Tech stocks rally, sending Nikkei 225 to record high

Rising tech stocks pushed Japan's Nikkei 225 index to a record high on Wednesday, while most other markets in the region fell after recent record gains.

A screen displaying stock indexes in Tokyo, Japan, September 12, 2025. Photo: Kyodo/VNA

The Nikkei 225 reversed an early decline to rise 0.2% to an all-time high of 52,636.87. Hong Kong's Hang Seng Index rose 0.1%, while China's domestic blue-chips fell 0.1%. However, South Korea's Kospi index fell 1.5% after rising 2.8% on Tuesday to a record high. Australia's S&P/ASX 200 Index fell 0.8% to a one-month low.

Market sentiment was weighed down by some weakness in US economic data, while divergent views from US Federal Reserve officials have reduced the likelihood of a rate cut in December.

Fed officials expressed mixed views on the state of the economy and the risks it faces on November 3, while official economic data remained delayed due to the federal government shutdown. Fed Governor Stephen Miran reiterated the case for deep rate cuts, while Chicago Fed President Austan Goolsbee expressed concern about further rate cuts while inflation remains significantly above the 2% target.

The Fed cut interest rates last week, but Fed Chairman Jerome Powell said it could be the last rate cut this year.

Meanwhile, a survey by the Institute for Supply Management showed that US manufacturing activity fell for the eighth consecutive month in October 2025, as new orders remained low.

Traders now see a 65% chance the Fed will cut rates in December, up from 94% a week ago, according to CME FedWatch.

Meanwhile, the Reserve Bank of Australia (RBA, central bank) decided to keep its key interest rate unchanged at 3.6% amid rising inflation.

In the domestic market, at the end of the morning session on November 4, the VN-Index decreased by 4.47 points, or 0.28%, to 1,612.53 points. The HNX-Index decreased by 2.11 points, or 0.81%, to 257.07 points.

Source: https://baotintuc.vn/thi-truong-tien-te/co-phieu-cong-nghe-tang-gia-dua-chi-so-nikkei-225-len-muc-cao-ky-luc-20251104120813728.htm