Asia Pacific Markets Increase as Investors Await BOJ’s Monetary Policy Decision

On Tuesday morning (23 Jan, 9:40 AM, GMT+7, Bangkok time), major indices in Asia Pacific rose as investors kept their eyes on the first monetary policy decision of the year from the Bank of Japan, with the expectations that the bank would not change its negative interest rate policy until the April meeting.

 

Japan’s NIKKEI increased by 0.89% to 36,872.8. Australia’s ASX 200 grew by 0.64% to 7,524.5, and South Korea’s KOSPI gained 0.51% to 2,476.9.

As for stocks in China, Shanghai’s SSEC rose by 0.22% to 2,762.3. Shenzhen’s SZI surged by 1.25% to 8,585.65, and Hong Kong’s HSI jumped by 2.94% to 15,401.38.

 

Meanwhile, the US stocks market increased on Monday as the Dow Jones Industrial Average (DJIA) grew by 0.36% to 38,001.81. NASDAQ gained 0.32% to 15,360.29, and S&P 500 surged by 0.22% to 4,850.43. VIX dropped by 0.83% to 13.19.

 

As for commodities, oil prices settled higher on Monday following the attack from Ukraine on a major fuel terminal in Russia, raising concerns over global oil supplies. Moreover, the extreme cold weather in the US, which disrupted the country’s oil production, continued. Brent increased $1.50 or 1.91% to $80.06 per barrel, and the West Texas Intermediate (WTI) jumped $1.78 or 2.42% to $75.19 a barrel.

This morning, Brent slumped 9 cents or 0.11% to $79.97 a barrel, and WTI remained unchanged at $75.19 per barrel. 

Meanwhile, gold futures grew by 0.09% to $2,024.1 per Troy ounce.