Asian stocks fall broadly following Wall Street's decline

Photo caption — Stock index board in Tokyo, Japan. Photo: Kyodo/TTXVN

In Seoul, South Korea's stock market opened sharply lower, ending a six-day streak of record highs. In the first 15 minutes of trading, the KOSPI index fell 49.55 points, or 1.28%, to 3,834.13.

Most large-cap stocks fell. Chip giant Samsung Electronics lost 1.93 percent and rival SK hynix fell 1.66 percent. Shares of leading battery company LG Energy Solution also fell 1.43 percent.

Meanwhile, in Tokyo, the market was also in the red as sentiment was weighed down by the weakness of semiconductor and technology stocks. In addition, concerns about the US-China trade tensions rekindled, putting pressure on the market. Accordingly, the Nikkei 225 index opened down 441.21 points (0.89%) to 48,866.58 points.

Another factor weighing on Japanese stocks this session was speculation that the Bank of Japan (BoJ) would not raise interest rates at its policy meeting next week, after Prime Minister Sanae Takaichi, who favors easy monetary policy, launched her government on October 21.

In China, major indexes also opened lower. The Shanghai Composite Index in Shanghai fell 0.25% to 3,904.16 points. Hong Kong's Hang Seng Index also fell 63.24 points, or 0.25%, to 25,718.53 points at the open.

The declines across Asia were a direct response to Wall Street, where all three major stock indexes fell on Friday following disappointing corporate earnings reports. Prolonged trade tensions between the US and China remain a factor weighing on markets following recent tit-for-tat moves by China and the US.

In the domestic market, at 10:45 a.m. on October 23, the VN-Index increased by 1.02 points (0.06%) to 1,679.52 points. The HNX-Index increased by 0.07 points (0.03%) to 268.76 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-dong-loat-di-xuong-sau-da-giam-cua-pho-wall-20251023111805781.htm