Asia Pacific Markets Rise as Japan’s Nikkei Surpasses 42,000 Mark

On Thursday morning (11 July, 9:27 AM, GMT+7, Bangkok time), indices in Asia Pacific increased as Japan’s Nikkei reached all-time high, exceeding the 42,000 level, while the region was also driven by a surge in big tech stocks in the US and increasing optimism regarding potential Federal Reserve interest rate reductions.


Japan’s NIKKEI grew by 0.93% to 42,219.49. South Korea’s KOSPI surged by 0.86% to 2,892.55, and Australia’s ASX 200 soared by 1.01% to 7,895.7.

As for stocks in China, Shanghai’s SSEC rose by 0.89% to 2,965.5. Hong Kong’s HSI gained 1.62% to 17,755.48, and Shenzhen’s SZI jumped by 2.09% to 8,878.55.


Meanwhile, the US stock markets edged up on Wednesday as the Dow Jones Industrial Average (DJIA) increased by 1.09% to 39,721.36. NASDAQ rose by 1.18% to 18,647.45, and S&P 500 surged by 1.02% to 5,633.91. VIX jumped by 2.72% to 12.85.


As for commodities, oil prices settled higher on Wednesday following a significant rise in US refining activity last week, leading to a more substantial decrease than anticipated in gasoline and crude stockpiles. However, the increase was limited as Hurricane Beryl did not cause significant disruptions to the oil supply. Brent futures rose 42 cents or 0.5% to $85.08 a barrel, and the West Texas Intermediate (WTI) increased 69 cents or 0.85% to $82.10 per barrel.

This morning, Brent futures gained 72 cents or 0.85% to $85.8 a barrel, and the WTI grew 68 cents or 0.83% to $82.78 per barrel.

Meanwhile, gold futures climbed by 0.05% to $2,380.8 per Troy ounce.