Following Wall Street, Asian stock markets fell across the board.

Asian stock markets fell across the board on November 14, following a sell-off on Wall Street, as concerns about the US Federal Reserve's interest rate decision next month and speculation about a tech bubble weakened investor sentiment.

Investors monitor stock indexes in Jiangsu province, China. Photo: THX/TTXVN

All three major indexes on Wall Street ended the previous session in the red. And Asia followed suit, despite a generally positive week. At the break in Tokyo, the Nikkei 225 was down 1.7% at 50,434.54. In China, the Shanghai Composite was down 0.16% at 4,022.89, while the Hang Seng in Hong Kong was down 1.26% at 26,732.99. Sydney and Taipei both lost at least 1%, while Seoul, which has set several records recently, was down more than 2%. Singapore and Wellington were also in the red.

With the US government shutdown story behind us, attention will turn to next month’s Fed policy meeting, where officials will decide whether to cut interest rates again. For much of this year, stocks have been driven by optimism that interest rates would fall despite persistent inflation, and the Fed has done so at its last two meetings.

However, Fed Chairman Jerome Powell signaled last month that a repeat of this scenario in December was not “a given,” while several other policymakers have made similar comments. The latest comments came this week, with three Fed regional presidents expressing concerns about cutting rates while inflation remains stubbornly high.

The comments came as investors awaited the release of economic data delayed by the government shutdown, with a focus on jobs and inflation data, although some of the data is expected to be incomplete.

Chris Weston of forex broker Pepperstone said that in anticipation of the announcement, the market has seen some adjustments to expectations for a 25 basis point rate cut on December 10. He added that the market is pricing in a 52% chance of a cut, down from 60% in the previous session.

The less optimistic outlook for interest rates has added to concerns that the tech sector may be overvalued after an AI-fueled rally this year that has pushed markets to record highs. There is growing concern that the massive amounts of capital invested in AI may take a while to translate into profits.

Chip giant Nvidia's earnings report will be the main focus next week, potentially prompting traders to reduce risk, take profits and sit tight until market trends change and risk appetite returns later in the year, Mr. Weston said.

In Vietnam, this morning, both VN-Index and HNX-Index had little fluctuation and stopped at 1,630.62 points and 266.33 points, respectively.

Source: https://baotintuc.vn/thi-truong-tien-te/noi-got-pho-wall-cac-thi-truong-chung-khoan-chau-a-dong-loat-giam-diem-20251114120153047.htm