Asian stocks rise despite Wall Street's decline

Major stock markets in Asia mostly opened with gains on the morning of December 2, in contrast to the downward trend of US stocks last night.

A trader works at a securities company in Tokyo, Japan. Photo: Kyodo/TTXVN

In South Korea, the bullish sentiment spread at the start of trading. The Kospi index in Seoul rose 38.52 points, or 0.98 percent, to 3,958.89 points in the first 15 minutes, led by large-cap stocks, especially technology and auto stocks.

In the Japanese market, investors rushed to buy after the previous day's plunge due to concerns that the Bank of Japan (BoJ) could raise interest rates this month. Accordingly, the Nikkei 225 index increased 243.82 points (0.49%) to 49,547.10 points. The main gainers included banks, non-ferrous metals and insurance.

The Chinese market recorded mixed developments. While the Hang Seng Index in Hong Kong increased 155.29 points (0.6%) to 26,188.55 points at the opening, the Shanghai Composite Index in Shanghai decreased slightly by 5.55 points (0.14%) to 3,908.46 points at the beginning of the session.

The positive developments in Asia went against the trend of the US market last night, when Wall Street lost some of the previous week's gains. The main factor influencing investor sentiment was the expectation of the US Federal Reserve's interest rate policy. The market is now betting that the Fed has a nearly 90% chance of cutting interest rates for the third time in a row on December 10.

Against that backdrop, traders are closely watching data on private sector employment, service activity and the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE), all scheduled for release this week.

In the domestic market, at 9:45 a.m. on December 2, the VN-Index decreased by 2.16 points (0.13%) to 1,699.51 points. The HNX-Index decreased by 0.45 points (0.17%) to 257.46 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-khoi-sac-bat-chap-da-giam-cua-pho-wall-20251202101300494.htm