Asia Pacific Markets Trade Mixed after Wall Street Decelerates

On Tuesday morning (26 Mar, 9:38 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed after the US market slowed down on Monday. Meanwhile, investors also anticipated economic data from the Southeast Asia region, including Singapore’s manufacturing output and Thailand’s trade balance.

 

Japan’s NIKKEI slid by 0.15% to 40,354.78. Australia’s ASX 200 fell by 0.11% to 7,803, while South Korea’s KOSPI climbed by 1.38% to 2,775.34.

As for stocks in China, Shanghai’s SSEC edged up by 0.09% to 3,029.07. Hong Kong’s HSI grew by 0.53% to 16,560.51, and Shenzhen’s SZI surged by 0.39% to 9,459.09.

 

Meanwhile, the US stock markets edged down on Monday as the Dow Jones Industrial Average (DJIA) declined by 0.41% to 39,313.64. NASDAQ lost 0.27% to 16,384.47, and S&P 500 decreased by 0.31% to 5,218.19. VIX rose by 1% to 13.19.

 

As for commodities, oil prices settled higher on Monday as Russia cut oil production to conform with OPEC+ targets, while refineries in the country also suffered from Ukraine’s drone attack. Brent gained $1.32 or 1.55% to $86.75 per barrel, and the West Texas Intermediate (WTI) increased $1.32 or 1.64% to $81.95 a barrel.

This morning, Brent rose 26 cents or 0.3% to $87.01 a barrel, and WTI climbed 29 cents or 0.35% to $82.24 per barrel.

Meanwhile, gold futures edged down by 0.2% to $2,172 per Troy ounce.