Tech companies led the rally after a deal between South Korea's two biggest chipmakers and OpenAI fueled a rally driven by artificial intelligence (AI) hype that has helped markets reach record highs.
Notably, the partial shutdown of the US government that began on October 1 due to Congress not approving a new budget has become a positive factor pushing the market up. Analysts predict that this situation could lead to an economic recession, thereby increasing pressure on the US Federal Reserve (Fed) to lower the base interest rate - a factor that the stock market is expecting and positively evaluating.
Accordingly, Japanese stocks ended a four-day losing streak as investors bought on dips. At the end of the session, the Nikkei 225 index in Tokyo increased 385.88 points (equivalent to 0.87%) to 44,936.73 points.
Sydney, Singapore, Wellington, Bangkok, Manila and Jakarta markets also recorded green.
In China, Hong Kong's Hang Seng Index rose 1.61% to 27,287.12 points after traders returned from a midweek break. Shanghai markets were closed for a holiday.
However, Seoul and Taipei (China) were the markets leading the rally in Asian stocks thanks to the breakthrough of chip companies, following news of the deal between OpenAI with Samsung and SK Hynix.
Two South Korean companies said they have signed preliminary agreements with the US firm to supply chips and other equipment for OpenAI's Stargate project, during a visit to Seoul by OpenAI CEO Sam Altman.
Reacting to the news, SK Hynix shares jumped about 12% and Samsung shares jumped about 5%. The gains of these two giants helped the KOSPI index hit the 3,500-point mark for the first time in history. At the end of the trading session, the KOSPI index increased by 93.38 points (equivalent to 2.7%) to a record 3,549.21 points.
Shares of other tech companies in the region also benefited, with Hong Kong-listed stocks Alibaba, Tencent and JD.com all rising between 2% and 4%.
In the domestic market, at the end of the trading session on October 2, the VN-Index decreased by 12.34 points (0.74%) to 1,652.71 points. The HNX-Index decreased by 3.67 points (1.34%) to 269.55 points.
Source: https://baotintuc.vn/thi-truong-tien-te/cu-hich-kep-giup-chung-khoan-chau-a-dong-loat-tang-diem-20251002161732730.htm
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
Comment (0)