Asia Pacific Markets Decrease as Investors Keep Eyes on BOJ Meeting

On Tuesday morning (30 July, 9:32 AM, GMT+7, Bangkok time), indices in Asia Pacific fell across the region as investors monitored BOJ’s meeting, with expectations for the central bank to raise interest rates.

 

Japan’s NIKKEI lost 0.85% to 38,141.82. South Korea’s KOSPI declined by 1.01% to 2,737.54, and Australia’s ASX 200 fell by 0.85% to 7,921.8.

As for stocks in China, Shanghai’s SSEC contracted by 0.74% to 2,870.46. Hong Kong’s HSI slumped by 1.26% to 17,020.99, and Shenzhen’s SZI dropped by 1.08% to 8,422.34.

 

Meanwhile, the US stock markets were mixed on Monday as NASDAQ rose by 0.07% to 17,370.2. S&P 500 grew by 0.08% to 5,463.54, while the Dow Jones Industrial Average (DJIA) slid by 0.12% to 40,539.93. VIX jumped by 1.28% to 16.6.

 

As for commodities, oil prices settled lower on Monday with traders seemingly unconcerned by the escalating risk of a broader conflict between Israel and the Iran-supported militia Hezbollah. Brent futures decreased $1.35 or 1.66% to settle at $79.78 a barrel, and the West Texas Intermediate (WTI) dropped $1.35 or 1.75% to settle at $75.81 per barrel.

This morning, Brent futures dipped 36 cents or 0.45% to $79.42 a barrel, and the WTI edged down 40 cents or 0.53% to $75.41 per barrel.

Meanwhile, gold futures slid by 0.01% to $2,377.5 per Troy ounce.