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Sheryll Mericido

Monday's market: Mixed shares, declining US futures, and surging oil prices

Bangkok, October 09, 2023, On Monday, share prices displayed a mixed performance, with US futures in decline and oil prices surging by over $3 per barrel, as reported by the AP. Brent crude, which serves as the benchmark for international trading, notably rose by $3.11 per barrel, reaching $87.69. It's important to note that several Asian markets, including Tokyo, were closed for holidays on this particular Monday, while Shanghai resumed trading after a weeklong break, experiencing a 0.7% decline to 3,088.94. Meanwhile, in Australia, the S&P/ASX 200 saw a 0.3% increase, reaching 6,974.60, while India's Sensex slipped by 0.4%, settling at 65,744.95.


Hong Kong's market remained closed in the morning due to typhoon warnings but was expected to reopen later in the afternoon. In the realm of currency trading, the dollar gained strength, rising to 149.16 Japanese yen from its late Friday position at 149.11 yen, while the euro held steady at $1.0553.


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