On Wednesday morning (28 May, 9:35 AM, GMT+7, Bangkok time), indices in Asia Pacific traded mixed, with Wall Street showing a positive trend amid trader optimism after President Donald Trump pushed back the implementation date for a planned 50% tariff on goods from the European Union to July 9.
Australian inflation surpassed expectations in April, driven by increased insurance and holiday expenses, which outweighed lower petrol prices. The consumer price index climbed 2.4% year-on-year, holding steady from March, but slightly exceeding analyst projections of 2.3%.
Meanwhile, investors also pay attention to Nvidia’s earnings report and the release of minutes from the Federal Reserve’s May policy meeting, expected Wednesday afternoon in the U.S.
Japan’s NIKKEI rose by 0.48% to 37,906.18. South Korea’s KOSPI jumped by 1.72% to 2,682.54, and Australia’s ASX 200 increased by 0.22% to 8,425.7.
As for stocks in China, Shanghai’s SSEC slid by 0.03% to 3,339.66. Hong Kong’s HSI fell by 0.39% to 23,291.93, and Shenzhen’s SZI dipped by 0.09% to 10,019.66.
Meanwhile, the US stock markets edged up on Tuesday as the Dow Jones Industrial Average (DJIA) surged by 1.78% to 42,343.65. NASDAQ gained 2.47% to 19,199.16, and S&P 500 soared by 2.05% to 5,921.54. VIX plummeted by 7.83% to 18.96.
As for commodities, oil prices settled lower on Tuesday, pressured by concerns of oversupply as negotiations between U.S. and Iranian representatives showed progress. Additionally, traders anticipated that OPEC+ may announce a production hike at its upcoming meeting. Brent futures declined 65 cents or 1% to $64.09 a barrel, and the West Texas Intermediate (WTI) lost 64 cents or 1.04% to $60.89 per barrel.
This morning, Brent futures added 31 cents or 0.48% to $64.4 a barrel, and the WTI futures edged up 33 cents or 0.54% to $61.22 per barrel.
Meanwhile, gold futures climbed 0.16% to $3,305.8 per Troy ounce.
