“This decline was inevitable, and one wonders why it took so long,” said Fawad Razaqzada, an analyst at City Index and FOREX.com. “A number of factors came together at once – from hopes that the US and China would agree to extend the trade deal, to a recovery in the US dollar and generally positive risk sentiment.”
In the US stock market, the Dow Jones Industrial Average rose 0.47% to 46,924.74 points, setting a new record. Meanwhile, the S&P 500 was almost flat and the Nasdaq Composite fell slightly by 0.16%. Positive business results from leading US companies supported the market, with General Motors shares jumping about 15% after the carmaker announced better-than-expected profits and raised its full-year forecast thanks to lower tariff costs.
Asian stocks also rose, with Hong Kong and Shanghai indexes closing up more than 1%. Japan's Nikkei hit a record high after Sanae Takaichi was elected prime minister , becoming Japan's first female prime minister. The Japanese yen fell to a one-week low on expectations of a slower pace of interest rate hikes.
In Europe, the Paris stock market set a new intraday and closing record, boosted by a nearly 20% surge in financial services company Edenred after reporting sales that beat expectations.
Meanwhile, world oil prices also increased slightly, with Brent crude up 31 cents, or 0.5%, to close at $61.32 a barrel, while US WTI crude oil increased 30 cents, or 0.5%, to close at $57.82 a barrel.
Investors are focusing on a planned meeting between US President Donald Trump and Chinese President Xi Jinping at the APEC summit in South Korea next week. Mr. Trump said he expected to reach a “good” trade deal with Mr. Xi, although the meeting is still uncertain.
Source: https://baotintuc.vn/thi-truong-tien-te/gia-vang-the-gioi-lao-doc-thi-truong-chung-khoan-dien-bien-trai-chieu-20251022065317323.htm
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