Asia Pacific Markets Rise Following PBOC’s Measure to Stimulate Economy

On Thursday morning (25 Jan, 9:30 AM, GMT+7, Bangkok time), most major indices in Asia Pacific surged despite the announcement of a depressing outlook from Tesla. Meanwhile, the People’s Bank of China is set to reduce its reserve requirements for lenders in order to stimulate the country’s slow economy.


Japan’s NIKKEI decreased by 0.27% to 36,130.38. South Korea’s KOSPI slid by 0.36% to 2,460.73, while Australia’s ASX 200 rose by 0.29% to 7,541.1.

As for stocks in China, Shanghai’s SSEC increased by 1.28% to 2,856.87. Hong Kong’s HSI gained 0.65% to 16,002.47, and Shenzhen’s SZI grew by 0.15% to 8,695.33.


Meanwhile, the US stocks market edged higher on Wednesday as the S&P 500 surged by 0.08% to 4,868.55. NASDAQ gained 0.36% to 15,481.92, while the Dow Jones Industrial Average (DJIA) slid by 0.26% to 37,806.39. VIX edged up by 4.7% to 13.14.


As for commodities, oil prices settled higher on Wednesday following the downward trajectory of oil production in the US as the country was affected by a severe storm. Brent gained 49 cents or 0.62% to $80.04 per barrel, and the West Texas Intermediate (WTI) increased 72 cents or 0.97% to $75.09 a barrel.

This morning, Brent rose 12 cents or 0.15% to $80.16 a barrel, and WTI edged up 15 cents or 0.2% to $75.24 per barrel. 

Meanwhile, gold futures remained unchanged at $2,016.1 per Troy ounce.