Asia Pacific Markets Trade Mixed as Japan Slips into Technical Recession

On Thursday morning (15 Feb, 9:30 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed following the contraction of Japan’s 4Q23 GDP of 0.4% YoY, which largely missed expectations from economists polled by Reuters of 1.4% growth.


Japan’s NIKKEI rose by 0.76% to 37,990.44. Australia’s ASX 200 climbed by 0.62% to 7,594.6, while South Korea’s KOSPI dipped by 0.07% to 2,618.56.

As for stocks in China, Hong Kong’s HSI slid by 0.76% to 15,759.34.


Meanwhile, the US stocks market edged higher on Wednesday as the Dow Jones Industrial Average (DJIA) edged up by 0.4% to 38,424.27. NASDAQ soared by 1.3% to 15,859.15, and S&P 500 increased by 0.96% to 5,000.62. VIX slumped by 9.27% to 14.38.


As for commodities, oil prices settled lower on Wednesday following the increase of oil supplies in the US, and the drop of demand for crude. Brent dropped $1.17 or 1.4% to $81.60 per barrel, and the West Texas Intermediate (WTI) fell $1.23 or 1.6% to $76.64 a barrel.

This morning, Brent decreased 32 cents or 0.39% to $81.28 a barrel, and WTI declined 33 cents or 0.43% to $76.31 per barrel.

Meanwhile, gold futures climbed by 0.02% to $2,004.7 per Troy ounce.