Asia Pacific Markets Trade Mixed as Wall Street’s Tech Stocks Decelerate

On Thursday morning (14 Mar, 9:35 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed after the gain from the US tech stocks slowed down, while investors paid attention to Japan’s spring wage negotiations and India’s wholesale inflation data.


Japan’s NIKKEI decreased by 0.3% to 38,578.07. Australia’s ASX 200 declined by 0.24% to 7,710.8, while South Korea’s KOSPI edged up by 0.6% to 2,709.74.

As for stocks in China, Shanghai’s SSEC rose by 0.09% to 3,046.59. Hong Kong’s HSI climbed by 0.08% to 17,095.13, while Shenzhen’s SZI slid by 0.04% to 9,601.14.


Meanwhile, the US stock markets edged lower on Wednesday as NASDAQ dropped by 0.54% to 16,177.77. S&P 500 fell by 0.19% to 5,165.31, while the Dow Jones Industrial Average (DJIA) climbed by 0.1% to 39,043.32. VIX slid by 0.65% to 13.75.


As for commodities, oil prices settled higher on Wednesday following a larger-than-expected decline in US crude inventories, while concerns over supply disruptions emerged after Ukraine attacked Russian refineries. Brent rose $2.11 or 2.58% to $84.03 per barrel, and the West Texas Intermediate (WTI) grew $2.16 or 2.78% to $79.72 a barrel.

This morning, Brent gained 8 cents or 0.1% to $84.11 a barrel, and WTI increased 7 cents or 0.09% to $79.79 per barrel.

Meanwhile, gold futures declined by 0.07% to $2,179.3 per Troy ounce.