Asia Pacific Markets Jump after US Soft Inflation Data

On Wednesday morning (15 Nov, 9:30 AM, GMT+7, Bangkok time), most of Asia Pacific major indices rose after the soar of the US markets, due to a slightly lower than expected by 0.1% on both MoM and YoY October CPI which are 0% and 3.2%, respectively.


Japan’s NIKKEI jumped by 1.95% to 33,332.2. South Korea’s KOSPI hiked by 1.97% to 2,481.27, and Australia’s ASX 200 rose by 1.39% to 7,103.9.

As for stocks in China, Shanghai’s SSEC climbed by 0.47% to 3,070.54. Hong Kong’s HSI shot up by 2.41% to 17,816.09, and Shenzhen’s SZI slightly gained by 0.64% to 10,069.86.


Meanwhile, US markets responded to the soft inflation with almost all green across the board, TSLA stood out with over 6% gain, along with around 5% gains on real estate, asset management, utilities and homeware retail sectors.

Dow Jones Industrial Average (DJIA) went up by 1.43% to 34,827.7. NASDAQ soared by 2.37% to 14,094.38 and S&P 500 jumped by 1.91% to 4,495.7. On the other hand, VIX dropped by 4.07% to 14.16, contrasting with the markets ‘ gains.


As for commodities futures, Brent settled almost unchanged or lower by 0.006% at $82.47 per barrel, while the West Texas Intermediate (WTI) stood flat or 0% changed at $78.26 a barrel.

As for this morning, Brent gained by 0.21% to $82.64 a barrel and WTI also followed up by 0.19% to $78.41 per barrel. Furthermore, the gold futures edged up by 0.04% to $1,967.3 per Troy ounce.