Asian stocks surged, following record gains on Wall Street.

Asian stock markets surged in the afternoon session on December 12, following record gains on Wall Street after the latest interest rate cut from the US Federal Reserve (Fed).

Stock market index board in Seoul, South Korea. Photo: Yonhap/VNA

This rally occurred despite renewed concerns about the valuation of technology stocks after industry giants Oracle and Broadcom reported disappointing earnings.

Tokyo's Nikkei 225 index rose 1.4% to 50,836.55 at the close of trading. Hong Kong's Hang Seng index gained 1.8% to 25,976.79. The Shanghai Composite index closed 0.4% at 3,889.35. Stock markets in Sydney, Singapore, and Seoul also rose by more than 1%. Wellington, Taipei, Mumbai, and Manila also advanced. Jakarta edged lower, while Bangkok remained largely unchanged.

Markets ended a mixed trading week with a strong signal. Now, investors are focusing on the US jobs data release next week to gauge the Fed's interest rate policies.

Concerns intensified as chip giant Broadcom's earnings fell short of investor expectations, and its AI revenue outlook disappointed. Broadcom shares dropped more than 4% in after-hours trading. This came just a day after Oracle reported lower-than-expected quarterly revenue and revealed increased spending on data centers to enhance its AI capabilities. Oracle shares ended the New York session down 10.8%.

Traders reacted positively to comments from Fed Chairman Jerome Powell following the December 10 meeting. These remarks were seen as more dovish than expected, but the policy board statement suggested the Fed might pause its fourth interest rate cut in January 2026.

At the close of trading on the afternoon of December 12th, the VN-Index fell 52.01 points (3.06%) to 1,646.89 points in the domestic market; the HNX-Index fell 5.78 points (2.26%) to 250.09 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-tang-diem-manh-theo-da-len-gia-ky-luc-cua-pho-wall-20251212171632437.htm