Asia Pacific Markets Mostly Rise despite China’s Factory Activity Continues to Contract

On Thursday morning (30 Nov, 9:30 AM, GMT+7, Bangkok time), Asia Pacific major indices mostly rose, while South Korea stock markets traded mixed after the country’s central bank held its benchmark policy rate at 3.5% and China’s factory activity contracted for a second straight month in November at 49.4.

 

Japan’s NIKKEI edged down by 0.15% to 33,271.25. South Korea’s KOSPI edged up by 0.15% to 2,523.69, and Australia’s ASX 200 rose by 0.04% to 7,038.2.

As for stocks in China, Shanghai’s SSEC climbed by 0.18% to 3,027.18. Hong Kong’s HSI fell by 0.07% to 16,982.17, and Shenzhen’s SZI rose by 0.14% to 9,758.13.

 

Meanwhile, last night, the US stocks market mostly fell as META dropped by 2.00% and GOOG fell by 1.60% in the Communication Services Sector, and the stocks in the Healthcare Sector, such as UNH and ELV, also edged down 1.03% and 2.13%, respectively.

Dow Jones Industrial Average (DJIA) rose by 0.04% to 35,430.42. NASDAQ edged down by 0.16% to 14,258.49, and S&P 500 slid by 0.09% to 4,550.58. VIX climbed by 2.29% to 12.98.

 

As for commodities, oil prices rose as OPEC+ continued the talks over the extension of oil supply cuts, while a severe storm hit the Black Sea, causing supply shortage in Kazakhstan and Russia.

Brent settled higher by 1.74% to $83.10 per barrel, and the West Texas Intermediate (WTI) gained 1.9% to $77.86 a barrel. 

As for this morning, Brent edged down by 0.24% to $82.9 a barrel, and WTI slid by 0.27% to $77.65 per barrel. Furthermore, gold futures dropped by 0.16% to $2,043.9 per Troy ounce.