Asia Pacific Markets Rise as Japan’s Nikkei Leads Gains with a Rally in Wall Street

On Wednesday morning (24 Apr, 9:29 AM, GMT+7, Bangkok time), major indices in Asia Pacific increased in the same directions following a rally in the US markets. The rise was led by Japan’s Nikkei, as producer prices in the country’s service sector edged up 2.3% YoY in March compared to 2.2% seen in February, while Australia’s 1Q24 consumer price index rose 3.6% YoY, beating expectations polled by Reuters at 3.5%.


Japan’s NIKKEI jumped by 2.01% to 38,308.36. South Korea’s KOSPI grew by 1.9% to 2,672.89, and Australia’s ASX 200 edged up by 0.26% to 7,703.8.

As for stocks in China, Shanghai’s SSEC climbed by 0.32% to 3,031.67. Shenzhen’s SZI gained 0.2% to 9,201.98, and Hong Kong’s HSI increased by 1.35% to 17,055.69.


Meanwhile, the US stock markets edged up on Tuesday as the Dow Jones Industrial Average (DJIA) grew by 0.69% to 38,503.69. NASDAQ jumped by 1.59% to 15,696.64, and S&P 500 increased by 1.2% to 5,070.55. VIX slumped by 7.38% to 15.69.


As for commodities, oil prices settled higher on Tuesday following a drop in US crude supply, a positive sign for demand, and the fact that traders moved their attention away from conflicts in the Middle East. Brent gained 9 cents or 0.1% to $88.51 per barrel, and the West Texas Intermediate (WTI) rose 10 cents or 0.11% to $83.45 a barrel at 0031 GMT.

This morning, Brent slid 1 cents or 0.01% to $88.41 a barrel, and the WTI grew 1 cents or 0.01% to $83.37 per barrel.

Meanwhile, gold futures dropped by 0.4% to $2,332.7 per Troy ounce.