On Thursday morning (7 November, 9:46 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed following the election victory of former President Donald Trump in the 2024 presidential race. According to NBC News projections, Trump secured a minimum of 291 Electoral College votes, clinching crucial swing states such as Pennsylvania, North Carolina, and Georgia.
As for China, state media reported that the National People’s Congress standing committee extended its review of the proposal to increase local government debt by an additional day, following initial discussions held on Monday.
Japan’s NIKKEI declined by 0.4% to 39,321.87. South Korea’s KOSPI slid by 0.18% to 2,558.85, and Australia’s ASX 200 dipped by 0.22% to 8,181.1.
As for stocks in China, Shanghai’s SSEC rose by 0.29% to 3,393.54. Hong Kong’s HSI grew by 0.49% to 20,639.14, while Shenzhen’s SZI contracted by 0.21% to 10,944.97.
Meanwhile, the US stock markets surged on Wednesday as the Dow Jones Industrial Average (DJIA) jumped by 3.57% to 43,729.93. NASDAQ soared by 2.95% to 18,983.47, and S&P 500 gained 2.53% to 5,929.04. VIX slumped by 20.6% to 16.27.
As for commodities, oil prices settled lower on Wednesday as investors assessed the impact of a robust U.S. dollar alongside concerns regarding the potential effect of U.S. President-elect Donald Trump’s foreign policy strategies on global oil supply. Brent futures dropped 61 cents or 0.81% to $74.92 a barrel, and the West Texas Intermediate (WTI) decreased 30 cents or 0.42% to $71.69 per barrel.
This morning, Brent futures increased 58 cents or 0.77% to $75.5 a barrel, and the WTI escalated 46 cents or 0.64% to $72.15 per barrel.
Meanwhile, gold futures lost 0.6% to $2,660.2 per Troy ounce.
