Korean stocks become bright spot in Asia on October 22

Asian stocks had mixed performances on October 22, as South Korean stocks continued their impressive rally, while other markets had less positive developments.

Stock index board in Seoul, South Korea. Photo: THX/TTXVN

In Seoul, South Korea's stock market extended its winning streak to a sixth day and closed at a new record high, led by chipmakers and auto stocks, despite renewed concerns about global trade tensions. The Kospi index ended the session up 59.84 points, or 1.56 percent, to 3,883.68.

In contrast, the Chinese stock market ended the session in the red due to the influence of gold production and trading stocks, while the prolonged Sino-US trade tensions also weighed on market sentiment. US President Donald Trump said he would discuss many issues with Chinese President Xi Jinping in the next two weeks, but also admitted that this potential meeting may not take place.

At the end of the trading session, the Shanghai Composite Index in Shanghai decreased 0.07% to 3,913.76 points. Similarly, the Hang Seng Index in Hong Kong decreased 0.94% to 25,781.77 points.

In Tokyo, the Nikkei index closed almost flat as gains fueled by optimism about the new government of Japanese Prime Minister Sanae Takaichi were offset by profit-taking. The Nikkei 225 index ended the session down 8.27 points, or 0.02 percent, to 49,307.79.

The index opened lower on growing concerns about signs of overheating in the Japanese stock market, after the Nikkei 225 surged more than 3% on October 20 and approached the 50,000 mark the following day. But after profit-taking ended, the index swung into positive territory, buoyed by renewed buying on expectations of economic and fiscal measures by Ms. Takaichi to boost growth in the Japanese economy.

In the Vietnamese market, at the end of the session on October 22, the VN-Index increased by 15.07 points (0.91%) to 1,678.50 points. Similarly, the HNX-Index increased by 4.04 points (1.53%) to 264.05 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-han-quoc-thanh-diem-sang-cua-khu-vuc-chau-a-phien-2210-20251022161959600.htm