Asia Pacific Markets Trade Mixed Following Higher-Than-Expected US Inflation Data

On Wednesday morning (14 Feb, 9:32 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed as inflation data for January from the US were higher than expected, including CPI rising 3.1% YoY and 0.3% MoM and Core CPI climbing 3.9% YoY and 0.4% MoM. Meanwhile, the Hong Kong stock market had returned.

 

Japan’s NIKKEI decreased by 0.79% to 37,664.84. South Korea’s KOSPI slumped by 1.4% to 2,612.53, and Australia’s ASX 200 dipped by 1.03% to 7,525.1.

As for stocks in China, Hong Kong’s HSI declined by 1.17% to 15,562.82.

 

Meanwhile, the US stocks market edged lower on Tuesday as the Dow Jones Industrial Average (DJIA) dropped by 1.35% to 38,272.75. S&P 500 fell by 1.37% to 4,953.17, and NASDAQ edged down by 1.8% to 15,655.6. VIX jumped by 13.78% to 15.85.

 

As for commodities, oil prices settled higher on Tuesday despite the larger-than-expected US inflation data, which pulled some stock markets down. Brent increased 77 cents or 0.94% to $82.77 per barrel, while the West Texas Intermediate (WTI) gained 95 cents or 1.24% to $77.87 a barrel.

This morning, Brent decreased 39 cents or 0.47% to $82.38 a barrel, and WTI slid 31 cents or 0.4% to $77.56 per barrel.

Meanwhile, gold futures declined by 0.12% to $2,004.7 per Troy ounce.