Asia-Pacific Markets Surge as Investors Analyze Central Banks’ Policy Changes in the Region

On Monday morning (23 September, 9:30 AM, GMT+7, Bangkok time), most indices in Asia Pacific exhibited positive performances as investors processed recent monetary policy announcements from Japan and China, along with the notable interest rate decrease by the U.S. Federal Reserve last week.

The Reserve Bank of Australia commenced its two-day policy meeting on Monday, while Singapore is also poised to unveil its August consumer prices index, garnering attention from market participants.

Meanwhile, Japan’s markets were closed due to a public holiday.

 

South Korea’s KOSPI climbed by 0.09% to 2,595.71, while Australia’s ASX 200 dropped by 0.82% to 8,142.5.

As for stocks in China, Shanghai’s SSEC grew by 0.2% to 2,742.41. Hong Kong’s HSI rose by 0.35% to 18,323.21, and Shenzhen’s SZI increased by 0.31% to 8,099.93.

 

Meanwhile, the US stock markets edged down on Friday as NASDAQ declined by 0.36% to 17,948.32. S&P 500 slid by 0.19% to 5,702.55, while the Dow Jones Industrial Average (DJIA) gained 0.09% to 42,063.36. VIX slumped by 1.1% to 16.15.

 

As for commodities, oil prices settled lower on Friday after recent gains, marking a second consecutive week of ascension driven by a U.S. interest rate reduction and a decline in U.S. supply levels. Brent futures fell 39 cents or 0.52% to $74.49 a barrel, and the West Texas Intermediate (WTI) dipped 3 cents or 0.4% to $71.92 per barrel.

This morning, Brent futures edged up 42 cents or 0.56% to $74.91 a barrel, and the WTI surged 45 cents or 0.63% to $71.45 per barrel.

Meanwhile, gold futures contracted by 0.06% to $2,644.6 per Troy ounce.