{"id":64426,"date":"2023-07-12T17:33:56","date_gmt":"2023-07-12T07:33:56","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64426"},"modified":"2025-11-11T15:44:54","modified_gmt":"2025-11-11T04:44:54","slug":"wednesday-12th-july-2023-mixed-performance-in-asian-markets-with-japan-slide-and-australias-positive-momentum","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-12th-july-2023-mixed-performance-in-asian-markets-with-japan-slide-and-australias-positive-momentum\/","title":{"rendered":"Wednesday 12th July 2023: Mixed Performance in Asian Markets with Japan Slide and Australia&#8217;s Positive Momentum"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.81%, Shanghai Composite down 0.78%, Hang Seng up 0.87%, ASX up 0.38%<\/li>\n\n\n\n<li>Commodities : Gold at $1939.65 (+0.13%), Silver at $23.343 (+0.27%), Brent Oil at $79.46 (+0.05%), WTI Oil at $74.86 (+0.03%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.949, UK 10-year yield at 4.672, Germany 10-year yield at 2.614<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) NFIB Small Business Index&nbsp; 91.0 vs 89.9 expected<\/li>\n\n\n\n<li>(USD) IBD\/TIPP Economic Optimism 41.3 vs 45.3 expected<\/li>\n\n\n\n<li>(JPY) Core machinery Orders m\/m -7.6% vs 0.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asian markets exhibited a mixed performance today. In Japan, the Nikkei 225 index slid by 0.81% to close at 31,943.93. This marked the first time in over a month that the index finished below the 32,000-point mark. Similarly, the Topix index was down by 0.67% and concluded at 2,221.48. Meanwhile, Japan&#8217;s official data revealed a slowdown in wholesale inflation, with the corporate goods price index rising only 4.1% year-on-year, the lowest pace in six months.<\/p>\n\n\n\n<p>In the&nbsp; Australian markets, the S&amp;P\/ASX 200 index gained 0.38% and finished at 7,135, further extending its positive performance from Tuesday. The market seemed to maintain its upward momentum, indicating a favorable sentiment among investors. This upward movement reflects the resilience and stability of the Australian economy amidst global uncertainties.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index registered a gain of 0.87%, while mainland Chinese indexes displayed negative performance. The Shanghai Composite index fell by 0.78%, and the Shenzhen Component index was down by 0.98%.<\/p>\n\n\n\n<p>In the commodities market, prices showed marginal gains across various assets. Gold prices edged up by 0.13% to reach $1939.65, while silver prices rose by 0.27% to $23.343. The oil market remained relatively stable, with Brent Oil experiencing a slight increase of 0.05% to $79.46, and WTI Oil recording a minimal gain of 0.03% at $74.86.&nbsp;<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD CPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Core CPI m\/m<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; CAD BOC Monetary Policy Report<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; CAD BOC Rate Statement<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; CAD Overnight Rate<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; CAD BOC Press Conference<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian markets exhibited a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64426"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=64426"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64426\/revisions"}],"predecessor-version":[{"id":64433,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64426\/revisions\/64433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=64426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=64426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=64426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}