Asia Pacific Markets Trade Mixed as Investors Digest a Slew of Economic Data

On Friday morning (7 June, 9:30 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed as investors awaited the announcement of China’s exports and imports in May, while also assessing Japan’s pay numbers for April and ECB’s rate cut.


South Korea’s KOSPI increased by 0.84% to 2,712.03. Australia’s ASX 200 grew by 0.27% to 7,842.6, while Japan’s NIKKEI slid by 0.19% to 38,629.19.

As for stocks in China, Shenzhen’s SZI dropped by 0.73% to 9,271.52. Hong Kong’s HSI declined by 0.09% to 18,460.93, while Shanghai’s SSEC climbed by 0.01% to 3,049.03.


Meanwhile, the US stock markets edged down on Thursday as NASDAQ decreased by 0.09% to 17,173.12. S&P 500 contracted by 0.02% to 5,352.96, while the Dow Jones Industrial Average (DJIA) rose by 0.2% to 38,886.17. VIX lost 0.4% to 12.58.


As for commodities, oil prices settled higher on Thursday after the European Central Bank announced its first rate cut in five years, raising expectations that the Federal Reserve may take a similar course of action, while OPEC+ ministers provided assurances to investors that the current oil production agreement could be adjusted based on market conditions. Brent futures gained $1.46 or 1.86% to $79.87 a barrel, and the West Texas Intermediate (WTI) rose $1.48 or 2% to $75.55.

This morning, Brent futures dropped 3 cents or 0.04% to $79.84 a barrel, and the WTI slid 4 cents or 0.05% to $75.51 per barrel.

Meanwhile, gold futures decreased by 0.06% to $2,389.5 per Troy ounce.