Asia Pacific Markets Fluctuate in Concern of Fed Members Mixed Comments

On Wednesday morning (29 Nov, 9:30 AM, GMT+7, Bangkok time), Asia Pacific major indices mostly fell as investors evaluated the comments from the U.S. Federal Reserve board as Federal Reserve Governor Christopher Waller said confidence is growing that the US policy rate is in place right now. However, he also continued to mention that inflation is still too high. Meanwhile, the market will also monitor the inflation figures in Australia.


Japan’s NIKKEI edged up by 0.21% to 33,477.04. South Korea’s KOSPI edged down by 0.08% to 2,519.69, and Australia’s ASX 200 rose by 0.48% to 7,049.

As for stocks in China, Shanghai’s SSEC slid by 0.18% to 3,033.23. Hong Kong’s HSI fell by 1.04% to 17,173.37, and Shenzhen’s SZI fell by 0.26% to 9,807.88.


Meanwhile, last night, the US stocks market edged higher as TSLA rose by 4.51%, with MSFT and META settled up by 1.08% and 1.28%, respectively. Dow Jones Industrial Average (DJIA) rose by 0.24% to 35,416.98. NASDAQ edged up by 0.29% to 14,281.76, and S&P 500 climbed by 0.1% to 4,554.89. VIX remains unchanged at 12.69.


As for commodities, oil prices edged up by 2% on the possibility of OPEC+ extending or deepening their supply cuts, a disruptive drop in oil output of Kazakhstan, and the weakening of the US dollar.

Brent settled up by 2.1% to $81.68 per barrel, and the West Texas Intermediate (WTI) gained 2.1% to $76.41 a barrel. As for this morning, Brent continued to edge up by 0.09% to $81.75 a barrel, and WTI rose by 0.27% to $76.62 per barrel. Furthermore, gold futures climbed by 0.4% to $2,048.1 per Troy ounce.