On Tuesday morning (19 November, 9:19 AM, GMT+7, Bangkok time), indices in Asia Pacific increased across the region following the uptrend on Wall Street driven by Tesla’s surge. Meanwhile, investors are also closely analyzing remarks from Chinese financial authorities at an investment conference in Hong Kong.
During the summit, Chinese Vice Premier He Lifeng stated that China will back innovation and financial restructuring in Hong Kong, boosting the city’s financial competitive edge, and reaffirmed Beijing’s dedication to developing Hong Kong into a global financial hub through strategic initiatives.
In Australia, the Reserve Bank of Australia at a meeting earlier this month reiterated the stance that although there is currently no urgency to modify interest rates, it is crucial to adopt a proactive approach and be prepared to make adjustments in response to evolving economic circumstances.
Japan’s NIKKEI grew by 0.53% to 38,422.22. South Korea’s KOSPI climbed by 0.24% to 2,474.9, and Australia’s ASX 200 jumped by 1.22% to 8,401.5.
As for stocks in China, Shanghai’s SSEC surged by 0.28% to 3,333.03. Hong Kong’s HSI escalated by 0.62% to 19,697.28, and Shenzhen’s SZI gained 0.7% to 10,618.
Meanwhile, the US stock markets edged up on Monday as NASDAQ increased by 0.6% to 18,791.81. S&P 500 expanded by 0.39% to 5,893.62, while the Dow Jones Industrial Average (DJIA) slid by 0.13% to 43,389.6. VIX slumped by 3.47% to 15.58.
As for commodities, oil prices settled higher on Monday following reports of a pause in crude production at Norway’s Johan Sverdrup oilfield, bolstering previous gains driven by the intensifying conflict between Russia and Ukraine. Brent futures added $2.26 or 3.18% to $73.30 a barrel, and the West Texas Intermediate (WTI) rose $2.14 or 3.19% to $69.16 per barrel.
This morning, Brent futures surged 11 cents or 0.15% to $73.41 a barrel, and the WTI gained 8 cents or 0.12% to $69.24 per barrel.
Meanwhile, gold futures climbed 0.26% to $2,621.5 per Troy ounce.
