President Donald Trump is scheduled to meet with Republican and Democratic congressional leaders later on September 29 to discuss a budget extension. If no agreement is reached, the federal government will shut down on October 1 - the same day the US begins imposing new tariffs on heavy trucks, pharmaceuticals and other goods.
Analysts at Bank of America (BofA) warned that if the shutdown is prolonged, the US Federal Reserve (Fed) may not have enough economic data to make a decision on interest rates at its meeting on October 29. This could make the possibility of an interest rate cut in October slightly less likely, but not significantly.
According to the derivatives market, investors currently rate the possibility of the Fed cutting interest rates in October 2025 at about 90%, and the possibility of another cut in December at nearly 65%.
MSCI's broadest index of Asia- Pacific shares outside Japan rose 0.4 percent, bringing its monthly gain to nearly 4 percent. Japanese stocks fell in Tokyo on Monday as a strong yen weighed on exporters and investors booked profits after receiving end-of-quarter dividend payments. The Nikkei 225 index fell 462.47 points, or 1.02 percent, to 44,892.52, while the Topix index fell 56.63 points, or 1.78 percent, to 3,130.39.
The dollar fell below 149 yen in Tokyo as investors expected the Federal Reserve to maintain its pace of interest rate cuts after the latest inflation data eased concerns about rising prices.
In South Korea, stocks rose more than 1% in late morning trade on expectations that the Fed will continue to ease monetary policy. The KOSPI index rose 40.09 points, or 1.18%, to 3,426.14. In China, the Shanghai Composite index opened at 3,828.17, almost flat. Meanwhile, Hong Kong's Hang Seng index rose 193.37 points, or 0.74%, to 26,321.57.
In the bond market, the yield on the 10-year US government bond held at 4.16%, after being pushed up last week by a series of positive economic data that made investors reduce expectations for the Fed's final interest rate.
BofA estimates that the government shutdown will reduce US economic growth by about 0.1 percentage point per week, and says that in the past the impact on financial markets has been negligible. However, they note that if the US government uses the shutdown to cut payrolls permanently, it could have a noticeable impact on the job market and consumer confidence.
In Vietnam, at the end of the trading session on the morning of September 29, VN-Index increased by 8.06 points (0.49%) to 1,668.76 points, while HNX-Index increased by 0.48 points (0.17%) to 276.54 points.
Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-chau-a-hau-het-tang-diem-phien-dau-tuan-20250929130846873.htm
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