Most Asian Stocks Rise on November 11 as Vietnam’s Indexes Diverge

Most Asian stock markets rose on November 11 as a recovery in artificial intelligence related shares lifted sentiment. Vietnam’s indexes ended the session in different directions: the VN-Index rose 3.83 points, or 0.22%, to 1,746.90, while the HNX-Index fell 0.53 points, or 0.21%, to 255.73.

Japanese stocks rose for a third consecutive trading day. The Nikkei 225 closed up 789.01 points, or 1.31%, at 61,248.59. South Korea’s KOSPI reversed an opening decline of 0.56% to close up 136.23 points, or 2.6%, at 5,375.36, its second consecutive daily gain. The MSCI Asia Pacific Index excluding Japan rose 1.9%, also gaining for a third consecutive trading day.

A stock market display in Tokyo, Japan.（VietVance）

Technology shares recovered this week after a sell off last week driven by concerns that the United States might tighten AI regulations. Data center operator CoreWeave forecast revenue of $13 billion to $13.3 billion this year, above analysts’ expectations, and its outlook also improved investor sentiment. Elsewhere in Asia, China’s Shanghai Composite rose 0.46%, while Hong Kong’s Hang Seng Index fell 0.8%. Markets including Sydney and Singapore gained, while Jakarta and Manila declined.

Markets remained focused on US inflation and the outlook for interest rates. The US consumer price index rose 0.4% in October from the previous month, below September’s 0.6% increase but above the market forecast of 0.3%. Investors were concerned that the Federal Reserve might raise rates by more than expected at its December policy meeting.

Source: VietVance