On Friday morning (27 June, 9:26 AM, GMT+7, Bangkok time), most indices in Asia Pacific showed an upward trend, mirroring an upbeat session in U.S. markets as concerns over imminent tariffs eased following reassurances from the White House.
The so-called “liberation day” tariffs are scheduled to come into force on July 8, following a 90-day suspension, while July 9 marks the cutoff for the European Union to secure an agreement and avoid the introduction of 50% tariffs. However, White House spokesperson Karoline Leavitt indicated that these deadlines could be flexible, suggesting any possible extensions would be determined by the U.S. President Donald Trump.
Japan’s NIKKEI jumped by 1.48% to 40,171.71. Australia’s ASX 200 rose by 0.16% to 8,564.1, while South Korea’s KOSPI dropped by 0.28% to 3,070.82.
As for stocks in China, Shanghai’s SSEC grew by 0.35% to 3,460.64. Hong Kong’s HSI increased by 0.45% to 24,434.63, and Shenzhen’s SZI expanded by 0.93% to 10,439.96.
The U.S. stock markets edged up on Thursday as the Dow Jones Industrial Average (DJIA) gained 0.94% to 43,386.84. NASDAQ added by 0.97% to 20,167.91, and S&P 500 was up by 0.8% to 6,141.02. VIX declined by 1.01% to 16.59.
As for commodities, oil prices settled higher on Thursday, supported by a decline in U.S. crude inventories driven by increased demand during the summer driving season. However, gains were limited as worries about supply disruptions in the Middle East subsided. Brent futures climbed 5 cents or 0.07% to $67.73 a barrel, and the West Texas Intermediate (WTI) escalated 32 cents or 0.49% to $65.24 per barrel.
This morning, Brent futures rose 39 cents or 0.58% to $68.12 a barrel, and the WTI futures surged 43 cents or 0.66% to $65.67 per barrel.
Meanwhile, gold futures fell by 0.52% to $3,330.7 per Troy ounce.
