Asia Pacific Markets Increase Following the Return of S. Korea and Singapore from Lunar New Year

On Tuesday morning (13 Feb, 9:52 AM, GMT+7, Bangkok time), most major indices in Asia Pacific surged following the return of South Korea and Singapore markets after Lunar New Year holidays. Meanwhile, Japan’s CGPI for January edged up by 0.2%, which was higher than 0.1% expectations from economists polled by Reuters.


Japan’s NIKKEI jumped by 2.44% to 37,798.89. South Korea’s KOSPI rose by 1.08% to 2,648.75, and Australia’s ASX 200 edged up by 0.06% to 7,619.7.

As for stocks in China, markets in the world’s second largest economy closed due to the Lunar New Year holidays.


Meanwhile, the US stocks market edged lower on Monday as NASDAQ fell by 0.3% to 15,942.55. S&P 500 decreased by 0.09% to 5,021.84, while the Dow Jones Industrial Average (DJIA) climbed by 0.33% to 38,797.38. VIX jumped by 7.73% to 13.93.


As for commodities, oil prices were mixed on Monday as concerns over supply disruption from tensions in the Middle East offset uncertainty regarding interest rate cuts by the US Fed, which could possibly lower oil demand. Brent dropped 19 cents or 0.23% to $82 per barrel, while the West Texas Intermediate (WTI) rose 8 cents or 0.10% to $76.92 a barrel.

This morning, Brent surged 7 cents or 0.09% to $82.07 a barrel, and WTI grew 11 cents or 0.14% to $77.03 per barrel.

Meanwhile, gold futures slid by 0.01% to $2,032.8 per Troy ounce.