On Tuesday morning (6 August, 9:38 AM, GMT+7, Bangkok time), indices in Asia Pacific rebounded after Japan’s stock market experienced a notable resurgence, recovering from a substantial decrease of more than 12% in the Nikkei 225 and the Topix during the previous session as the global markets were rattled by concerns of a U.S. economic downturn fueled by a jobs report that fell below expectations.
Japan’s NIKKEI jumped by 9.22% to 34,359.76. South Korea’s KOSPI soared by 3.15% to 2,518.47, and Australia’s ASX 200 climbed by 0.3% to 7,672.4.
As for stocks in China, Shanghai’s SSEC gained 0.07% to 2,862.71. Hong Kong’s HSI edged up by 0.03% to 16,703.63, and Shenzhen’s SZI increased by 0.46% to 8,433.97.
Meanwhile, the US stock markets edged down on Monday as the Dow Jones Industrial Average (DJIA) dropped by 2.6% to 38,703.27. NASDAQ decreased by 3.43% to 16,200.08, and S&P 500 declined by 3% to 5,186.33. VIX surged by 64.9% to 38.57.
As for commodities, oil prices settled lower on Monday amidst a continued sell-off in global stock markets. However, concerns over potential retaliation from Iran following the assassination of a Hamas leader in Tehran helped cap the extent of the slide, with fears of a broader conflict in the Middle East tempering the market’s downturn. Brent futures slid 51 cents or 0.66% to settle at $76.30 a barrel, and the West Texas Intermediate (WTI) dipped 58 cents or 0.79% to settle at $72.94 per barrel.
This morning, Brent futures rose $1.09 or 1.43% to $77.39 a barrel, and the WTI grew $1.32 or 1.81% to $74.26 per barrel.
Meanwhile, gold futures climbed by 0.34% to $2,452.6 per Troy ounce.
