Fed meeting, Asian stocks rise

Major Asian stock markets opened higher on the morning of December 10, reversing the decline on Wall Street overnight as the US Federal Reserve began its two-day interest rate policy meeting.

Stock index board in Tokyo, Japan. Photo: Kyodo/VNA

In Japan, the Nikkei 225 index rose 414.99 points (0.82%) to 51,070.09 points in the first 15 minutes of trading, led by technology stocks following the rise of their US rivals, with support from a weak yen helping exporters.

In South Korea, the KOSPI index also recorded green when it increased 6.44 points (0.16%) to 4,149.99 points.

Meanwhile, the Chinese market recorded mixed developments. The Hang Seng Index in Hong Kong edged up 1.26 points to 25,435.49 points, while the Shanghai Composite Index in Shanghai fell 8.39 points (0.21%) to 3,901.13 points.

Earlier, major US indices ended last night's session with a slight decrease as investors worried that the Fed might maintain its "hawkish" tone even if it decides to cut interest rates at its meeting ending on December 10 (local time).

According to data from financial services firm CME Group, the market is betting the Fed has an 87% chance of making a 0.25 percentage point interest rate cut, bringing the key lending rate down to a range of 3.5% - 3.75%.

However, Fed Chairman Jerome Powell has signaled that members of the Federal Open Market Committee remain divided on the future direction of policy, amid a slowing labor market and persistent inflation pressures. Speaking after the last meeting in October, Mr. Powell stressed that a rate cut was not a “natural” outcome.

In the domestic market, at 9:25 a.m. on December 10, the VN-Index decreased by 7.22 points (0.41%) to 1,739.95 points. The HNX-Index increased by 0.22 points (0.09%) to 257.36 points.

Source: https://baotintuc.vn/thi-truong-tien-te/fed-nhom-hop-chung-khoan-chau-a-tang-diem-20251210100000660.htm