On Tuesday morning (29 October, 9:30 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed despite the positive performance on Wall Street. Investors are focusing on upcoming earnings reports from major tech companies, which could potentially drive the Nasdaq Composite index to record levels in the current week.
Meanwhile, traders in Asia will also be keeping a close watch on Singapore’s unemployment figures.
This week is expected to be the peak period for third-quarter earnings reports, with significant events such as the U.S. presidential election on November 5 and the Federal Reserve’s policy announcement on November 7, as well as the release of the US October jobs report scheduled for Friday.
Japan’s NIKKEI rose by 0.57% to 38,824.82. Australia’s ASX 200 grew by 0.48% to 8,261.1, while South Korea’s KOSPI slid by 0.4% to 2,602.04.
As for stocks in China, Shanghai’s SSEC dipped by 0.17% to 3,316.57. Shenzhen’s SZI declined by 0.23% to 10,660.98, while Hong Kong’s HSI surged by 0.62% to 20,727.69.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) soared by 0.65% to 42,387.57. NASDAQ increased by 0.26% to 18,567.19, and S&P 500 gained 0.27% to 5,823.52. VIX slumped by 2.61% to 19.8.
As for commodities, oil prices settled lower on Monday, marking the most significant decline in over two years. This drop came after Iranian energy installations remained unharmed following Israeli airstrikes over the weekend. Brent futures lost $4.63 or 6.09% to $71.42 a barrel, and the West Texas Intermediate (WTI) dropped $4.4 or 6.13% to $67.38 per barrel.
This morning, Brent futures surged 37 cents or 0.52% to $71.79 a barrel, and the WTI grew 37 cents or 0.55% to $67.75 per barrel.
Meanwhile, gold futures gained 0.45% to $2,768.3 per Troy ounce.
