Asian stock market benchmark indexes continue to rise, on track to achieve a new record high closing.
Due to the easing of uncertainty related to US tariffs, the strong rebound in the Chinese stock market, as well as the optimistic expectation in the market for the earliest possible rate cut by the Federal Reserve next week, Asian benchmark stock indexes continued to rise, potentially reaching new historical closing highs. The MSCI Asia-Pacific Index rose 0.2% to 220.65 points, with tech stocks such as Alibaba and Samsung Electronics contributing the most. If the index closes at its current level, it will surpass the historical high of 220.64 points set in February 2021. Over the past three months, Vietnam, mainland China, and South Korea's benchmark stock indexes have shown the most outstanding performance in the region.
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