On Tuesday morning (16 September, 9:23 AM, GMT+7, Bangkok time), most major indices in Asia Pacific increased following news of a U.S.-China framework deal for U.S. ownership of TikTok.
U.S. and Chinese negotiators have agreed on a preliminary framework that would transfer ownership of short-video platform TikTok to U.S. control. The arrangement is expected to be formalized during a scheduled call on Friday between U.S. President Donald Trump and Chinese President Xi Jinping.
According to U.S. Treasury Secretary Scott Bessent, when the commercial terms are made public, the agreement will maintain elements of the app’s cultural character that are important to Chinese negotiators.
Japan’s NIKKEI rose by 0.43% to 44,958.49. South Korea’s KOSPI grew by 0.96% to 3,440.03, and Australia’s ASX 200 surged by 0.22% to 8,872.6.
As for stocks in China, Hong Kong’s HSI climbed by 0.1% to 26,472.93. Shenzhen’s SZI added 0.07% to 13,014.86, while Shanghai’s SSEC slid by 0.02% to 3,859.85.
The U.S. stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) gained 0.11% to 45,883.45. NASDAQ advanced by 0.94% to 22,348.74, and S&P 500 expanded by 0.47% to 6,615.28. VIX jumped by 6.3% to 15.69.
As for commodities, oil prices settled higher on Monday as markets weighed Ukrainian drone strikes on Russian refineries and U.S. President Donald Trump’s pressure on NATO allies to stop buying Russian oil. Brent crude rose 45 cents, or 0.67%, to close at $67.44 per barrel, while U.S. West Texas Intermediate crude increased by 61 cents, or 0.97%, to settle at $63.30 a barrel.
This morning, Brent futures increased 20 cents, or 0.3%, to $67.64 a barrel, and the West Texas Intermediate (WTI) edged up 18 cents, or 0.28%, to $63.48 per barrel.
Meanwhile, gold futures climbed 0.01% to $3,719.3 per Troy ounce.
