Asia Pacific Markets Rise as Investors Assess China’s Manufacturing PMI

On Tuesday morning (30 Apr, 9:21 AM, GMT+7, Bangkok time), major indices in Asia Pacific rose and were in line with the US markets. Meanwhile, China’s purchasing managers’ index for April dropped to 50.4 from 50.8 seen in March but beat Reuters expectations of 50.3.


Japan’s NIKKEI jumped by 1.63% to 38,552.44. South Korea’s KOSPI increased by 0.58% to 2,703.04, and Australia’s ASX 200 climbed by 0.21% to 7,653.4.

As for stocks in China, Shanghai’s SSEC edged up by 0.16% to 3,118.02. Hong Kong’s HSI rose by 0.47% to 17,831.06, while Shenzhen’s SZI slid by 0.28% to 9,647.01.


Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) grew by 0.38% to 38,386.09. NASDAQ climbed by 0.35% to 15,983.08, and S&P 500 gained 0.32% to 5,116.17. VIX slumped by 2.4% to 14.67.


As for commodities, oil prices settled lower on Monday as the US Secretary of State pushed for another attempt for a cease-fire proposal in Gaza, which could potentially ease some tensions in the Middle East. Brent dropped $1.10 or 1.23% to $88.40 per barrel, and the West Texas Intermediate (WTI) declined $1.22 or 1.45% to $82.63 a barrel.

This morning, Brent decreased 5 cents or 0.06% to $88.35 a barrel, and the WTI lost 14 cents or 0.17% to $82.49 per barrel.

Meanwhile, gold futures contracted by 0.68% to $2,341.6 per Troy ounce.