On Tuesday morning (25 March, 9:15 AM, GMT+7, Bangkok time), most indices in Asia Pacific increased following a positive performance on Wall Street, driven by optimism that U.S. President Donald Trump’s tariff measures may turn out to be less severe than initially anticipated.
However, he announced on Monday that the United States will be implementing a 25% tariff on nations purchasing oil and gas from Venezuela, thus intensifying pressure on President Nicolas Maduro and China. The tariffs are slated to take effect on April 2.
Japan’s NIKKEI surged by 0.74% to 37,887.42. South Korea’s KOSPI grew by 0.16% to 2,636.31, and Australia’s ASX 200 expanded by 0.49% to 7,975.6.
As for stocks in China, Hong Kong’s HSI slumped by 1.45% to 23,559.07. Shenzhen’s SZI slid by 0.03% to 10,692.51, while Shanghai’s SSEC climbed by 0.04% to 3,371.25.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) gained 1.42% to 42,583.32. NASDAQ escalated by 2.27% to 18,188.59, and S&P 500 soared by 1.76% to 5,767.57. VIX plummeted by 9.34% to 17.48.
As for commodities, oil prices settled higher on Monday amid Trump’s tariff announcement on oil and gas buyers from Venezuela. Brent futures added 84 cents or 1.2% to $73 a barrel, and the West Texas Intermediate (WTI) rose 83 cents or 1.2% to $69.11 per barrel.
This morning, Brent futures dipped 7 cents or 0.1% to $72.93 a barrel, and the WTI lost 7 cents or 0.1% to $69.04 per barrel.
Meanwhile, gold futures declined 0.04% to $3,014.5 per Troy ounce.
