Asia Pacific Markets Trade Mixed ahead of Key Economics Announcement

Asia Pacific major indices were mixed on Monday morning (30 Oct, 9:30 AM, GMT+7, Bangkok time) ahead of regional key announcements.

Japan’s NIKKEI led the market with a 1.04% drop to 30,670.36, ahead of the BoJ interest rate decision. Hong Kong’s HSI also dropped by 0.69% to 17,278.31 ahead of PMIs data, which contrasts with Shenzhen’s SZI that gained by 0.55% to 9,824.45. South Korea’s KOSPI gained 0.35% to 2,310.78, ahead of industrial production and retail sales data.


Meanwhile, the US markets were mixed last Friday, as only tech stocks hovered around the same level but other broad sectors did not. Dow Jones Industrial Average (DJIA) fell by 1.12% to 32,417.59, contrast with NASDAQ that gained by 0.38% to 12,643.01 from AMZN rebound. S&P 500 dropped by 0.48% to 4,117.37, while VIX rose by another 2.85% to 21.27.


Friday’s crude oil futures jumped by 3% from the recent development on the Israel-Gaza conflict that many worry could spread into regional war. Brent rose by 2.6% to $90.18 per barrel, while the West Texas Intermediate (WTI) also rose by 2.6% to $85.35 a barrel.

However, both cooled down this morning, Brent fell by 1.06% to $89.52 a barrel, as well as WTI that dropped by 1.18% to $84.53 per barrel. Furthermore, the gold futures rose by 0.72%  to $2,012.9 per Troy ounce.