Asia Pacific Markets Trade Mixed as Investors Assess Japan’s Corporate Inflation

On Wednesday morning (10 Apr, 9:14 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed as Japan’s corporate inflation in March rose 0.8%, which conformed to expectations polled by Reuters. Meanwhile, investors awaited interest rate decisions from New Zealand and Thailand. South Korea’s markets were closed ahead of the country’s parliament elections.

 

Japan’s NIKKEI slid by 0.46% to 39,590.49, while Australia’s ASX 200 grew by 0.46% to 7,860.

As for stocks in China, Shanghai’s SSEC climbed by 0.01% to 3,048.8. Hong Kong’s HSI surged by 1.49% to 17,078.74, while Shenzhen’s SZI contracted by 0.7% to 9,382.48.

 

Meanwhile, the US stock markets were mixed on Tuesday as NASDAQ increased by 0.32% to 16,306.64. S&P 500 rose by 0.14% to 5,209.91, while the Dow Jones Industrial Average (DJIA) dipped by 0.02% to 38,883.67. VIX declined by 1.38% to 14.98.

 

As for commodities, oil prices settled lower on Tuesday for the second consecutive day as concerns in the Middle East were eased from the withdrawal of Israel troops from the southern Gaza city of Khan Younis yesterday. Brent dropped 96 cents or 1.06% to $89.42 per barrel, and the West Texas Intermediate (WTI) decreased $1.20 or 1.39% to $85.23 a barrel.

This morning, Brent gained 14 cents or 0.16% to $89.56 a barrel, and WTI edged up 14 cents or 0.16% to $85.37 per barrel.

Meanwhile, gold futures grew by 0.22% to $2,367.7 per Troy ounce.