Asia Pacific Markets Trade Mixed as Investors Continue to Monitor Economic Situations

On Wednesday morning (24 Jan, 9:30 AM, GMT+7, Bangkok time), indices in Asia Pacific were mixed despite US S&P 500 setting an all-time high record as investors in the Asia markets assessed Japan’s economic data that showed trade surplus of $62.1 billion, beating expectations for a $122.1 billion deficit.

Meanwhile, Hong Kong’s HSI and the mainland Chinese CSI 300 increased due to the rise of tech stocks.

 

Japan’s NIKKEI decreased by 0.69% to 36,264.14. Australia’s ASX 200 declined by 0.12% to 7,505.8, and South Korea’s KOSPI dropped by 0.48% to 2,466.64.

As for stocks in China, Shanghai’s SSEC rose by 0.17% to 2,775.58. Hong Kong’s HSI gained 1.41% to 15,570.05, while Shenzhen’s SZI slid by 0.58% to 8,546.24.

 

Meanwhile, the US stocks market increased on Tuesday as the S&P 500 surged by 0.29% to 4,864.6. NASDAQ gained 0.43% to 15,425.94, while the Dow Jones Industrial Average (DJIA) slid by 0.25% to 37,905.45. VIX dropped by 4.85% to 12.55.

 

As for commodities, oil prices settled lower on Tuesday as oil production in Libya came back into action, and the output in North Dakota slowly recovered from the extreme winter storm. Brent decreased 51 cents or 0.64% to $79.55 per barrel, and the West Texas Intermediate (WTI) dropped 39 cents or 0.52% to $74.37 a barrel.

This morning, Brent rose 11 cents or 0.14% to $79.66 a barrel, and WTI edged up 11 cents or 0.15% to $74.48 per barrel. 

Meanwhile, gold futures grew by 0.04% to $2,026.6 per Troy ounce.