Asian markets reverse after record high

Asian stock markets traded in a narrow range on the morning of September 25, as buying activity continued to decline after a strong run that pushed indices to record highs in recent months. Investors are awaiting upcoming data on inflation and employment in the US, which are seen as the next factors affecting the market.

A screen displaying stock indexes in Tokyo, Japan, September 12, 2025. Photo: Kyodo/TTXVN

In Tokyo, the Nikkei 225 index rose 0.2% to 45,719.71 points. In Shanghai, the Shanghai Composite index fell 0.1% to 3,850.15 points. In Hong Kong (China), the Hang Seng index remained unchanged at 26,525.03 points, although shares of technology group Alibaba rose more than 1%, continuing a rise of more than 9% on September 24 after its CEO announced plans to increase spending on the field of artificial intelligence. Alibaba's US-listed shares also rose more than 8%.

Shares of Chery Automobile, China's largest auto exporter, jumped more than 13% on their first day of trading in Hong Kong, after the company raised about $1.2 billion from its initial public offering (IPO).

Sydney and Singapore stock markets edged lower, while Taipei, Seoul and Manila markets were little changed.

Investor sentiment has been buoyed since the market bottomed out following US President Donald Trump’s global tariff move in April 2025. Trade deals and expectations of the US Federal Reserve resuming its rate-cutting program have supported the market’s recovery.

Last week, the Fed announced a rate cut due to a weak labor market and muted inflation. It forecast two more cuts this year. However, while traders expect a period of monetary easing, some Fed officials, including Chairman Jerome Powell, have taken a more cautious stance due to persistently high inflation.

Mr. Powell’s comments this week that stocks are overvalued and there are no completely safe interest rate options have tempered investor excitement on the trading floors.

The Fed will be closely watching the personal consumption expenditures index, a key measure of inflation, due this week, along with the jobs report next week. Economists at Bank of America remain bullish on the market outlook.

In Vietnam, as of 11:30 a.m. on September 25, the VN-Index increased by 0.44 points (0.03%) to 1,657.9 points; the HNX-Index increased by 2.07 points (0.75%) to 279.35 points.

Source: https://baotintuc.vn/thi-truong-tien-te/thi-truong-chau-a-dao-chieu-sau-dot-tang-cao-ky-luc-20250925125731655.htm