Asia Pacific Markets Fall despite a Rise in Wall Street

On Tuesday morning (21 May, 9:16 AM, GMT+7, Bangkok time), major indices in Asia Pacific fell despite the rise of the Nasdaq Composite, benefiting from the increase in tech shares and reaching the record high of 16,794.87. Investors also kept their eyes on any effects caused by the increase in tech stocks in Wall Street.


South Korea’s KOSPI declined by 0.4% to 2,731.27. Australia’s ASX 200 decreased by 0.2% to 7,847.6, while Japan’s NIKKEI grew by 0.18% to 39,140.07.

As for stocks in China, Shanghai’s SSEC lost 0.43% to 3,157.38. Shenzhen’s SZI contracted by 0.51% to 9,701.01, and Hong Kong’s HSI slumped by 1.44% to 19,353.2.


Meanwhile, the US stock markets edged up on Monday as NASDAQ rose by 0.65% to 16,794.87. S&P 500 climbed by 0.09% to 5,308.13, while the Dow Jones Industrial Average (DJIA) fell by 0.49% to 39,806.77. VIX increased by 1.33% to 12.15.


As for commodities, oil prices settled lower on Monday as traders were cautious and awaited for any developments in Iran after President Ebrahim Raeisi and Foreign Minister Hossein Amir-Abdollahian were reported dead in a helicopter crash yesterday. Brent futures dropped 27 cents, or 0.32%, to $83.71 a barrel, and the West Texas Intermediate (WTI) slid 26 cents, or 0.32%, to $79.80.

This morning, Brent futures lost 33 cents or 0.39% to $83.38 a barrel, and the WTI edged down 18 cents or 0.23% to $79.62 per barrel.

Meanwhile, gold futures contracted by 0.63% to $2,423.1 per Troy ounce.