On Thursday morning (27 November, 9:22 AM, GMT+7, Bangkok time), major indices in Asia Pacific exhibited a positive trend, tracking gains on Wall Street, amid the U.S. Fed’s rate cut optimism and a rebound in the technology sector.
In South Korea, the country’s central bank opted to leave its key interest rate steady at 2.5% for the fourth straight meeting, as anticipated by economists, with concerns lingering over a depreciating won and persistent strength in the housing market.
Meanwhile, industrial profits in China declined by 5.5% year-on-year in October. For the first ten months of the year, profits increased by 1.9% compared to the same period last year, marking a slowdown from the 3.2% rise recorded between January and September.
Japan’s NIKKEI soared by 1.24% to 50,173.02. South Korea’s KOSPI increased by 1.26% to 4,010.78, and Australia’s ASX 200 added 0.20% to 8,623.30.
As for stocks in China, Shanghai’s SSEC gained 0.60% to 3,887.39. Shenzhen’s SZI surged by 1.25% to 13,069.14, and Hong Kong’s HSI rose by 0.50% to 26,056.55.
The U.S. stock markets edged up on Wednesday as the Dow Jones Industrial Average (DJIA) grew by 0.67% to 47,427.12. NASDAQ expanded by 0.82% to 23,214.69, and S&P 500 escalated by 0.69% to 6,812.61. VIX fell by 7.38% to 17.19.
As for commodities, oil prices settled higher on Wednesday as investors weighed the potential for oversupply and monitored discussions on a possible Russia-Ukraine peace agreement ahead of the U.S. Thanksgiving holiday. Brent crude futures finished up 65 cents, or 1.04%, at $63.13 per barrel, while U.S. West Texas Intermediate crude futures advanced 70 cents, or 1.21%, to settle at $58.65.
This morning, Brent crude futures slid 28 cents, or 0.44%, to $62.85 per barrel, and the WTI dropped 21 cents, or 0.36%, to $58.44 per barrel.
Meanwhile, gold futures declined by 0.28% to $4,153.50 per Troy ounce.
