Asian stocks follow Wall Street's record-breaking gains.

Most Asian stock markets rose on December 12, as investors responded to the record-breaking trading session on Wall Street following the latest interest rate cut by the US Federal Reserve.

A screen displaying stock market indices in Tokyo, Japan. (Photo credit/illustration: Kyodo/VNA)

Traders reacted positively to the less hawkish comments from Fed Chairman Jerome Powell following this week's policy meeting, anticipating further rate cuts next year, which pushed the S&P 500 and Dow Jones to new record highs.

Asian markets generally continued this upward trend. At 10:30 AM Vietnam time, the Nikkei 225 index in Tokyo closed lower, up 0.9% at 50,610.04 points. The Hang Seng index in Hong Kong (China) rose 1.24% to 25,848 points. Positive gains were also seen in Sydney, Singapore, Seoul, Wellington, Taipei, and Manila. Meanwhile, the Shanghai Composite index in Shanghai remained almost unchanged at 3,871.78 points.

This surge occurred despite resurfacing concerns about the valuations of the technology sector after two industry giants, Oracle and Broadcom, announced disappointing earnings results.

Markets are on track to close out a volatile trading week in positive territory. All eyes are on next week's US jobs data, as it could provide clues about the Fed's plans for the coming year.

Figures released on December 11th showed that the number of initial jobless claims for the week ending December 6th rose more than expected. This was the sharpest increase in five and a half years, further reinforcing the view that the labor market is cooling down.

In Vietnam, at 10:30 AM, the VN-Index fell 16.9 points, or nearly 1%, to 1,682 points, while the HNX-Index rose 0.14 points, or 0.05%, to 256.01 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-theo-chan-da-tang-ky-luc-cua-pho-wall-20251212112254705.htm