Asia Pacific Markets Rise Across the Board Following a Drop of Tokyo’s Inflation

On Tuesday morning (9 Jan, 9:30 AM, GMT+7, Bangkok time), major indices in Asia Pacific comprehensively rose as Tokyo’s inflation rate decreased to 2.4% in December, and Australia’s retail sales for November 2023 surged 2% MoM, which was more than economists expectations of 1.2% in a Reuters poll.


Japan’s NIKKEI climbed by 1.4% to 33,844.24. South Korea’s KOSPI rose by 0.33% to 2,576.34, and Australia’s ASX 200 grew by 0.97% to 7,523.9

As for stocks in China, Shanghai’s SSEC increased by 0.17% to 2,892.4. Hong Kong’s HSI gained 0.68% to 16,334.77, and Shenzhen’s SZI edged up by 0.48% to 8,990.96. 


Meanwhile, the US stocks market edged higher on Monday as the Dow Jones Industrial Average (DJIA) surged by 0.58% to 37,683.01. NASDAQ jumped by 2.2% to 14,843.77, and S&P 500 rose by 1.41% to 4,763.54. VIX decreased by 2.02% to 13.08.


As for commodities, oil prices settled lower on Monday as Saudi Arabia cut oil prices and OPEC increased its output in December. Brent decreased by 2.2% to $77.02 per barrel, and the West Texas Intermediate (WTI) edged down by 2.3% to $72.08 a barrel.

This morning, Brent gained 0.47% to $76.48 a barrel, and WTI grew by 0.35% to $71.02 per barrel. 

Meanwhile, gold futures surged by 0.33% to $2,040.3 per Troy ounce.