Asia Pacific Markets Rise as Japan’s Nikkei Hit Its 34-Year High

On Friday morning (9 Feb, 9:51 AM, GMT+7, Bangkok time), most major indices in Asia Pacific surged as Japan’s Nikkei hit its 34-year record high by breaking through 37,000. Meanwhile, some of the markets in the region, including China, South Korea, and Taiwan, closed for Lunar New Year holidays.


Japan’s NIKKEI increased by 0.45% to 37,029.91, and Australia’s ASX 200 edged up by 0.05% to 7,642.8.

As for stocks in China, Shenzhen’s SZI rose by 1.29% to 8,820.6, while Hong Kong’s HSI dropped by 1.48% to 15,642.46.


Meanwhile, the US stocks market edged higher on Thursday as the Dow Jones Industrial Average (DJIA) climbed by 0.13% to 38,726.33. NASDAQ surged by 0.24% to 15,793.72, and S&P 500 rose by 0.06% to 4,997.91. VIX decreased by 0.31% to 12.79.


As for commodities, oil prices settled higher on Thursday as the ceasefire proposal from Hamas was rejected by Israel, while the militant commander in Iraq was also executed by the US. The circumstances raised tensions in the Middle East. Brent rose $2.42 or 3% to $81.63 per barrel, and the West Texas Intermediate (WTI) gained $2.36 or 3.2% to $76.22 a barrel.

This morning, Brent declined 10 cents or 0.12% to $81.53 a barrel, and WTI slid 6 cents or 0.08% to $76.16 per barrel.

Meanwhile, gold futures rose by 0.06% to $2,049.2 per Troy ounce.