Asian stocks react positively as US government resumes operations

Photo caption — An electronic board displays the Nikkei 225 stock index in Tokyo, Japan. Photo: Kyodo/VNA

At the end of this session in Japan, Tokyo's Nikkei 225 Index increased 0.4% to 51,281.83 points.

Similarly in the Chinese market, Hong Kong's Hang Seng Index rose 0.6% to 27,073.03 points at the close. The Shanghai Composite Index in Shanghai also advanced 0.7% to 4,029.50 points.

Seoul, Mumbai, Manila, Bangkok and Jakarta were also in the uptrend. However, Sydney, Singapore, Wellington and Taipei (China) fell.

Investors will now have access to economic reports that were delayed during the shutdown, which are crucial for the Federal Reserve as it decides whether to cut interest rates next month.

But Stephen Innes of SPI Asset Management notes that reopening the US government doesn’t mean the real economy will immediately return to normal. When a system is understaffed and hasn’t been paid for six weeks, the aftershocks from the shutdown won’t go away just because a bill is passed.

Concerns also continue to grow that this year's Artificial Intelligence (AI)-led rally may have pushed valuations too high, leading to a bubble in the tech sector that could burst at any time.

Some have warned that the hundreds of billions of dollars invested in AI is overkill, and that the returns will take time to materialize. Observers say the recent dismal performance of some major tech companies could be a sign of that, with the Nasdaq technology index in the US falling over the past two days.

In the domestic market, at the end of the trading session on November 13, the VN-Index decreased by 0.42 points (0.03%) to 1,631.44 points. The HNX-Index increased by 1.50 points (0.57%) to 266.29 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-phan-ung-tich-cuc-khi-chinh-phu-my-noi-lai-hoat-dong-20251113154341079.htm