On Tuesday morning (23 September, 9:13 AM, GMT+7, Bangkok time), most major indices in Asia Pacific mirrored gains on Wall Street, bolstered by rallies in tech stocks. This followed an announcement from the tech giant Nvidia regarding its collaboration with OpenAI.
Nvidia announced plans on Monday to invest up to $100 billion in OpenAI, supporting the lab’s drive to build large-scale data centers powered by Nvidia AI processors. The initiative will see OpenAI deploy systems requiring 10 gigawatts of power, highlighting the substantial infrastructure needed for advanced AI development.
In the region, the Hang Seng Index in Hong Kong opened lower as the city prepares for the Ragasa typhoon. Officials have cautioned that weather conditions are set to deteriorate later on Tuesday, with the typhoon forecast to approach the Pearl River Estuary by Wednesday morning.
Meanwhile, markets in Japan are closed for the holiday.
South Korea’s KOSPI expanded by 0.12% to 3,472.66, and Australia’s ASX 200 increased by 0.3% to 8,837.1.
As for stocks in China, Shanghai’s SSEC slid by 0.01% to 3,828.28. Hong Kong’s HSI fell by 0.31% to 26,263.57, while Shenzhen’s SZI rose by 0.28% to 13,194.66.
The U.S. stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) grew by 0.14% to 46,381.54. NASDAQ escalated 0.7% to 22,788.97, and S&P 500 added 0.44% to 6,693.75. VIX jumped by 4.21% to 16.1.
As for commodities, oil prices settled lower on Monday as oversupply concerns overshadowed ongoing geopolitical risks in Russia and the Middle East. Brent crude futures settled down 11 cents, or 0.2%, at $66.57 a barrel. U.S. West Texas Intermediate crude for October, which expired Monday, finished 4 cents lower at $62.64 a barrel, while the more actively traded second-month contract declined 12 cents, or 0.2%, to settle at $62.28.
This morning, Brent futures dipped 27 cents, or 0.41%, to $66.3 a barrel, and the West Texas Intermediate (WTI) shrank 23 cents, or 0.37%, to $62.05 per barrel.
Meanwhile, gold futures gained 0.35% to $3,788.3 per Troy ounce.
