On Tuesday morning (7 January, 9:25 AM, GMT+7, Bangkok time), most indices in Asia Pacific increased, taking cues from a rally in the technology sector on Wall Street, where the S&P500 and Nasdaq Composite registered consecutive gains.
Stock prices of global semiconductor companies, including the prominent Nvidia, experienced an upswing on Monday following an announcement by Foxconn detailing record revenue for 4Q24.
Meanwhile, according to a report by the Washington Post citing sources familiar with the matter, President-elect Donald Trump is considering a revised approach to his tariff agenda, with a plan to target specific crucial sectors rather than imposing them on all imports.
In Hong Kong, investors’ focus is also set to shift towards technology-related shares, as the U.S. Department of Defense included the Chinese tech giant Tencent Holdings and battery manufacturer CATL in a list of entities it classifies as “Chinese military companies.”
Japan’s NIKKEI soared by 2.38% to 40,241.1. South Korea’s KOSPI rose by 1.07% to 2,515.34, and Australia’s ASX 200 grew by 0.23% to 8,276.8.
As for stocks in China, Shanghai’s SSEC slid by 0.04% to 3,205.71. Hong Kong’s HSI contracted by 0.24% to 19,641.26, while Shenzhen’s SZI added by 0.54% to 9,938.83.
Meanwhile, the US stock markets edged up on Monday as NASDAQ surged by 1.24% to 19,864.98. S&P 500 gained 0.55% to 5,975.38, while the Dow Jones Industrial Average (DJIA) dipped by 0.06% to 42,706.56. VIX declined by 0.56% to 16.04.
As for commodities, oil prices settled lower on Monday as a decrease in the November’s new orders for manufactured goods in the US and higher-than-anticipated annual inflation figures from Germany offset positive sentiment stemming from a weakening U.S. dollar and projections of heightened heating demand due to an upcoming winter storm. Brent futures dropped 21 cents or 0.3% to $76.30 a barrel, and the West Texas Intermediate (WTI) lost 40 cents or 0.5% to $73.56 per barrel.
This morning, Brent futures fell 11 cents or 0.14% to $76.19 a barrel, and the WTI decreased 15 cents or 0.2% to $73.41 per barrel.
Meanwhile, gold futures edged up 0.05% to $2,648.8 per Troy ounce.
