Asia Pacific Markets Rise despite Pressures from Increasing US Treasury Yields

On Tuesday morning (9 Apr, 9:21 AM, GMT+7, Bangkok time), most major indices in Asia Pacific increased despite the pressure from the rising treasury yields in the US markets. Meanwhile, investors also kept their eyes on business confidence surveys from Australia and consumer confidence data from Japan.

 

Japan’s NIKKEI rose by 0.48% to 39,535.76. South Korea’s KOSPI climbed by 0.05% to 2,718.94, and Australia’s ASX 200 grew by 0.54% to 7,831.5.

As for stocks in China, Shanghai’s SSEC slid by 0.21% to 3,040.61. Shenzhen’s SZI contracted by 0.14% to 9,381.83, while Hong Kong’s HSI increased by 0.82% to 16,870.22.

 

Meanwhile, the US stock markets edged down on Monday as the Dow Jones Industrial Average (DJIA) dipped by 0.03% to 38,892.8. S&P 500 decreased by 0.04% to 5,202.39, while NASDAQ climbed by 0.03% to 16,253.96. VIX slumped by 5.24% to 15.19.

 

As for commodities, oil prices settled lower on Monday as Israel withdrew its troops from the southern Gaza city of Khan Younis, easing some pressure in the Middle East, while negotiations for a ceasefire between Israel and Hamas continued. Brent declined 79 cents or 0.87% to $90.38 per barrel, and the West Texas Intermediate (WTI) lost 48 cents or 0.55% to $86.43 a barrel.

This morning, Brent gained 21 cents or 0.23% to $90.59 a barrel, and WTI increased 19 cents or 0.22% to $86.62 per barrel.

Meanwhile, gold futures surged by 0.38% to $2,360 per Troy ounce.