On Tuesday (9 June, 9:21 AM, GMT+7, Bangkok time), major indices in the Asia Pacific saw varied performance as investors assessed the evolving situation between Iran and Israel and factored in gains from U.S. semiconductor stocks the previous session, which provided underlying strength for technology shares in Asia.
According to CNBC, Iran’s foreign ministry stated that the country has paused military action toward Israel but cautioned about the resumption of operations should Israeli activity persist in Lebanon. Meanwhile, Israeli Prime Minister Benjamin Netanyahu said hours later that the confrontations with Iran and Hezbollah remained unresolved.
Energy price fluctuations and their prospects for inflation are drawing close attention following robust U.S. jobs data on Friday, which increased expectations of additional rate hikes. The May consumer price index, slated for release Wednesday, is forecast to indicate a 4.2% annual rise—the fastest pace in over three years.
Japan’s NIKKEI rose by 0.80% to 64,535.90. South Korea’s KOSPI surged 3.55% to 7,750.24, while Australia’s ASX 200 dropped by 0.52% to 8,580.10.
As for stocks in China, Shanghai’s SSEC climbed by 0.21% to 3,967.78. Shenzhen’s SZI grew by 0.90% to 14,954.68, while Hong Kong’s HSI fell by 0.20% to 24,608.34.
The U.S. stock markets were mixed on Monday as NASDAQ gained 0.86% to 25,929.66. S&P 500 added 0.30% to 7,405.73, while the Dow Jones Industrial Average (DJIA) slid by 0.16% to 50,786.01. VIX plunged by 12.04% to 18.92.
As for commodities, oil prices settled higher on Monday after Iran and Israel indicated a pause in hostilities, following a call from U.S. President Donald Trump to halt attacks. Brent crude futures rose $1.16, or 1.3%, ending the session at $94.25 per barrel. U.S. West Texas Intermediate crude advanced by 76 cents, or 0.8%, settling at $91.30 per barrel.
This morning, Brent futures contracted 64 cents, or 0.68%, to $93.61 per barrel, and the WTI futures decreased 68 cents, or 0.74%, to $90.62 per barrel.
Meanwhile, gold futures declined by 0.20% to $4,354.70 per Troy ounce.
