Asia Pacific Markets Fall ahead of BOJ’s Rate Decision

On Friday morning (14 June, 9:31 AM, GMT+7, Bangkok time), most indices in Asia Pacific declined as investors monitored BOJ’s interest rate decision, in which economists polled by Reuters expected the rates to be at 0-0.1%.

 

Japan’s NIKKEI slid by 0.04% to 38,706.3. Australia’s ASX 200 dropped by 0.38% to 7,720.5, while South Korea’s KOSPI gained 0.23% to 2,761.11.

As for stocks in China, Shanghai’s SSEC dipped by 0.04% to 3,027.57. Shenzhen’s SZI contracted by 0.28% to 9,180.92, and Hong Kong’s HSI decreased by 0.27% to 18,063.45.

 

Meanwhile, the US stock markets were mixed on Thursday as NASDAQ edged up by 0.34% to 17,667.56. S&P 500 increased by 0.23% to 5,433.74, while the Dow Jones Industrial Average (DJIA) slid by 0.17% to 38,647.1. VIX lost 0.83% to 11.94.

 

As for commodities, oil prices settled higher on Thursday following recent economic data suggesting a decrease in inflation in the United States. This development may pave the way for the US Federal Reserve to consider lowering interest rates in order to stimulate economic growth. Brent futures rose 15 cents or 0.18% to $82.75 a barrel, and the West Texas Intermediate (WTI) grew 12 cents or 0.15% to $78.62.

This morning, Brent futures dropped 40 cents or 0.48% to $82.35 a barrel, and the WTI declined 48 cents or 0.61% to $78.14 per barrel.

Meanwhile, gold futures gained 0.13% to $2,321 per Troy ounce.