Asia Pacific Markets Rise as Japan’s Producer Prices Exceed Expectations

On Tuesday morning (12 Dec, 9:56 AM, GMT+7, Bangkok time), Asia Pacific major indices soared as Japan’s producer prices surged faster than anticipated in November.


Japan’s NIKKEI rose by 0.58% to 32,983.37. South Korea’s KOSPI increased by 0.27% to 2,532.2, and Australia’s ASX 200 edged up by 0.47% to 7,232.5.

As for stocks in China, Shanghai’s SSEC slid by 0.03% to 2,990.59. Hong Kong’s HSI edged up by 0.5% to 16,282.9, and Shenzhen’s SZI dropped by 0.29% to 9,604.83.


Meanwhile, the US stocks market increased on Monday as the Dow Jones Industrial Average (DJIA) edged up by 0.43% to 36,404.93. NASDAQ rose by 0.2% to 14,432.49, and S&P 500 grew by 0.39% to 4,622.44. VIX increased by 2.27% to 12.63.


As for commodities, oil prices edged a bit higher as oil output from non-OPEC countries is expected to be oversupply next year despite the cut from OPEC+, causing investors to examine the situation.

Brent grew by 0.3% to $76.03 per barrel, and the West Texas Intermediate (WTI) edged up by 0.1% to $71.32 a barrel. 

As for this morning, Brent gained 0.16% to $76.15 a barrel, and WTI grew by 0.22% to $71.48 per barrel. Furthermore, gold futures increased by 0.2% to $1,997.7 per Troy ounce.