Asia Pacific Markets Mostly Fall after US and Anticipating Rate Decisions

On this Monday morning (18 Sep), most of the Asia Pacific markets have been falling after the US market dropped on earlier Friday night. The market anticipated this week central banks’ rate decisions such as US’s FED, Bank of England and Bank of Japan.


Taiwan’s TWII led the loss train by 1%, lowering the index under 16,760, followed by South Korea’s KOSPI and Australian ASX 200 with both losing 0.7% each, dropping both indices to 2,580 and 7,220, respectively. In contrast, Japan’s NIKKEI is rising by 1.1% over 33,500 and Shenzhen’s SZI is also rising by 0.9% over 10,200.


Meanwhile, the US Futures dropped on Friday as S&P barely hangover 4,500 and NASDAQ is just slightly over 15,400. Both have raised the Volatility index (VIX) over 14 again after making another year low on the previous day.


The energy commodities like WTI crude oil is still over $90 while Brent is also over $94 per barrel. But the natural gas has been dropping to $2.64 per MMBTU. Precious metal like Gold has been rising almost $1,950 per Troy ounce, while the US Dollar index (DXY) slightly losing 105.