Prospects of US government reopening give Asian stocks a boost

Photo caption — A trader works at a securities company in Tokyo, Japan. Photo: Kyodo/VNA

At the close, Japan's Nikkei 225 index rose 1.3% to 50,911.76 points. In China, Hong Kong's Hang Seng index rose 1.6% to 26,649.06 points, while Shanghai's Shanghai Composite index rose 0.5% to 4,018.60 points.

In the Korean stock market, the Kospi index rose more than 3% and surpassed the 4,000 point mark again, after the Government and the ruling party reached a consensus on lowering the tax ceiling on income from dividends. The index closed at 4,073.24 points, up 3.02% from the end of last week. Previously, the Kospi index had fallen below 4,000 points for the first time in 10 sessions since reaching a historic peak on October 27.

On the evening of November 9 (local time, or the morning of November 10 Vietnam time), the US Senate passed a federal budget bill, marking a major step towards ending the longest government shutdown in the country's history, lasting more than 40 days since October 1. After being passed by the Senate, the bill needs to be approved by the House of Representatives before being sent to President Donald Trump for signature.

The reopening of the government will allow officials to resume releasing key economic data, including labor market data, which will be crucial for the Federal Reserve as it considers whether to cut interest rates again next month. Traders have been forced to use private sector data to gauge the state of the economy, with a report from employment services firm Challenger, Gray & Christmas last week showing U.S. layoffs hit a 22-year high in October 2025. That has fueled speculation of another rate cut. Chris Weston at Pepperstone said the market now sees a 67% chance of a rate cut in December.

Investors had grown increasingly concerned about the financial impact of the US government shutdown, which has halted some government services and disrupted air travel ahead of the Thanksgiving holiday.

Meanwhile, a University of Michigan survey last week showed consumer confidence fell in November 2025 compared with October 2025.

While the market rebounded earlier in the week, traders have recently been concerned about tech valuations amid talk of an AI bubble after this year’s meteoric rise. The prospect of the US government reopening has helped ease those concerns.

In Vietnam, at the end of the session on November 10, the VN-Index decreased by 18.56 points, or 1.16%, to 1,580.54 points, while the HNX-Index decreased by 1.93 points, or 0.74%, to 258.18 points.

Source: https://baotintuc.vn/thi-truong-tien-te/trien-vong-mo-cua-chinh-phu-my-tao-da-tang-cho-chung-khoan-chau-a-20251110165924614.htm