Asia Pacific Markets Rise Following Fed’s Interest Rate Decision

On Thursday morning (14 Dec, 9:30 AM, GMT+7, Bangkok time), Asia Pacific major indices mostly rose as the US Fed showed signals to cut interest rates next year.


South Korea’s KOSPI gained 1.36% to 2,544.89, and Australia’s ASX 200 edged up by 1.54% to 7,369.9. Meanwhile, Japan’s NIKKEI dropped by 0.39% to 32,799.44.

As for stocks in China, Shanghai’s SSEC grew by 0.25% to 2,976.08. Hong Kong’s HSI rose by 1.38% to 16,452.28, and Shenzhen’s SZI increased by 0.31% to 9,505.91.


Meanwhile, the US stocks market grew on Wednesday as the Dow Jones Industrial Average (DJIA) edged up by 1.4% to 37,090.24. NASDAQ rose by 1.38% to 14,733.96, and S&P 500 gained 1.37% to 4,707.09. However, VIX increased by 0.99% to 12.19.


As for commodities, oil prices settled higher following the statement regarding interest rates by the US Fed, with the weekly withdrawal from US oil storage and concerns about the protection for oil supplies from the Middle East.

Brent rose by 1.4% to $74.26 per barrel, and the West Texas Intermediate (WTI) edged up by 1.3% to $69.47 a barrel. 

As for this morning, Brent gained 0.5% to $74.63 a barrel, and WTI grew by 0.43% to $69.77 per barrel. Furthermore, gold futures increased by 2.49% to $2,047 per Troy ounce.