All Asia Pacific major indices fell on Friday morning (10 Nov, 9:30 AM, GMT+7, Bangkok time), after the Fed Chair Jerome Powell commented that he and his peers did not have confidence in the current monetary policy situation. This caused the markets to anticipate further rate hikes as a global selloff since last night.
Japan’s NIKKEI fell by 1% to 32,318.91. South Korea’s KOSPI fell by 1.07% to 2,401.05, and Australia’s ASX 200 dropped by 0.53% to 6,977.5.
As for stocks in China, Shanghai’s SSEC edged down by 0.68% to 3,032.48. Hong Kong’s HSI fell by 1.55% to 17,239.59, and Shenzhen’s SZI edged down by 0.67% to 9,965.25.
As for the US markets last night, the majority of stocks had a significant drop, especially in the healthcare sector which led by LLY that fell by over 4%, while other leading stocks like TSLA also fell by over 5% as well.
Dow Jones Industrial Average (DJIA) dropped by 0.65% to 33,891.94. NASDAQ fell by 0.94% to 13,521.45 and S&P 500 dropped by 0.81% to 4,347.35. On the other hand, VIX jumped by 5.81% to 15.29.
As for commodities futures, Brent settled higher by 0.59% at $80.01 per barrel, while the West Texas Intermediate (WTI) also rose by 0.54% to $75.74 a barrel.
As for this morning, Brent rose by 0.16% to $80.14 a barrel and WTI also rose by 0.04% to $75.77 per barrel as well. Moreover, the gold futures continued to edge down by 0.42% to $1,961.5 per Troy ounce.
