Chip stocks lead Asian stocks higher

Most Asian stock markets rose on Monday morning, with chip stocks rising sharply following gains in the US the previous session, although traders remained concerned about US-China trade tensions.

Stock index board in Jakarta, Indonesia. Photo: THX/TTXVN

Japan's Nikkei 225 rose 0.9% to 48,088.07, boosted by chip and artificial intelligence (AI)-related stocks. In China, Hong Kong's Hang Seng Index rose 0.2% to 25,953.67 and Shanghai Composite Index rose 0.1% to 3,914.85 after initial volatility.

Taiwan's benchmark index rose 1.4%, South Korea's Kospi gained 1.8% and Australia's benchmark stock index rose 1.1%, with all three hitting record highs.

Taiwanese chipmaker TSMC will report earnings later in the day, after Dutch chip tool maker ASML reported orders and operating profit for the third quarter of 2025 that beat market expectations, helped by booming AI investments.

Optimism about AI and signs of economic strength from strong earnings reports from US banks have kept stock investors focused, even as Mr Trump declared late on October 15 that the US is “in a trade war with China”, something markets have taken note of from recent sentiments from both sides.

There have been some optimistic signs that trade tensions will ease, with US Treasury Secretary Scott Bessent saying an extension of the current tariff truce was possible, and Mr Trump still expected to meet Chinese President Xi Jinping in South Korea later this month.

However, Kyle Rodda, senior financial market analyst at Capital.com, said the situation will only fully subside when China withdraws its threat to restrict rare earth exports and the US reverses its decision to increase tariffs by 100% on Chinese goods scheduled for November 1. Until then, concerns will remain in the market.

In the domestic market on the morning of October 16, the VN-Index increased by 2.31 points, or 0.13%, to 1,760.26 points. The HNX-Index increased by 1.17 points, or 0.42%, to 277.29 points.

Source: https://baotintuc.vn/thi-truong-tien-te/co-phieu-cac-cong-ty-chip-dan-dat-da-tang-cua-chung-khoan-chau-a-20251016122235406.htm