On Wednesday morning (6 November, 9:14 AM, GMT+7, Bangkok time), most indices in Asia Pacific increased after seeing a strong performance from Wall Street the previous day, in anticipation of the results of the U.S. presidential election.
The anticipated close competition between former President Donald Trump and Vice President Kamala Harris is set to capture attention. Traders will closely monitor Congressional polls, as a decisive victory by either party could have significant implications for fiscal and taxation policies.
Meanwhile, the Bank of Japan unveiled the minutes from its monetary policy meeting in September, revealing a shared agreement among officials regarding the necessity of increasing rates once specific economic and price objectives are achieved.
Japan’s NIKKEI soared by 1.47% to 39,039.49. South Korea’s KOSPI climbed by 0.25% to 2,583.23, and Australia’s ASX 200 surged by 0.87% to 8,202.9.
As for stocks in China, Shanghai’s SSEC grew by 0.35% to 3,399. Shenzhen’s SZI expanded by 0.64% to 11,077.64, while Hong Kong’s HSI slumped by 1.17% to 20,761.29.
Meanwhile, the US stock markets exhibited an upward trend on Tuesday as the Dow Jones Industrial Average (DJIA) increased by 1.02% to 42,221.88. NASDAQ jumped by 1.43% to 18,439.17, and S&P 500 rose by 1.23% to 5,782.76. VIX plummeted by 6.78% to 20.49.
As for commodities, oil prices settled higher on Tuesday as the U.S. production in the Gulf of Mexico is expected to be affected by a storm, while the weakening of the U.S. dollar coincided with polls indicating a tight presidential race in the country. Brent futures gained 45 cents or 0.6% to $75.53 a barrel, and the West Texas Intermediate (WTI) rose 52 cents or 0.7% to $71.99 per barrel.
This morning, Brent futures slid 39 cents or 0.52% to $75.14 a barrel, and the WTI dipped 36 cents or 0.5% to $71.63 per barrel.
Meanwhile, gold futures climbed 0.19% to $2,754.8 per Troy ounce.
