Asia Pacific Markets Trade Mixed as Investors Eye Australia’s Interest Rate Decision

On Tuesday morning (6 Feb, 9:32 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed as investors paid attention to the interest rate decision from the central bank of Australia, with expectations for the bank to hold its rates of 4.35%.


Japan’s NIKKEI slid by 0.61% to 36,132.94. South Korea’s KOSPI dipped by 0.54% to 2,577.27, and Australia’s ASX 200 dropped by 0.54% to 7,584.8.

As for stocks in China, Shanghai’s SSEC rose by 0.46% to 2,714.67. Shenzhen’s SZI jumped by 3.04% to 8,206.87, while Hong Kong’s HSI climbed by 1.66% to 15,767.53.


Meanwhile, the US stocks market declined on Monday as the Dow Jones Industrial Average (DJIA) decreased by 0.71% to 38,380.12. NASDAQ edged down by 0.2% to 15,597.68, and S&P 500 contracted by 0.32% to 4,942.81. VIX slid by 1.3% to 13.67.


As for commodities, oil prices settled higher on Monday as tensions from the conflict in the Middle East and the war between Russia and Ukraine raised concerns about global oil  supply. Brent gained 66 cents or 0.9% to $77.99 per barrel, and the West Texas Intermediate (WTI) grew 50 cents or 0.7% to $72.78 a barrel.

This morning, Brent rose 21 cents or 0.27% to $78.2 a barrel, and WTI edged up 19 cents or 0.26% to $72.97 per barrel.

Meanwhile, gold futures decreased by 0.09% to $2,041 per Troy ounce.