On Wednesday morning (7 August, 9:22 AM, GMT+7, Bangkok time), most indices in Asia Pacific increased after the US markets rebounded from three consecutive days of losses.
Investors in Asia are set to analyze China’s July trade figures later today. Economists are predicting a 9.7% year-on-year increase in exports, surpassing June’s 8.6% gain, while imports are forecasted to rise by 3.5% compared to a 2.3% decline in June.
Japan’s NIKKEI rose by 1.91% to 35,336.3. South Korea’s KOSPI jumped by 2.42% to 2,583.06, and Australia’s ASX 200 grew by 0.39% to 7,710.8.
As for stocks in China, Shanghai’s SSEC edged up by 0.15% to 2,871.56. Hong Kong’s HSI surged by 1.1% to 16,831.15, while Shenzhen’s SZI slid by 0.13% to 8,452.54.
Meanwhile, the US stock markets edged up on Tuesday as the Dow Jones Industrial Average (DJIA) gained 0.76% to 38,997.66. NASDAQ soared by 1.03% to 16,366.85, and S&P 500 increased by 1.04% to 5,240.03. VIX slumped by 28.16% to 27.71.
As for commodities, oil prices settled higher on Tuesday as investors’ focus shifted towards supply constraints, while financial markets showed signs of recuperation following a recent downturn. Brent futures rose 18 cents or 0.2% to settle at $76.48 a barrel, and the West Texas Intermediate (WTI) gained 26 cents or 0.4% to settle at $73.20 per barrel.
This morning, Brent futures dipped 10 cents or 0.13% to $76.38 a barrel, and the WTI lost 16 cents or 0.22% to $73.04 per barrel.
Meanwhile, gold futures dropped by 0.25% to $2,425.6 per Troy ounce.
