On Tuesday morning (29 April, 9:27 AM, GMT+7, Bangkok time), indices in Asia Pacific exhibited an upward trend across the region as traders kept their eyes on the potential repercussions of President Donald Trump’s tariffs on company profits. The upcoming economic reports from Wall Street garnered attention, with a particular focus on how they would influence the market sentiment.
Additionally, ongoing trade discussions between the U.S. and Asia-Pacific nations remained a key point of interest.
Meanwhile, markets in Japan were closed for a holiday.
South Korea’s KOSPI rose by 0.65% to 2,565.45, and Australia’s ASX 200 grew by 0.65% to 8,048.8.
As for stocks in China, Shanghai’s SSEC surged by 0.09% to 3,291.27. Hong Kong’s HSI increased by 0.78% to 22,142.32, and Shenzhen’s SZI climbed by 0.07% to 9,861.62.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) escalated by 0.28% to 40,227.59. S&P 500 gained 0.06% to 5,528.75, while NASDAQ dipped by 0.1% to 17,366.13. VIX jumped by 1.25% to 25.15.
As for commodities, oil prices settled lower on Monday, driven by economic uncertainties stemming from the trade conflict between the U.S. and China, which were weighing on demand levels. Brent futures declined $1.01 or 1.51% to $65.86 a barrel, and the West Texas Intermediate (WTI) contracted 97 cents or 1.54% to $62.05 per barrel.
This morning, Brent futures slid 5 cents or 0.08% to $65.81 a barrel, and the WTI dropped 3 cents or 0.05% to $62.02 per barrel.
Meanwhile, gold futures fell by 0.28% to $3,338.2 per Troy ounce.
