On Tuesday morning (25 November, 9:33 AM, GMT+7, Bangkok time), most major indices in Asia Pacific exhibited an upward trend, following a rebound in U.S. technology shares led by Google’s parent company, Alphabet, amid renewed expectations for a Federal Reserve interest rate reduction.
Market confidence in Alphabet’s position within the artificial intelligence sector was buoyed last week after the company revealed its enhanced AI system, Gemini 3. Shares of Alphabet climbed 6.31% at the close of trading on Monday.
As expectations for further easing gain ground, CME Group’s FedWatch tool now shows an 81% probability that the Federal Reserve will trim rates by a quarter point at its forthcoming December 9-10 meeting—a figure that’s nearly doubled in just a week.
The surge in odds comes as Federal Reserve officials and investors increasingly point to persistent softness in the labor market and subdued inflation as justification for additional support.
Japan’s NIKKEI increased by 0.86% to 49,044.90. South Korea’s KOSPI surged by 0.86% to 3,879.01, while Australia’s ASX 200 slid by 0.12% to 8,514.50.
As for stocks in China, Shanghai’s SSEC rose by 0.81% to 3,867.71. Shenzhen’s SZI jumped by 1.71% to 12,800.13, and Hong Kong’s HSI grew by 1.07% to 25,991.77.
The U.S. stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) escalated by 0.44% to 46,448.27. NASDAQ gained 2.69% to 22,872.00, and S&P 500 soared by 1.55% to 6,705.12. VIX plummeted by 12.42% to 20.52.
As for commodities, oil prices settled higher on Monday as expectations grew for a potential U.S. interest rate cut in December and skepticism increased over the likelihood of Russia securing a peace agreement with Ukraine that could lead to higher oil exports from Moscow. Brent crude futures settled up 81 cents, or 1.3%, at $63.37 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by 78 cents, also 1.3%, ending the session at $58.84 per barrel.
This morning, Brent crude futures lost 14 cents, or 0.22%, to $63.23 per barrel, and the WTI fell 11 cents, or 0.19%, to $58.73 per barrel.
Meanwhile, gold futures added 1.11% to $4,139.80 per Troy ounce.
