Asia Pacific Markets Decline amid Weak Trade Data from Australia and China

On Thursday morning (7 Dec, 9:30 AM, GMT+7, Bangkok time), Asia Pacific major indices fell as investors reckoned trade data from Australia, missing its trade balance estimation, and China, expecting its export to fall.


Japan’s NIKKEI slid by 1.65% to 32,895.32. South Korea’s KOSPI fell by 0.36% to 2,486.49, and Australia’s ASX 200 dropped by 0.27% to 7,158.8.

As for stocks in China, Shanghai’s SSEC decreased by 0.41% to 2,956.81. Hong Kong’s HSI edged down by 1.56% to 16,206.05, and Shenzhen’s SZI declined by 0.49% to 9,486.35.


Meanwhile, the US stocks market declined on Wednesday as the Dow Jones Industrial Average (DJIA) edged down by 0.19% to 36,054.43. NASDAQ dropped by 0.58% to 14,146.71, and S&P 500 declined by 0.39% to 4,549.34. VIX rose by 0.93% to 12.97.


As for commodities, oil prices dropped to the lowest level since June, despite the attempt by OPEC+ to lift the price by cutting oil supply.

Brent fell by 3.8% to $74.30 per barrel, and the West Texas Intermediate (WTI) edged down by 4.1% to $69.38 a barrel. 

As for this morning, Brent gained 0.4% to $74.6 a barrel, and WTI grew by 0.53% to $69.75 per barrel. Furthermore, gold futures dropped by 0.09% to $2,046 per Troy ounce.