Asia Pacific Markets Trade Mixed ahead of US CPI and China’s Inflation Data

On Tuesday morning (9 July, 9:28 AM, GMT+7, Bangkok time), indices in Asia Pacific trade mixed following the closure of the S&P 500 and the Nasdaq Composite at all-time highs in the previous session. Investors kept their eyes on the announcement of CPI figures from the US on Thursday, as well as inflation data from China on Wednesday.


Japan’s NIKKEI soared by 1.26% to 41,293.17. South Korea’s KOSPI climbed by 0.02% to 2,858.37, and Australia’s ASX 200 rose by 0.7% to 7,817.8.

As for stocks in China, Shanghai’s SSEC fell by 0.32% to 2,913.01. Hong Kong’s HSI dropped by 0.51% to 17,434.76, and Shenzhen’s SZI dipped by 0.15% to 8,549.38.


Meanwhile, the US stock markets were mixed on Monday as NASDAQ grew by 0.28% to 18,403.74. S&P 500 edged up by 0.1% to 5,572.85, while the Dow Jones Industrial Average (DJIA) slid by 0.08% to 39,344.79. VIX contracted by 0.88% to 12.37.


As for commodities, oil prices settled lower on Monday despite the closure of U.S. refineries and ports along the Gulf of Mexico caused by Hurricane Beryl. Meanwhile, optimism about a potential ceasefire agreement in Gaza also contributed to easing concerns about disruptions in global crude supply. Brent futures decreased 79 cents or 0.9% to $85.75 a barrel, and the West Texas Intermediate (WTI) declined 83 cents or 1.0% to $82.33 per barrel.

This morning, Brent futures lost 21 cents or 0.24% to $85.54 a barrel, and the WTI decreased 23 cents or 0.28% to $82.1 per barrel.

Meanwhile, gold futures surged by 0.22% to $2,368.7 per Troy ounce.