Asia Pacific Markets Trade Mixed as Japan Revises Down Q3 GDP

On Friday morning (8 Dec, 9:30 AM, GMT+7, Bangkok time), Asia Pacific major indices traded mixed as Japan’s Q3/2023 GDP was revised downward, falling by 0.7% QoQ, with investors awaiting the Bank of India to release its rate decision.


Japan’s NIKKEI slid by 1.69% to 32,302.75. South Korea’s KOSPI increased by 0.72% to 2,510.11, and Australia’s ASX 200 edged up by 0.09% to 7,179.8.

As for stocks in China, Shanghai’s SSEC rose by 0.23% to 2,973.08. Hong Kong’s HSI edged down by 0.4% to 16,280.84, and Shenzhen’s SZI grew by 0.13% to 9,532.01.


Meanwhile, the US stocks market soared on Thursday as the Dow Jones Industrial Average (DJIA) edged up by 0.17% to 36,117.38. NASDAQ rose by 1.37% to 14,339.99, and S&P 500 grew by 0.8% to 4,585.59. VIX increased by 0.69% to 13.06.


As for commodities, oil prices dropped as worries among investors were on the slow demand of energy in the US and China, causing oil prices level to fall to six-month lows.

Brent fell by 0.34% to $74.05 per barrel, and the West Texas Intermediate (WTI) edged down by 0.06% to $69.34 a barrel. 

As for this morning, Brent gained 1.31% to $75.02 a barrel, and WTI grew by 1.27% to $70.22 per barrel. Furthermore, gold futures increased by 0.13% to $2,049 per Troy ounce.