Asia-Pacific Markets Rise as BOJ Releases July’s Meeting Minutes

On Thursday morning (26 September, 9:21 AM, GMT+7, Bangkok time), indices in Asia Pacific increased across the region, with Japan’s Nikkei taking the lead following the release of minutes from the BOJ’s July meeting that resulted in an unexpected interest rate cut. Meanwhile, China’s CSI 300 extended its five-day surge to reach its highest point in nearly two months, boosted by the PBOC’s announcement of policy easing measures.

 

Japan’s NIKKEI jumped by 2.4% to 38,777.72. South Korea’s KOSPI soared by 2.03% to 2,649.04, and Australia’s ASX 200 rose by 0.82% to 8,193.

As for stocks in China, Shanghai’s SSEC climbed by 0.4% to 2,908.03. Hong Kong’s HSI grew by 1.21% to 19,360.05, and Shenzhen’s SZI gained 0.35% to 8,567.43.

 

Meanwhile, the US stock markets were mixed on Wednesday as the Dow Jones Industrial Average (DJIA) contracted by 0.7% to 41,914.75. S&P 500 dipped by 0.19% to 5,722.26, while NASDAQ climbed by 0.04% to 18,082.21. VIX edged up by 0.13% to 15.41.

 

As for commodities, oil prices settled lower on Wednesday as concerns regarding supply disruptions in Libya eased, and apprehensions about demand persisted despite China’s recent stimulus proposals. Brent futures dropped $1.71 or 2.27% to $73.46 a barrel, and the West Texas Intermediate (WTI) decreased $1.87 or 2.61% to $69.69 per barrel.

This morning, Brent futures rose 18 cents or 0.25% to $73.64 a barrel, and the WTI grew 17 cents or 0.24% to $69.86 per barrel.

Meanwhile, gold futures slid by 0.06% to $2,683.2 per Troy ounce.