Asia Pacific Markets Slide as Nikkei’s Winning Streak Hits a Break

On Tuesday morning (16 Jan, 9:30 AM, GMT+7, Bangkok time), most major indices in Asia Pacific decreased following the end of the continued gains of Japan’s Nikkei as the country’s corporate goods price index and CGPI in December differed from the expectations by economists in a Reuters poll.


Japan’s NIKKEI fell by 0.47% to 35,733.41. Australia’s ASX 200 edged down by 0.93% to 7,426.6, and South Korea’s KOSPI slid by 0.6% to 2,510.93.

As for stocks in China, Shanghai’s SSEC increased by 0.28% to 2,894.27. Shenzhen’s SZI rose by 0.31% to 8,991.44, while Hong Kong’s HSI dropped by 0.28% to 16,171.55.


Meanwhile, the US stock market was closed for Martin Luther King Day.


As for commodities, oil prices settled lower on Monday as tanker owners realized that the conflict in the Middle East made little impact on their businesses, leading them to take profit after oil benchmarks surged by 2% last week. Brent fell by 0.2% to $78.15 per barrel, and the West Texas Intermediate (WTI) decreased by 0.3% to $72.50 a barrel.

This morning, Brent edged down by 0.06% to $78.1 a barrel, and WTI slid by 0.41% to $72.38 per barrel. 

Meanwhile, gold futures increased by 0.15% to $2,054.6 per Troy ounce.