On Tuesday morning (12 November, 9:17 AM, GMT+7, Bangkok time), indices in Asia Pacific traded mixed as investors remained cautious while the Dow Jones Industrial Average reached a new peak after the presidential election.
Traders in the region will also keep a close watch on various economic indicators such as the National Australia Bank’s business sentiment survey, Indonesia’s September retail sales data, and India’s consumer price index for October.
Later in the day, the oil cartel OPEC will publish its monthly report on the oil market.
South Korea’s KOSPI fell by 0.6% to 2,516.45. Australia’s ASX 200 slid by 0.33% to 8,238.7, while Japan’s NIKKEI rose by 0.66% to 39,793.39.
As for stocks in China, Shanghai’s SSEC climbed by 0.23% to 3,477.96. Shenzhen’s SZI jumped by 1.15% to 11,519.17, while Hong Kong’s HSI contracted by 0.44% to 20,337.53.
Meanwhile, the US stock markets extended gains on Monday as the Dow Jones Industrial Average (DJIA) increased by 0.69% to 44,293.13. NASDAQ gained 0.06% to 19,298.76, and S&P 500 surged by 0.1% to 6,001.35. VIX edged up by 0.2% to 14.97.
As for commodities, oil prices settled lower on Monday following a letdown from China’s recent stimulus package, leaving investors disappointed as they hoped for increased demand from the world’s second-largest oil consumer. At the same time, projections indicated a potential increase in supply for the year 2025. Brent futures dropped $2.04 or 2.76% to $71.83 a barrel, and the West Texas Intermediate (WTI) lost $2.34 or 3.32% to $68.04 per barrel.
This morning, Brent futures remained unchanged at $71.83 a barrel, and the WTI grew 3 cents or 0.04% to $68.07 per barrel.
Meanwhile, gold futures climbed 0.37% to $2,627.5 per Troy ounce.
