On Friday morning (24 May, 9:21 AM, GMT+7, Bangkok time), major indices in Asia Pacific declined and were in line with the US markets despite a jump in Nvidia stock price after the company’s earnings beat expectations. Meanwhile, investors digested inflation data from Japan in April, including core inflation and headline inflation which decreased to 2.2% and 2.5%, respectively.
Japan’s NIKKEI slumped by 1.23% to 38,623.04. South Korea’s KOSPI dropped by 1.14% to 2,690.74, and Australia’s ASX 200 fell by 1.06% to 7,729.3.
As for stocks in China, Shanghai’s SSEC slid by 0.07% to 3,114.07. Shenzhen’s SZI contracted by 0.32% to 9,510.62, and Hong Kong’s HSI decreased by 1.08% to 18,664.72.
Meanwhile, the US stock markets edged down on Thursday as the Dow Jones Industrial Average (DJIA) slumped by 1.53% to 39,065.26. NASDAQ shed by 0.39% to 16,736.03, and S&P 500 contracted by 0.74% to 5,267.84. VIX jumped by 3.91% to 12.77.
As for commodities, oil prices settled lower on Thursday as traders focused more on supply and demand, following a drop-off pressure from conflicts in the Middle East, while a slowdown of interest rate cuts by the US Federal Reserve also played an important role in prices. Brent futures declined 54 cents or 0.66% to $81.36 a barrel, and the West Texas Intermediate (WTI) lost 70 cents or 0.9% to $76.87.
This morning, Brent futures rose 3 cents or 0.04% to $81.39 a barrel, and the WTI gained 1 cents or 0.01% to $76.88 per barrel.
Meanwhile, gold futures decreased by 0.28% to $2,330.7 per Troy ounce.
