Asia Pacific Markets Rise as Dot Plot Points to Rate Cut in September

On Thursday morning (13 June, 9:31 AM, GMT+7, Bangkok time), indices in Asia Pacific increased across the region after the US Federal Reserve announced its decision to hold interest rates at 5.25% to 5.5% while also shifting its dot plot to project only one rate cut in September. Meanwhile, US inflation figures in May remained unchanged at a 3.3% rise YoY.


Japan’s NIKKEI climbed by 0.15% to 38,934.73. South Korea’s KOSPI jumped by 1.45% to 2,767.6, and Australia’s ASX 200 grew by 0.54% to 7,757.5.

As for stocks in China, Shanghai’s SSEC increased by 0.03% to 3,038.4. Shenzhen’s SZI gained 0.15% to 9,283.94, and Hong Kong’s HSI surged by 0.89% to 18,097.61.


Meanwhile, the US stock markets were mixed on Wednesday as NASDAQ soared by 1.53% to 17,608.44. S&P 500 rose by 0.85% to 5,421.03, while the Dow Jones Industrial Average (DJIA) slid by 0.09% to 38,712.21. VIX slumped by 6.3% to 12.04.


As for commodities, oil prices settled higher on Wednesday as they were pressured by tensions in the Middle East. However, gains were limited after reports suggested that interest rate reductions might not begin until December. Brent futures gained 68 cents or 0.83% to $82.60 a barrel, and the West Texas Intermediate (WTI) rose 60 cents or 0.77% to $78.50.

This morning, Brent futures lost 30 cents or 0.36% to $82.3 a barrel, and the WTI dropped 31 cents or 0.39% to $78.19 per barrel.

Meanwhile, gold futures decreased by 1.03% to $2,330.5 per Troy ounce.