Asia Pacific Markets Decrease after a Plummet in Wall Street Last Night

On Tuesday morning (27 Feb, 9:42 AM, GMT+7, Bangkok time), most major indices in Asia Pacific decreased following subdued sentiment from the trading in the US stock market. There was also major economic data coming this week, including China’s manufacturing purchasing managers’ index and the U.S. personal consumption expenditures price index.

Meanwhile, stocks related to bitcoin rose above $54,000 level, the highest level since December 2021.


Japan’s NIKKEI slid by 0.26% to 39,130.18. South Korea’s KOSPI slumped by 0.22% to 2,641.14, and Australia’s ASX 200 dropped by 0.17% to 7,639.5.

As for stocks in China, Shanghai’s SSEC edged up by 0.09% to 2,979.71. Shenzhen’s SZI climbed by 0.01% to 9,067.29, while Hong Kong’s HSI dipped by 0.89% to 16,486.9.


Meanwhile, the US stock markets edged lower on Monday as the Dow Jones Industrial Average (DJIA) dropped by 0.16% to 39,069.23. NASDAQ declined by 0.13% to 15,976.25, and S&P 500 decreased by 0.38% to 5,069.53. VIX slid by 0.07% to 13.74.


As for commodities, oil prices edged higher on Monday following the slump of US oil production activity and turmoil in global trade sent negative effects to diesel supplies, causing lower oil exports to Europe. Brent rose 91 cents or 1.11% to $82.53 per barrel, and the West Texas Intermediate (WTI) grew $1.09 or 1.43% to $77.58 a barrel.

This morning, Brent edged down 10 cents or 0.12% to $82.43 a barrel, and WTI slid 9 cents or 0.12% to $77.49 per barrel.

Meanwhile, gold futures climbed by 0.18% to $2,042.6 per Troy ounce.