Asia Pacific Markets Extend Gains from Lower Concerns of Fed’s Rate Hike

Asia Pacific major indices rose on Friday morning (3 Nov, 9:30 AM, GMT+7, Bangkok time). It was a second day rising after the US Federal Reserve held the interest rate at 5.25-5.50%.


Japan’s NIKKEI jumped by 1.1% to 31,949.89. South Korea’s KOSPI soared by 0.97% to 2,365.79, and Australia’s ASX 200 jumped by 1.19% to 6,981.9.

As for stocks in China, Shanghai’s SSEC edged up by 0.77% to 3,032.66. Hong Kong’s HSI rose by 1.78% to 17,537.35, and Shenzhen’s SZI rose by 1.21% to 9,852.32.


Meanwhile, last night US markets continued to rise across the broad, led by TSLA with over 6% gain.

Dow Jones Industrial Average (DJIA) climbed by 1.7% to 33,839.08. NASDAQ jumped by 1.78% to 13,294.19 and S&P 500 rose by 1.89% to 4,317.78. On the other hand, VIX fell further by 7.17% to 15.66 as the markets’ fear started to switch to greed.


As for commodities, Brent rose by 2.7% to $86.92 per barrel, while the West Texas Intermediate (WTI) rose by 2.8% to $82.67 a barrel on Thursday.

This morning, Brent edged down by 0.01% to $86.84 a barrel, WTI edged down by 0.04% to $82.49 per barrel. Furthermore, the gold futures edged down by 0.03% to $1,992.9 per Troy ounce.