Asia Pacific Markets Increase as Investors Assess Economic Data from S.Korea and Japan

On Tuesday morning (25 June, 9:25 AM, GMT+7, Bangkok time), most indices in Asia Pacific increased as investors digested key economic data from South Korea and Japan.

South Korea’s consumer confidence in June rose to 100.9 compared to 98.4 in May, while the services producer price index for Japan grew 2.5% on a yearly basis in May compared to the 2.7% uplift in April.


Japan’s NIKKEI surged by 0.51% to 39,004.34. South Korea’s KOSPI grew by 0.43% to 2,776.49, and Australia’s ASX 200 rose by 0.95% to 7,806.8.

As for stocks in China, Shanghai’s SSEC edged up by 0.08% to 2,965.42. Hong Kong’s HSI increased by 0.83% to 18,177.5, while Shenzhen’s SZI slid by 0.09% to 8,915.86.


Meanwhile, the US stock markets were mixed on Monday as NASDAQ dropped by 1.09% to 17,496.82. S&P 500 declined by 0.31% to 5,447.87, while the Dow Jones Industrial Average (DJIA) increased by 0.67% to 39,411.21. VIX soared by 0.98% to 13.33.


As for commodities, oil prices settled higher on Monday following expectations of heightened demand during the summer season and concerns over supply stemming from tensions in the Middle East and drone strikes on Russian refineries. Moreover, the weakening US dollar also put pressure on the prices. Brent futures increased 77 cents or 0.9% to $86.01 a barrel, and the West Texas Intermediate (WTI) gained 90 cents or 1.1% to $81.63 per barrel.

This morning, Brent futures slid 8 cents or 0.09% to $85.93 a barrel, and the WTI lost 5 cents or 0.06% to $81.58 per barrel.

Meanwhile, gold futures dropped by 0.3% to $2,337.4 per Troy ounce.