Asia Pacific Markets Trade Mixed as Japan Extends Gain, Australia’s CPI Slightly Off Expectations

On Wednesday morning (10 Jan, 9:30 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed as Japan stocks continuously grew after its major index hit a 33-year high on Tuesday, while Australia’s CPI for November 2023 was slightly off the economists’ expectations in a Reuters poll.


South Korea’s KOSPI dipped by 0.63% to 2,545.03. Australia’s ASX 200 fell by 0.49% to 7,483.7, while Japan’s NIKKEI climbed by 1.85% to 34,387.62.

As for stocks in China, Hong Kong’s HSI gained 0.03% to 16,194.11. Shenzhen’s SZI edged up by 0.04% to 8,975.62, while Shanghai’s SSEC decreased by 0.1% to 2,890.3.


Meanwhile, the US stocks market edged lower on Tuesday as the Dow Jones Industrial Average (DJIA) dropped by 0.42% to 37,525.16. S&P 500 slid by 0.15% to 4,756.5, while NASDAQ rose by 0.09% to 14,857.71. VIX decreased by 2.45% to 12.76.


As for commodities, oil prices settled higher on Tuesday as Libya closed Sharara oilfield, and concerns regarding the conflict in the Middle East rose as the Israeli military signaled that their fight against Hamas will carry on through 2024. Brent rose by 1.9% to $77.59 per barrel, and the West Texas Intermediate (WTI) jumped by 2.1% to $72.24 a barrel.

This morning, Brent surged by 0.49% to $77.97 a barrel, and WTI grew by 0.58% to $72.66 per barrel. 

Meanwhile, gold futures increased by 0.23% to $2,037.7 per Troy ounce.