Asian stocks rise on optimism about US-China trade

Asian stock markets rose on Monday morning after the White House confirmed that US President Donald Trump will meet Chinese President Xi Jinping next week, a development that brought optimism about easing trade tensions between the world's two largest economies.

Stock index board in Tokyo, Japan. Photo: Kyodo/TTXVN

Japan's Nikkei 225 rose 1.35% to 49,299.12. In China, Hong Kong's Hang Seng rose 0.7% to 25,139 and Shanghai's Shanghai Composite rose 0.3% to 3,935.37. Seoul, Singapore, Wellington, Manila and Jakarta also rose.

Stock markets have been volatile amid renewed trade war fears, after Trump threatened to impose 100% tariffs on Chinese goods in response to China’s controls on rare earth exports. However, tensions have eased, and on October 23, White House Press Secretary Karoline Leavitt announced that Trump will meet his Chinese counterpart on October 30, on the sidelines of the Asia- Pacific Economic Cooperation summit in South Korea.

Hong Kong and Shanghai markets also got a boost from China's leadership's pledge to "vigorously promote consumption" over the next five years, as the country tries to boost economic growth hit by slowing domestic spending, a lingering property crisis and a trade war with the United States.

Investors are awaiting US consumer price data due later in the day, which was delayed due to the government shutdown. However, while the data will be closely watched due to its impact on Federal Reserve policy, markets generally expect the Fed to cut interest rates again at its meeting next week.

In the domestic market, at the end of the morning session on October 24, the VN-Index decreased by 14.34 points, or 0.85%, to 1,672.72 points. The HNX-Index decreased by 1 point, or 0.37%, to 265.78 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-tang-diem-nho-su-lac-quan-ve-thuong-mai-my-trung-20251024132745414.htm