Asia Pacific Markets Fall ahead of Key Economic Data from China

On Monday morning (17 June, 9:25 AM, GMT+7, Bangkok time), most indices in Asia Pacific decreased as investors monitored the announcement of economic data from China, including May retail sales, industrial output, and urban unemployment rate. Meanwhile, the People’s Bank of China (PBOC) maintained the interest rate on one-year medium-term lending facility (MLF) loans at 2.50%.


Japan’s NIKKEI slumped by 1.76% to 38,129.77. Australia’s ASX 200 slid by 0.16% to 7,711.9, and South Korea’s KOSPI lost 0.17% to 2,753.64.

As for stocks in China, Shenzhen’s SZI climbed by 0.07% to 9,258.39. Hong Kong’s HSI rose by 0.22% to 17,982.11, while Shanghai’s SSEC dipped by 0.35% to 3,021.91.


Meanwhile, the US stock markets were mixed on Friday as the Dow Jones Industrial Average (DJIA) decreased by 0.15% to 38,589.16. S&P 500 edged down by 0.04% to 5,431.6, while NASDAQ grew by 0.12% to 17,688.88. VIX jumped by 6.03% to 12.66.


As for commodities, oil prices settled lower on Friday as a survey indicated weak US consumer sentiment in June, marking a seven-month low. Brent futures dropped 13 cents or 0.15% to $82.62 a barrel, and the West Texas Intermediate (WTI) declined 17 cents or 0.21% to $78.45.

This morning, Brent futures lost 17 cents or 0.21% to $82.45 a barrel, and the WTI slid 17 cents or 0.22% to $78.28 per barrel.

Meanwhile, gold futures contracted 0.43% to $2,339 per Troy ounce.