Asia Pacific Markets Surge Following the Rebound in Wall Street

On Friday morning (2 Feb, 9:53 AM, GMT+7, Bangkok time), most major indices in Asia Pacific surged following the rebound in the US market that plunged the day before following the announcement by the US Fed in holding interest rate firm in March.


Japan’s NIKKEI rose by 1% to 36,370.68. Australia’s ASX 200 climbed by 1.29% to 7,686.2, and South Korea’s KOSPI gained 2.13% to 2,596.67.

As for stocks in China, Shanghai’s SSEC edged down by 0.16% to 2,766.26. Shenzhen’s SZI declined by 0.54% to 8,195.96, while Hong Kong’s HSI rose by 1.3% to 15,768.92.


Meanwhile, the US stocks market edged higher on Thursday as the Dow Jones Industrial Average (DJIA) climbed by 0.97% to 38,519.84. NASDAQ gained 1.3% to 15,361.64, and S&P 500 increased by 1.25% to 4,906.19. VIX fell by 3.28% to 13.88.


As for commodities, oil prices settled lower on Thursday as traders kept their eyes on the Israel-Hamas war as there were unsubstantiated reports of a ceasefire, while one of the large oil refineries in the US was forced to shut down after encountering a power outage. Brent dropped $1.85 or 2.30% to $78.70 per barrel, and the West Texas Intermediate (WTI) fell $2.03 or 2.68% to $73.82 a barrel.

This morning, Brent increased 52 cents or 0.66% to $79.22 a barrel, and WTI gained 45 cents or 0.61% to $74.27 per barrel.

Meanwhile, gold futures slid by 0.04% to $2,070.2 per Troy ounce.