Asia Pacific Markets Trade Mixed as Investors Monitor Japan and China’s Economic Data

On Wednesday morning (8 May, 9:31 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed and were in line with the US markets, while investors awaited today’s earnings reports from Japanese giants, such as Toyota and Mitsubishi, and economic data from China and Japan coming on Thursday.


South Korea’s KOSPI climbed by 0.07% to 2,736.36. Australia’s ASX 200 grew by 0.08% to 7,799.5, while Japan’s NIKKEI dropped by 1.07% to 38,418.47.

As for stocks in China, Shanghai’s SSEC slid by 0.18% to 3,141.98. Shenzhen’s SZI declined by 0.65% to 9,707.85, while Hong Kong’s HSI rose by 0.35% to 18,543.59.


Meanwhile, the US stock markets traded mixed on Tuesday as the Dow Jones Industrial Average (DJIA) gained 0.08% to 38,884.26. S&P 500 grew by 0.13% to 5,187.7, while NASDAQ slid 0.1% to 16,332.56. VIX slumped by 1.93% to 13.23.


As for commodities, oil prices edged lower on Wednesday as the American Petroleum Institute indicated weak demand from an increase in US crude and fuel supply.

This morning, Brent decreased 39 cents or 0.47% to $82.77 a barrel, and the WTI lost 33 cents or 0.42% to $78.05 per barrel.

Meanwhile, gold futures contracted by 0.34% to $2,316.4 per Troy ounce.