At the close, Japan's Nikkei 225 index rose 608.03 points, or 1.23%, to 50,167.1 points. In China, Shanghai's Shanghai Composite index rose 0.29% to 3,875.26 points, while Hong Kong's Hang Seng index rose 0.1% to 25,952.42 points. South Korea's Kospi index rose 26.04 points, or 0.66%, to 3,986.91 points. Markets in Sydney, Singapore, Taipei, Mumbai, Bangkok and Jakarta also rose.
The recovery in global markets comes after being under pressure this month on concerns that the technology boom of recent years may have been overblown and that the huge sums invested in AI will take time to pay off.
However, those concerns have now been overshadowed by the prospect of rate cuts, as the Fed focuses on the jobs market rather than rising inflation.
Comments from several Fed officials and a series of weak jobs reports have reinforced expectations that next month's policy meeting will end with a decision to cut interest rates.
Meanwhile, the Fed's Beige Book report on economic conditions across the US regions shows a growing divide in consumption, with lower-income people cutting back on spending. The report also said some retailers have been negatively affected by the record-long government shutdown.
Traders were also unimpressed by data showing jobless claims fell, contrary to forecasts for a slight increase.
The market is pricing in an 80% chance that the Fed will cut rates on December 10 and three more times next year. Bloomberg had previously forecast only three rate cuts.
In the domestic market, at the end of the session on November 27, the VN-Index increased by 3.96 points, or 0.24%, to 1,684.32 points. The HNX-Index decreased by 0.48 points, or 0.18%, to 261.43 points.
Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-tiep-noi-da-phuc-hoi-cua-pho-wall-20251127164949371.htm
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