stock index futures also rose, with S&P 500 futures up 0.3%; Nasdaq-100 futures up 0.4%; Dow Jones futures hovering around the reference level.

Earlier, the US stock market also recorded its third consecutive day of gains on Thursday when all three major indexes closed higher thanks to strong gains in large-cap technology stocks such as Nvidia, Meta, Amazon, Tesla and Microsoft...

Specifically, the S&P 500 closed up 2.03% at 5,484.77 points. The Nasdaq Composite rose 2.74%, closing at 17,166.04 points. The Dow Jones, although lagging due to the impact of IBM's 6.6% decline, still rose 486.83 points, or 1.23%, to 40,093.40 points.

"The rally in stocks over the past two days is a direct result of Donald Trump seemingly changing his stance on tariffs on China, confirming that the US has no cards in this particular poker game," said Christopher Wood, Jefferies' head of global equity strategy.

Louis Navellier, chairman and founder of Navellier & Associates, agreed, saying investors are becoming more comfortable with the uncertainty of tariffs, coupled with strong earnings reports from publicly traded companies. “The market seems to be positioning for a reduction in China’s current high tariffs in the short term,” he added.

Source: https://thoibaonganhang.vn/chung-khoan-chau-a-huong-den-tuan-tang-thu-hai-lien-tiep-163346.html