Asia Pacific Markets Trade Mixed after China Deflation Persists

Asia Pacific major indices were mixed on Thursday morning (9 Nov, 9:30 AM, GMT+7, Bangkok time), after the China October Consumer Price Index or CPI published at -0.2% which was worse than 0.0% last month, while the Producer Price Index or PPI shrank -2.6%, which was lesser than -2.8% expectation but still more than -2.5% of the previous month.

 

Japan’s NIKKEI rose by 0.81% to 32,428.27. South Korea’s KOSPI climbed by 0.42% to 2,431.71, and Australia’s ASX 200 rose by 0.63% to 7,039.6.

As for stocks in China, Shanghai’s SSEC edged up by 0.1% to 3,060.05. Hong Kong’s HSI slid by 0.17% to 17,537.86, and Shenzhen’s SZI edged down by 0.08% to 10,044.16.

 

Meanwhile, there was no direction on US markets last night, as ORCL and LLY rose by 3% while the overall energy, utilities and healthcare stocks seemed to fall as energy price drops continued.

Dow Jones Industrial Average (DJIA) slid by 0.12% to 34,112.27. NASDAQ edged up by 0.08% to 13,650.41 and S&P 500 rose by 0.1% to 4,382.78. On the other hand, VIX falling rate became less and less at 0.36% to 14.45.

 

As for commodities futures, Brent settled at further lower by 2.54% to $79.54 per barrel, while the West Texas Intermediate (WTI) also dropped by 2.64% to $75.33 a barrel.

As for this morning, Brent rose by 0.54% to $79.97 a barrel and WTI also rose by 0.56% to $75.75 per barrel as well. Moreover, the gold futures continued to edge down by 0.08% to $1,956.3 per Troy ounce.