Asia Pacific Markets Open Mixed after BoE Maintains Rates

Asia Pacific markets were mixed on this Friday morning (21 Sep) after the Bank of England decided to stand the rate between 5.25% as the Fed also maintained rates the night before. The markets are still anticipating the Bank of Japan rates decision today, while the bearish trend is continuing throughout this week.


Japan’s NIKKEI and Australian ASX 200 led the falling today by losing around 1% under 32,260 and 7000, respectively. South Korean KOSPI and New Zealand NZX 50 followed the loss by 0.5% to 2,500 and 11,260, respectively. Meanwhile, Chinese indices like Shenzhen’s SZI, Shanghai’s SSEC and Hong Kong’s HSI were rising by 0.6%, 0.2% and 0.3%, pushing the indices up to 10,045, 3,090 and 17,700, respectively.


On the other hand, the US Futures indices continued to drop last night. S&P 500 dropped to 4,370 and NASDAQ also went under 14,900 levels. Meanwhile, energy commodities swung up as WTI crude oil bounced back to $90 and Brent also rose to $94 per barrel.


The precious metal like gold decreased to $1,940 per Troy ounce, while the US Dollar Index (DXY) still hovers around 105.2.