On Tuesday morning (3 September, 9:30 AM, GMT+7, Bangkok time), most indices in Asia Pacific rose as investors analyzed South Korea’s latest inflation data for August.
The country’s consumer price index showed a 2% increase year on year, marking a decline from the previous month’s 2.6% and aligns with the forecasts made by economists in a Reuters poll.
Japan’s NIKKEI climbed by 0.17% to 38,765.08. South Korea’s KOSPI edged up by 0.05% to 2,682.29, while Australia’s ASX 200 slid by 0.14% to 8,098.3.
As for stocks in China, Hong Kong’s HSI grew by 0.05% to 17,700.6. Shenzhen’s SZI jumped by 1.27% to 8,275.93, while Shanghai’s SSEC lost 0.21% to 2,805.05.
Meanwhile, the US stock markets were closed on Monday due to the Labor Day holiday.
As for commodities, oil prices continued their downward trend as investors considered the upcoming rise in OPEC+ production starting in October. This decision comes amidst a significant decrease in output from Libya, while demand remains muted in China and the U.S., the top two oil-consuming nations globally. Brent futures decreased 57 cents or 0.7% to $76.36 a barrel by 0108 GMT, and the West Texas Intermediate (WTI) fell 50 cents or 0.7% to $73.05 per barrel.
This morning, Brent futures dipped 9 cents or 0.12% to $76.64 a barrel, while the WTI surged 54 cents or 0.73% to $74.09 per barrel.
Meanwhile, gold futures slid by 0.02% to $2,527 per Troy ounce.
