On Tuesday morning (27 August, 9:46 AM, GMT+7, Bangkok time), indices in Asia Pacific decreased, mirroring the S&P 500 and Nasdaq losses from the previous day. Meanwhile, investors also analyzed industrial profit figures from China.
China’s industrial profits increased by 3.6% year-on-year for the period spanning January to July, a slight uplift from the 3.5% growth reported between January and June.
Japan’s NIKKEI slid by 0.18% to 38,040.88. South Korea’s KOSPI declined by 0.45% to 2,685.82, while Australia’s ASX 200 climbed by 0.03% to 8,086.7.
As for stocks in China, Shanghai’s SSEC dipped by 0.25% to 2,848.42. Hong Kong’s HSI contracted by 0.37% to 17,733.2, and Shenzhen’s SZI dropped by 1.01% to 8,111.5.
Meanwhile, the US stock markets were mixed on Monday as NASDAQ decreased by 0.85% to 17,725.76. S&P 500 lost 0.32% to 5,616.84, while the Dow Jones Industrial Average (DJIA) rose by 0.16% to 41,240.52. VIX jumped by 1.83% to 16.15.
As for commodities, oil prices settled higher on Monday, driven by production cuts in Libya and mounting worries over supply due to escalating conflict in the Middle East. Brent futures gained $2.41 or 3.05% to settle at $81.43 a barrel, and the West Texas Intermediate (WTI) grew $2.59 or 3.5% to settle at $77.42 per barrel.
This morning, Brent futures dropped 15 cents or 0.18% to $81.28 a barrel, and the WTI fell 24 cents or 0.31% to $77.18 per barrel.
Meanwhile, gold futures decreased by 0.47% to $2,543.3 per Troy ounce.
