On Tuesday morning (23 December, 9:17 AM, GMT+7, Bangkok time), major indices in the Asia Pacific increased, buoyed by robust overnight gains in the U.S. technology sector linked to AI advancements.
Chipmaker Nvidia saw its shares increase over 1% following a Reuters report that it plans to begin delivering H200 chips to China by mid-February. Meanwhile, Micron Technology shares moved up approximately 4%, and Oracle also registered a rise of more than 3%.
On the economic front, investors are eyeing Singapore’s upcoming consumer price index for November. According to a Reuters survey of economists, inflation in the city-state is expected to rise to its highest level in 2025.
Japan’s NIKKEI climbed by 0.16% to 50,482.10. South Korea’s KOSPI rose by 0.54% to 4,128.18, and Australia’s ASX 200 surged by 0.85% to 8,773.80.
As for stocks in China, Shanghai’s SSEC expanded by 0.11% to 3,921.67. Shenzhen’s SZI grew by 0.09% to 13,344.05, and Hong Kong’s HSI increased by 0.16% to 25,844.21.
The U.S. stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) gained 0.47% to 48,362.68. NASDAQ added 0.52% to 23,428.82, and S&P 500 escalated by 0.64% to 6,878.49. VIX plummeted by 5.57% to 14.08.
As for commodities, oil prices settled higher on Monday, following an attempt by the U.S. Coast Guard to interdict an oil tanker in international waters off the coast of Venezuela, and damage inflicted by Ukraine to two ships and port infrastructure in Russia, escalating concerns about potential disruptions to oil supply. Brent crude futures climbed $1.60, or 2.7%, ending at $62.07 per barrel, while U.S. West Texas Intermediate crude increased by $1.49, or 2.6%, to finish at $58.01 per barrel.
This morning, Brent crude futures declined 12 cents, or 0.19%, to $61.95 per barrel, and the WTI fell 14 cents, or 0.24%, to $57.87 per barrel.
Meanwhile, gold futures rose by 1.07% to $4,517.00 per Troy ounce.
