On Tuesday morning (23 July, 9:23 AM, GMT+7, Bangkok time), indices in Asia Pacific traded mixed following gains from the US markets, led by the S&P 500 which marked its most significant surge since June 5, fueled by a rebound in the technology sector. Meanwhile, investors also monitored the announcement of India’s first budget under Prime Minister Narendra Modi’s third five-year term, as well as Singapore’s inflation data for June.
Japan’s NIKKEI rose by 0.25% to 39,697.69. South Korea’s KOSPI grew by 0.39% to 2,774.21, and Australia’s ASX 200 surged by 0.71% to 7,987.7.
As for stocks in China, Shanghai’s SSEC dropped by 0.49% to 2,949.75. Hong Kong’s HSI contracted by 0.25% to 17,592.38, and Shenzhen’s SZI slumped by 1.22% to 8,761.52.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) increased by 0.32% to 40,415.44. NASDAQ soared by 1.58% to 18,007.57, and S&P 500 gained 1.08% to 5,564.41. VIX plummeted by 9.75% to 14.91.
As for commodities, oil prices settled lower on Monday as investors shifted their focus from the U.S. President Joe Biden’s announcement to end re-election campaign. Instead, traders zeroed in on increasing stockpiles and indicators pointing towards weak demand. Brent futures lost 23 cents to settle at $82.40 a barrel, and the West Texas Intermediate (WTI) decreased 35 cents to settle at $79.78 per barrel.
This morning, Brent futures rose 13 cents or 0.16% to $82.53 a barrel, and the WTI remained unchanged at $79.78 per barrel.
Meanwhile, gold futures grew by 0.31% to $2,402.2 per Troy ounce.
