Asia Pacific Markets Trade Higher as South Korea Maintains Interest Rates

On this morning of Thursday (24 Aug), most of major Asia-Pacific indices traded in a positive territory after South Korea’s central bank policy rate remained unchanged at 3.5%. Leading the pack by Taiwan with +1.4% to 16,800 level, followed by Hong Kong’s HSI over +1.1% to 18,000 level and today star, KOSPI went up by +1% to 2,530 point.

While China’s Shenzhen move up by +0.7% to 10,220 and Singapore’s STI up by +0.4% to 3,180 zone, same as Nikkei , up by +0.4% over 32,100 level. The only one who went down is New Zealand’s NZX 50, drop by -0.5% to touch 11,500 level.

On the other hand, US S&P 500 Future went by +0.6%, back up over 4,470 zone while NASDAQ almost double that rate at over +1.1%, swung back to 15,370 zone. Another significant movement came from gold price, swung back to touching the $1,950 level with +0.8%.