Asia Pacific Markets Recover as Australia and Japan Show Positivity

On Wednesday morning (6 Dec, 9:30 AM, GMT+7, Bangkok time), Asia Pacific major indices rallied as Australia’s Q3 GDP grew stronger than expected, and Japan’s business sentiment held positive figures for two consecutive months.


Japan’s NIKKEI edged up by 1.67% to 33,322.41. South Korea’s KOSPI rose by 0.54% to 2,507.75, and Australia’s ASX 200 grew by 1.42% to 7,162.

As for stocks in China, Shanghai’s SSEC climbed by 0.09% to 2,975.1. Hong Kong’s HSI increased by 0.7% to 16,441.61, and Shenzhen’s SZI gained 0.86% to 9,551.32.


Meanwhile, the US stocks market declined on Tuesday as the Dow Jones Industrial Average (DJIA) edged down by 0.22% to 36,124.56. NASDAQ rose by 0.31% to 14,229.91, and S&P 500 dropped by 0.06% to 4,567.18. VIX slid by 1.76% to 12.85.


As for commodities, oil prices dropped to a near five-month low due to the disappointment of OPEC+ announcement of its supply cuts last week, and the US dollar grew stronger.

Brent fell by 1.1% to $77.20 per barrel, and the West Texas Intermediate (WTI) edged down by 1.0% to $72.32 a barrel. 

As for this morning, Brent gained 0.26% to $77.4 a barrel, and WTI grew by 0.22% to $72.48 per barrel. Furthermore, gold futures rose by 0.11% to $2,038.5 per Troy ounce.