Asia Pacific Markets Trade Mixed amid Bearish Global Economic Data

The major indices in Asia Pacific markets were mixed on Wednesday (Sep 27) after China published the shrinking of industrial profits from Jan to Aug by 11.7%, altogether with Australia monthly CPI inflation that rose to 5.2%.


Hong Kong’s HSI led the gain today by over 0.7% to 17,600. Shenzhen’s SZI and Shanghai’s SSEC followed by 0.4% and 0.3%, moving both indices up over 10,100 and 3,100 respectively.

On the other hand, Singapore’s STI led the loss by over 0.7% under 3,200. Japan’s NIKKEI, Malaysia’s Bursa KLCI and New Zealand’s NZX 50 were both dropped around 0.4%, plunging the indices under 32,200, 1,440 and 11,300, respectively.


Meanwhile, both consumer confidence, oil inventories and building permits in the US showed bearish signs, dropping most of US indices. In contrast, only crude oil prices and the US dollar continued to strengthen.


Many US Futures indices fell as S&P 500 dropped to 4,320 and NASDAQ moved under 14,740, spiking the VIX to break one-month high of 19.0 which raised bearish option prices even more.

WTI crude oil swung back up over $91 and Brent almost touched $95 per barrel. The US Dollar Index or DXY rose to 106 and gold price dropped under $1,920 per Troy ounce.