Asia Pacific Markets Soar after US Fed Holds Rates

Asia Pacific major indices rose on Thursday morning (2 Nov, 9:30 AM, GMT+7, Bangkok time). It was a continuous trend after the US Federal Reserve held interest rate as expected at 5.25% to 5.5% range last night.


Japan’s NIKKEI jumped by 1.14% to 31,961.13. South Korea’s KOSPI soared by 1.82% to 2,343.37, and Australia’s ASX 200 jumped by 1.15% to 6,917.2.

As for stocks in China, Shanghai’s SSEC edged up by 0.05% to 3,024.46. Hong Kong’s HSI rose by 0.98% to 17,270.15, and Shenzhen’s SZI edged down by 0.18% to 9,808.9.


Meanwhile, last night US markets were driven up by the magnificent seven and other tech stocks. AMD led the market with almost 10% gain.

Dow Jones Industrial Average (DJIA) climbed by 0.67% to 33,274.58. NASDAQ jumped by 0.48% to 13,061.47 and S&P 500 rose by 1.05% to 4,237.86. On the other hand, VIX fell further by 7% to 16.87 as the markets’ fear went away.


As for commodities, Brent declined by 0.24% to $84.82 per barrel, while the West Texas Intermediate (WTI) fell by 0.46% to $80.65 a barrel.

As for this morning, Brent rose by 0.98% to $85.46 a barrel, as well as WTI that rose by 1.03% to $81.27 per barrel. Furthermore, the gold futures climbed by 0.32% to $1,993.9 per Troy ounce.