On Tuesday morning (26 November, 9:27 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed, diverging from Wall Street’s record highs set after President-elect Donald Trump chose Scott Bessent, the founder of Key Square Group, as his Treasury secretary.
In addition, Trump also stated via his social media platform Truth Social about his intention to impose an extra 10% tariff on all Chinese imports and 25% on all products from Mexico and Canada into the United States.
Investors in Asia will keep an eye on the upcoming release of Singapore’s October manufacturing output, with Reuters analysts forecasting a 2.2% year-on-year increase, down from September’s 9.8% rise.
As for Japan, the service producer price index rose to 2.9% in October, surpassing September’s 2.8% figure. The Bank of Japan highlighted that postal services and hotel services were key drivers behind the increase, influencing the monthly fluctuations in the yearly changes of the index, which reflects the costs of goods and services provided by businesses to other firms and government bodies.
Japan’s NIKKEI dropped by 1.1% to 38,352.43. South Korea’s KOSPI fell by 0.59% to 2,519.47, and Australia’s ASX 200 decreased by 0.45% to 8,379.7.
As for stocks in China, Shanghai’s SSEC rose by 0.37% to 3,275.97. Hong Kong’s HSI grew by 0.45% to 19,237.29, and Shenzhen’s SZI climbed by 0.14% to 10,434.98.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) surged by 0.99% to 44,736.57. NASDAQ added by 0.27% to 19,054.84, and S&P 500 gained 0.3% to 5,987.37. VIX slumped by 4.2% to 14.6.
As for commodities, oil prices settled lower on Monday following reports from unnamed senior U.S. officials indicating that Israel and Lebanon reached an agreement to resolve the Israel-Hezbollah conflict. Brent futures declined $2.16 or 2.87% to $73.01 a barrel, and the West Texas Intermediate (WTI) lost $2.30 or 3.23% to $68.94 per barrel.
This morning, Brent futures expanded 8 cents or 0.11% to $73.09 a barrel, and the WTI escalated 4 cents or 0.06% to $68.98 per barrel.
Meanwhile, gold futures increased 0.4% to $2,629.1 per Troy ounce.
