On Tuesday morning (10 September, 9:37 AM, GMT+7, Bangkok time), most indices in Asia Pacific decreased despite the positive momentum seen on Wall Street. The S&P 500 and Nasdaq Composite both recovered from their lowest performance of the year.
Investors are keeping a close watch on the August trade figures from China and India, with projections from a Reuters poll indicating a 6.5% year-on-year expansion in China’s exports and a 2.0% growth in imports for August.
Japan’s NIKKEI climbed by 0.04% to 36,231.66. Australia’s ASX 200 grew by 0.56% to 8,033, while South Korea’s KOSPI dipped by 0.06% to 2,534.38.
As for stocks in China, Shanghai’s SSEC fell by 0.3% to 2,728.17. Hong Kong’s HSI slid by 0.18% to 17,165.76, and Shenzhen’s SZI contracted by 0.6% to 8,014.64.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) surged by 1.2% to 40,829.59. NASDAQ gained 1.16% to 16,884.6, and S&P 500 expanded by 1.16% to 5,471.05. VIX plummeted by 13.09% to 19.45.
As for commodities, oil prices settled higher on Monday fueled by apprehensions surrounding an imminent hurricane set to make landfall in Louisiana on Wednesday. The storm poses a potential threat to production and refining operations along the U.S. Gulf Coast. Brent futures increased 78 cents or 1.1% to $71.84 a barrel, and the West Texas Intermediate (WTI) rose $1.04 or 1.5% to $68.71 per barrel.
This morning, Brent futures climbed 2 cents or 0.03% to $71.86 a barrel, while the WTI dipped 4 cents or 0.06% to $68.67 per barrel.
Meanwhile, gold futures slid by 0.07% to $2,531 per Troy ounce.
