Tech stocks lead gains, Asian stocks rebound strongly

Photo caption — Investors monitor the stock market index in Jiangsu province, China. Photo: THX/VNA

At the close of trading, the MSCI Asia Pacific index (excluding Japan) rose 0.4%. In China, key indices rose across the board after the conclusion of the Fourth Plenary Session of the Central Committee, which issued a communiqué outlining the 15th Five-Year Plan, prioritizing the construction of a modern industrial system and strengthening the foundations of the economy.

In China, the Hang Seng index (Hong Kong) rose 0.6% to 26,122.1 points, and the Shanghai Composite index (Shanghai) gained 0.4% to 3,938.98 points – its highest level since August 2015. The blue-chip CSI300 index also rose 0.7%, heading for its best trading week in two months.

In Japan, the Nikkei 225 index surged 1.5%, closing at 49,380.25 points, recovering strongly from the previous day's decline. Technology stocks led the gains, supported by optimism following news of the US-China summit.

Data released on the same day showed that Japan's core inflation rose to 2.9% in September 2025, up from 2.7% the previous month. Despite continued price pressures, analysts believe the Bank of Japan (BoJ) is likely to maintain current interest rates at its meeting next week, in line with the views of the new Prime Minister , Sanae Takaichi, who supports loose monetary policy to boost growth.

In Southeast Asia, the Jakarta Composite index (Indonesia) rose 0.5% and set a new record. The Kospi index (South Korea) also surged 2.3%, reaching 3,935.75 points – its highest level in months. Conversely, the S&P/ASX 200 index (Australia) edged down less than 0.1% to 9,027 points, after preliminary data showed the Purchasing Managers' Index (PMI) for manufacturing in October 2025 reached only 49.7 points, down from 51.4 in September 2025 – reflecting signs of a slowdown in industrial activity.

In the corporate market, positive quarterly earnings reports from major corporations continued to boost global investor sentiment. Intel shares surged in after-hours trading on October 23 (US time) after releasing better-than-expected earnings results. Tesla shares also rose 2.3% despite lower-than-expected earnings, but revenue exceeded analysts' estimates.

Investors expect U.S. companies to continue their profit growth momentum, thereby supporting valuations after the S&P 500 index surged 35% from its April 2025 low.

In the US, the government remains shut down, delaying the release of much economic data. Investors are now focusing their attention on the Consumer Price Index (CPI) report to be released on October 24th (US time), which is seen as a key policy indicator for the Federal Reserve meeting next week.

Skye Masters, Head of Market Research at National Australia Bank, commented: “The market now almost believes the Fed will cut interest rates next week, based on the uncertainty in the labor market. But the bigger question is how the agency will act at its December 2025 meeting.”

According to the schedule, President Donald Trump will depart for Malaysia on October 24th, before visiting Japan and South Korea, where he is expected to meet with President Xi Jinping on October 30th, just before the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea from October 31st to November 1st.

The meeting took place amid escalating US-China trade tensions and with only one week remaining until the November 1 deadline – the date the US is expected to impose additional tariffs of 100% on goods imported from China.

In the domestic market, at the close of trading on the afternoon of October 24th, the VN-Index fell slightly by 3.88 points, or 0.23%, to 1,683.18 points. The HNX-Index rose by 0.5 points, or 0.19%, to 267.28 points.

Source: https://baotintuc.vn/thi-truong-tien-te/co-phieu-cong-nghe-dan-dat-da-tang-chung-khoan-chau-a-phuc-hoi-manh-20251024165950880.htm