Asia Pacific Markets Rise as China’s Industrial Profits in Jan-Apr Edge Higher

On Monday morning (27 May, 9:15 AM, GMT+7, Bangkok time), major indices in Asia Pacific increased as China reported a rise in industrial profits of 4.3% YoY in the first four months of the year. Investors also awaited more economic data from China, India, and Australia coming this week.


Japan’s NIKKEI edged up by 0.18% to 38,717.43. South Korea’s KOSPI grew by 0.54% to 2,702.16, and Australia’s ASX 200 gained 0.78% to 7,787.6.

As for stocks in China, Shanghai’s SSEC increased by 0.49% to 3,104.08. Hong Kong’s HSI rose by 0.43% to 18,688.44, while Shenzhen’s SZI slid by 0.1% to 9,415.31.


Meanwhile, the US stock markets edged up on Friday as the Dow Jones Industrial Average (DJIA) climbed by 0.01% to 39,069.59. NASDAQ jumped by 1.1% to 16,920.79, and S&P 500 increased by 0.7% to 5,304.72. VIX slumped by 6.58% to 11.93.


As for commodities, oil prices settled higher on Friday ahead of the OPEC+ meeting on June 2, with traders expecting the group to maintain production cuts. Brent futures rose 76 cents or 0.93% to $82.12 a barrel, and the West Texas Intermediate (WTI) surged 85 cents or 1.11% to $77.72.

This morning, Brent futures edged up 16 cents or 0.19% to $82.28 a barrel, and the WTI gained 21 cents or 0.27% to $77.93 per barrel.

Meanwhile, gold futures grew by 0.26% to $2,340.6 per Troy ounce.