Asian stocks turn lower as rally slows

Most Asian stock markets fell on Friday as markets lost momentum earlier boosted by hopes of an end to the US government shutdown.

A screen displaying stock indexes in Tokyo, Japan. Photo: Kyodo/VNA

At the end of the session, in Tokyo, the Nikkei 225 index fell 0.1% to 50,842.93 points. In China, the Shanghai Composite index in Shanghai lost 0.4% to 4,002.76 points.

Red was also recorded in Sydney, Taipei, Manila, Mumbai, Bangkok and Wellington markets.

The Hang Seng Index in Hong Kong (China) also narrowed its previous gains and ended the session with a slight increase of 0.1% to 26,672.41 points.

Stocks started the week on a high note after the US Senate passed a funding bill to reopen the federal government . The bill will now move to the Republican-controlled House of Representatives, where House Speaker Mike Johnson said he expects the bill to be passed as early as November 12 and sent to President Trump for his signature.

Alongside that is a recovery in demand for shares of major technology corporations, despite growing concerns about the risk of a bubble caused by artificial intelligence (AI).

With these dynamics, Asian markets started the session on November 11 by extending the previous session's gains, but then failed to maintain the momentum in the afternoon session.

Market sentiment was also affected by a report in the Wall Street Journal that China plans to block companies linked to the US military from accessing supplies of rare earths. The news comes after President Trump and Chinese President Xi Jinping agreed on a deal to secure supplies of minerals vital for the defense, auto and consumer electronics industries.

Contrary to the general trend in the region, in Vietnam, at the end of this session, the VN-Index increased by 13.07 points, or 0.83%, to 1,593.61 points, while the VN-Index added 2.9 points, or 1.12%, to 261.08 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-quay-dau-giam-diem-khi-da-hung-phan-chung-lai-20251111152207840.htm