On Monday morning (10 March, 9:13 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed after investors faced a week of turbulent trading globally.
U.S. stocks have been experiencing significant volatility since the beginning of the month amid uncertainties related to President Donald Trump’s tariff strategies and their potential effects on economic growth and inflation in the country.
In China, the nation experienced negative consumer inflation for the first time in 13 months due to seasonal factors and deflationary pressures. The National Bureau of Statistics reported a 0.7% decrease on a yearly basis in the consumer price index in February.
Meanwhile, in response to Canadian tariffs on Chinese goods, the world’s second-largest economy also imposed tariffs on Canadian agricultural products, including a 100% tariff on rapeseed oil, oil cakes, and peas, and a 25% levy on aquatic products and pork. These duties are slated to be imposed on March 20, 2025.
Japan’s NIKKEI surged by 0.42% to 37,038.93. South Korea’s KOSPI rose by 0.51% to 2,576.51, and Australia’s ASX 200 grew by 0.23% to 7,966.8.
As for stocks in China, Shanghai’s SSEC declined by 0.3% to 3,362.42. Hong Kong’s HSI contracted by 0.47% to 24,117.75, and Shenzhen’s SZI fell by 0.31% to 10,809.97.
Meanwhile, the US stock markets edged up on Friday as the Dow Jones Industrial Average (DJIA) increased by 0.52% to 42,801.72. NASDAQ expanded by 0.71% to 18,196.23, and S&P 500 escalated by 0.56% to 5,770.2. VIX slumped by 6.03% to 23.37.
As for commodities, oil prices settled higher on Friday following U.S. President Donald Trump’s warning of potential sanctions on Russia if a peace agreement with Ukraine is not achieved. Brent futures gained 90 cents or 1.3% to $70.36 a barrel, and the West Texas Intermediate (WTI) added 68 cents or 1.02% to $67.04 per barrel.
This morning, Brent futures slid 29 cents or 0.41% to $70.07 a barrel, and the WTI dipped 31 cents or 0.46% to $66.73 per barrel.
Meanwhile, gold futures climbed 0.21% to $2,920.3 per Troy ounce.
