Asia Pacific Markets Fall as Investors Await China’s Third Plenum

On Monday morning (15 July, 9:25 AM, GMT+7, Bangkok time), most indices in Asia Pacific decreased as investors closely monitored China’s Third Plenum and the announcement of key economic data and evaluated an assassination attempt on former U.S. President Donald Trump at a recent rally.

 

Japan’s NIKKEI slumped by 2.45% to 41,190.68. South Korea’s KOSPI slid by 0.19% to 2,851.56, while Australia’s ASX 200 increased by 0.85% to 8,027.2.

As for stocks in China, Hong Kong’s HSI dropped by 0.79% to 18,148.72. Shenzhen’s SZI dipped by 0.48% to 8,811.67, while Shanghai’s SSEC climbed by 0.02% to 2,971.81.

 

Meanwhile, the US stock markets edged up on Friday as the Dow Jones Industrial Average (DJIA) rose by 0.62% to 40,000.9. NASDAQ grew by 0.63% to 18,398.44, and S&P 500 surged by 0.55% to 5,615.35. VIX decreased by 3.56% to 12.46.

 

As for commodities, oil prices settled lower on Friday as investors weighed the impact of weaker U.S. consumer sentiment against growing expectations of a Fed rate cut in September. Brent futures lost 37 cents or 0.43% to $85.03 a barrel, and the West Texas Intermediate (WTI) declined 41 cents or 0.5% to $82.21 per barrel.

This morning, Brent futures gained 6 cents or 0.07% to $85.09 a barrel, and the WTI increased 5 cents or 0.06% to $82.26 per barrel.

Meanwhile, gold futures slid by 0.21% to $2,415.6 per Troy ounce.