Asia Pacific Markets Surge as Investors Evaluate Earnings From US and Asia

On Wednesday morning (7 Feb, 10:02 AM, GMT+7, Bangkok time), most major indices in Asia Pacific surged as investors evaluated corporate earnings from companies in the US and Asia.


Australia’s ASX 200 grew by 0.71% to 7,635.5. South Korea’s KOSPI gained 1.3% to 2,609.8, while Japan’s NIKKEI decreased by 0.11% to 36,122.57.

As for stocks in China, Shanghai’s SSEC edged up by 0.87% to 2,813.81. Shenzhen’s SZI jumped by 2.72% to 8,690.89, and Hong Kong’s HSI rose by 0.68% to 16,246.25.


Meanwhile, the US stocks market edged higher on Tuesday as the Dow Jones Industrial Average (DJIA) climbed by 0.37% to 38,521.36. NASDAQ increased by 0.07% to 15,609, and S&P 500 edged up by 0.23% to 4,954.23. VIX slumped by 4.46% to 13.06.


As for commodities, oil prices settled higher on Tuesday following the statement from the US Energy Department suggesting that the country’s crude oil production would grow slower than expectations. Brent climbed 60 cents or 0.77% to $78.59 per barrel, and the West Texas Intermediate (WTI) grew 53 cents or 0.73% to $73.31 a barrel.

This morning, Brent rose 16 cents or 0.2% to $78.75 a barrel, and WTI increased 19 cents or 0.26% to $73.5 per barrel.

Meanwhile, gold futures slid by 0.04% to $2,050.6 per Troy ounce.