Japanese stocks hit record high

VTV.vn - Asian stocks rose sharply on the morning of October 27, as US-China trade tensions cooled down, helping the Nikkei 225 index surpass 50,000 points for the first time and the Kospi surpass 4,000 points.

Outside the Tokyo Stock Exchange (TSE) in Tokyo, Japan. Photo: VNA

Easing trade tensions between China and the US fueled a sharp rise in stock prices on the morning of October 27th, with Japan's Nikkei 225 index surpassing 50,000 points for the first time and South Korea's Kospi index exceeding 4,000 points for the first time.

Asian stock markets surged as signs of easing trade tensions between China and the U.S. boosted risk appetite in a volatile week marked by central bank meetings and earnings reports from large-cap companies.

The MSCI index of Asia- Pacific stocks (excluding Japan) rose 1.3%. In the first 15 minutes of trading, the Nikkei 225 gained 948.64 points, or 1.92%, to 50,248.29, while the Kospi rose 81.55 points, or 2.07%, to 4,023.14, on hopes that the US and China would soon reach a comprehensive trade agreement. In China, the Shanghai Composite index rose 0.48%, opening at 3,969.22.

Top economic officials from China and the United States discussed a framework trade agreement on October 26th, which U.S. President Donald Trump and his Chinese counterpart Xi Jinping could decide on later this week during their planned meeting in South Korea. A trade deal would temporarily halt additional U.S. tariffs on Chinese goods and China's controls on rare earth exports, helping to ease investor concerns about escalating trade tensions between the world's two leading economies.

Charu Chanana, chief investment strategist at Saxo, believes investors will want to wait for confirmation of the US-China trade deal, and that signals of stimulus and reform from China will translate into clear growth drivers. Meanwhile, Chris Weston, research director at Pepperstone, says a trade deal wouldn't be a surprise to the market as it was largely anticipated. However, buying activity could fuel price increases for risk-sensitive assets throughout the week.

Investors will also focus this week on central bank meetings in Japan, Canada, Europe and the US. The US Federal Reserve is widely expected to cut interest rates by 25 basis points after data showed consumer prices rose less than expected in September, but the government shutdown and the impact on the release of the data remain a concern. The European Central Bank and the Bank of Japan (BoJ) are both widely expected to leave interest rates unchanged later this week. While the BoJ may debate whether conditions are ripe for further rate hikes as fears of a tariff-induced recession have eased, political uncertainty could delay this for now.

Meanwhile, the most hectic period of US corporate earnings reporting season is approaching, with major market capitalization companies like Microsoft, Apple, Alphabet, Amazon, and Meta Platforms all set to release their results this week. While the earnings of the "Big Seven," a group of massive companies whose stocks lead stock indices, are narrowing compared to the rest of the index, these companies are still expected to report more positive results during this period.

Source: https://vtv.vn/chung-khoan-nhat-ban-lap-ky-luc-100251027142007627.htm