Asia Pacific Markets Fall Following the Decline of China’s Manufacturing PMI

On Tuesday morning (2 Jan, 9:31 AM, GMT+7, Bangkok time), major indices in Asia Pacific mostly fell as China’s manufacturing sector declined, while Japan closed its market after the country was hit by an earthquake.


South Korea’s KOSPI decreased by 0.32% to 2,646.66, while Australia’s ASX 200 edged up by 0.26% to 7,610.2.

As for stocks in China, Shanghai’s SSEC slid by 0.03% to 2,973.91. Hong Kong’s HSI dropped by 1% to 16,877.2, and Shenzhen’s SZI declined by 0.75% to 9,453.65. 


Meanwhile, the US stocks market closed for the New Year Holiday on Monday.


As for commodities, oil prices settled higher as the Red Sea incident made an impact on the Middle East causing supply disruptions, and Chinese economic stimulus lifted the country’s expected oil demand.

This morning, Brent increased by 1.34% to $78.07 a barrel, and WTI climbed by 1.24% to $72.54 per barrel. 

Meanwhile, gold futures rose by 0.15% to $2,074.9 per Troy ounce.