On Tuesday (10 November, 10:28 AM, GMT+7, Bangkok time), major indices in the Asia-Pacific echoed the positive momentum from U.S. markets as investor confidence was buoyed by a notable drop in crude oil prices and renewed interest in technology shares.
Notably, trading activity in South Korea was temporarily curbed after the main Kospi index experienced a surge exceeding 5%. The Korea Exchange responded by activating its “sidecar” mechanism, which momentarily suspended program-driven buying orders for five minutes to moderate volatility.
U.S. markets rebounded on Monday following a period of volatility, with some investors wary about a potential slowdown in data center investments after Democratic successes in recent midterm elections. While the broader technology sector strengthened during regular trading, Nvidia shares fell by 4%.
The decline followed disclosure by the company’s CEO, Jensen Huang, about a personal relationship with a woman whom U.S. intelligence agencies reportedly identify as an operative for China’s Ministry of State Security, according to The New York Times. In response, Nvidia’s board initiated an independent review, referencing reports that Huang may have been targeted by a foreign intelligence operation.
Looking ahead, attention is focused on the upcoming release of U.S. consumer price index data for October. According to a Dow Jones survey, economists anticipate headline CPI to rise by 0.3%, while core CPI—which excludes more volatile food and energy categories—is expected to increase by 0.2% compared to the previous month.
Should forecasts prove accurate, these figures would reflect a slowing pace from September, when headline inflation printed at 0.6% and core CPI advanced 0.3%. Investors are closely monitoring the data as they evaluate the outlook for inflation and its implications for monetary policy.
Japan’s NIKKEI climbed by 2.89% to 60,475.78. South Korea’s KOSPI surged by 4.46% to 5,242.49, and Australia’s ASX 200 rose by 1.28% to 9,145.50.
Shanghai’s SSEC edged up by 0.14% to 3,665.74. Shenzhen’s SZI increased by 0.85% to 11,240.17, and Hong Kong’s HSI advanced 0.36% to 24,537.00.
The U.S. stock markets moved higher on Monday as the Dow Jones Industrial Average (DJIA) gained 2.15% to 52,389.75. NASDAQ rose 2.74% to 25,253.14, and the S&P 500 advanced by 2.35% to 7,549.94. VIX fell by 22.31% to 19.92.
As for commodities, oil prices settled lower on Monday following comments from U.S. President Donald Trump, who minimized the chances of launching further strikes against Iran. Brent crude futures ended the session at $92.57 per barrel, a drop of $5.75 or 5.85%. U.S. West Texas Intermediate futures finished at $86.85, falling $3.98 or 4.38%.
This morning, Brent futures dropped 83 cents, or 0.90%, to $91.74 per barrel, and WTI futures declined 93 cents, or 1.07%, to $85.92 per barrel.
Meanwhile, gold futures added 0.22% to $4,123.50 per troy ounce.
