On Thursday morning (6 November, 9:27 AM, GMT+7, Bangkok time), major indices in Asia Pacific advanced, mirroring the upward movement on Wall Street as investors re-entered the market following a short-lived decline in technology stocks. Furthermore, traders also assessed the latest jobs data from the U.S.
Job creation at U.S. private companies in October barely ticked upward, with payroll processor ADP reporting an increase of just 42,000 positions. This modest uptick marks the first advance in ADP’s figures since July, following a 29,000 job decrease in September. However, the data suggests hiring remains sluggish despite a slight improvement over some previous months.
Market participants also kept a close watch on companies exposed to President Donald Trump’s tariff measures, amid heightened scrutiny of his flagship economic policies. On Wednesday, the Supreme Court subjected Trump’s economic agenda to intense questioning during nearly three hours of deliberations, signaling a potential move to impose meaningful constraints on his initiatives.
According to market analysts, while the legal developments surrounding Trump’s trade approach are likely to remain on investors’ radars, they do not anticipate a significant shift in trading behavior unless concrete actions follow these judicial proceedings.
Japan’s NIKKEI rose by 0.83% to 50,628.36. South Korea’s KOSPI grew by 0.54% to 4,026.07, and Australia’s ASX 200 climbed by 0.09% to 8,809.70.
As for stocks in China, Shanghai’s SSEC increased by 0.42% to 3,985.98. Shenzhen’s SZI added 0.62% to 13,304.99, and Hong Kong’s HSI gained 0.79% to 26,140.30.
The U.S. stock markets edged up on Wednesday as the Dow Jones Industrial Average (DJIA) surged by 0.48% to 47,311. NASDAQ expanded by 0.65% to 23,499.79, and S&P 500 escalated by 0.37% to 6,796.29. VIX slumped by 5.21% to 18.01.
As for commodities, oil prices settled lower on Wednesday, reaching their lowest point in two weeks as worries about a potential global oversupply weighed on the market. However, the losses were partially offset by data indicating robust fuel demand in the United States. Brent crude futures ended the session down 92 cents, or 1.43%, at $63.52 a barrel, while U.S. West Texas Intermediate crude finished 96 cents, or 1.59%, lower at $59.60.
This morning, Brent crude futures edged up 7 cents, or 0.11%, to $63.59 per barrel, and the WTI gained 7 cents, or 0.12%, to $59.67 per barrel.
Meanwhile, gold futures slid by 0.16% to $3,986.60 per Troy ounce.
