Asian stock markets regain momentum in late session

Asian stock markets recovered late on October 23 after China said it would start tariff talks with the United States on October 24, easing concerns over reports that the United States could restrict software exports to China.

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

At the close of trading, the Hang Seng Index of Hong Kong (China) increased by 0.7% to 25,967.98 points, while the Shanghai Composite Index of Shanghai (China) increased by 0.2% to 3,922.41 points. Meanwhile, the Nikkei 225 Index of Tokyo (Japan) decreased by 1.4% to 48,641.61 points.

The market had been flat in the morning but recovered after Chinese Vice Premier He Lifeng said he would hold talks with senior US officials in Malaysia from October 24 to 27. The development helped ease recent concerns about Sino-US relations, following reports that the White House was considering restricting exports of a range of software-based products to China, including laptops and jet engines, due to China's rare earth export controls.

China’s rare earth controls have led to tit-for-tat actions with the US, raising fresh concerns about a trade war, including US President Donald Trump’s threat to impose additional tariffs of 100% on Chinese goods. The talks come as Trump is expected to meet Chinese President Xi Jinping next week at the Asia- Pacific Economic Cooperation (APEC) summit in South Korea.

Pepperstone analyst Chris Weston said that the US-China trade talks are unlikely to reach a positive resolution, but Mr. Trump's warning of additional 100% tariffs on Chinese goods is unlikely to take effect on November 1, or if it does, it will be lifted soon and China is unlikely to retaliate with heavy tariffs.

In the domestic market, at the end of the session on October 23, the VN-Index increased by 8.56 points, or 0.51%, to 1,687.06 points. The HNX-Index decreased by 1.91 points, or 0.71%, to 266.78 points.

Source: https://baotintuc.vn/thi-truong-tien-te/cac-thi-truong-chung-khoan-chau-a-lay-lai-dong-luc-vao-cuoi-phien-20251023170954307.htm