On Thursday morning (24 October, 9:25 AM, GMT+7, Bangkok time), most indices in Asia Pacific decreased as Wall Street extended losses while inventors also digested South Korea’s 3Q24 GDP growth.
On a quarterly basis, South Korea reported a 0.1% GDP growth in its third quarter of 2024, missing a 0.5% growth expected by economists in a Reuters poll.
Meanwhile, the country’s economy also saw a 1.5% increase year-on-year, below economists’ forecast of 2%.
Japan’s NIKKEI climbed by 0.03% to 38,116.39. Australia’s ASX 200 grew by 0.17% to 8,230, while South Korea’s KOSPI declined by 0.23% to 2,593.66.
As for stocks in China, Shanghai’s SSEC contracted by 0.71% to 3,279.47. Hong Kong’s HSI slumped by 1.22% to 20,506.36, and Shenzhen’s SZI plummeted by 1.23% to 10,446.52.
Meanwhile, the US stock markets edged down on Wednesday as the Dow Jones Industrial Average (DJIA) decreased by 0.96% to 42,514.95. NASDAQ lost 1.6% to 18,276.65, S&P 500 dropped by 0.92% to 5,797.42. VIX soared by 5.71% to 19.24.
As for commodities, oil prices settled lower on Wednesday as U.S. crude inventories surged beyond expectations, despite a recovery in refining operations. However, futures maintained a 2% increase for the week amid ongoing tensions in the Middle East. Brent futures lost $1.08 or 1.42% to $74.96 a barrel, and the West Texas Intermediate (WTI) dropped 97 cents or 1.35% to $70.77 per barrel.
This morning, Brent futures surged 76 cents or 1.01% to $75.72 a barrel, and the WTI rose 81 cents or 1.14% to $71.58 per barrel.
Meanwhile, gold futures climbed 0.21% to $2,735.2 per Troy ounce.
