Asia Pacific Markets Climb ahead of Biden-Xi Meeting and Inflation Data

On Tuesday morning (14 Nov, 9:30 AM, GMT+7, Bangkok time), most of Asia Pacific major indices rose as the markets were counting down to the US and China president meeting in San Francisco, USA. Meanwhile, there are several economic data announcements later in the day such as EU unemployment and Q3 GDP, US October CPIs, Japan Q3 GDP and China October industrial production, retail sales and unemployment.


Japan’s NIKKEI rose by 0.63% to 32,789.86. South Korea’s KOSPI jumped by 1.2% to 2,432.58, and Australia’s ASX 200 climbed by 0.66% to 6,994.4.

As for stocks in China, Shanghai’s SSEC gained by 0.1% to 3,049.58. Hong Kong’s HSI edged up by 0.08% to 17,440.75, and Shenzhen’s SZI slightly rose by 0.16% to 10,004.72.


As for the US markets, most US big cap stocks traded with mixed directions, except TSLA and BA that stood out with over 4% gain, while LLY rose by 2.5%.

Dow Jones Industrial Average (DJIA) edged up by 0.16% to 34,283.1. NASDAQ slid by 0.22% to 13,767.74 and S&P 500 edged down by 0.08% to 4,411.55. On the other hand, VIX rose by 4.16% to 14.76.


As for commodities futures, Brent settled higher by 1.34% at $82.52 per barrel, while the West Texas Intermediate (WTI) also rose by 1.41% to $78.26 a barrel.

As for this morning, Brent gained by 0.27% to $82.74 a barrel and WTI also followed up by 0.26% to $78.46 per barrel. Furthermore, the gold futures edged down by 0.06% to $1,949.1 per Troy ounce after it fell from $2,000 in the past recent weeks.