{"id":64605,"date":"2023-07-24T17:39:21","date_gmt":"2023-07-24T07:39:21","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64605"},"modified":"2025-11-11T15:41:34","modified_gmt":"2025-11-11T04:41:34","slug":"monday-24th-july-2023-asian-and-australian-markets-display-mixed-performance","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-24th-july-2023-asian-and-australian-markets-display-mixed-performance\/","title":{"rendered":"Monday 24th July 2023: Asian and Australian Markets Display Mixed Performance"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.17%, Shanghai Composite down 0.11%, Hang Seng up 2.39%, ASX down 0.10%<\/li>\n\n\n\n<li>Commodities : Gold at $1965.40 (-0.05%), Silver at $24.81 (+0.36%), Brent Oil at $80.33 (-0.64%), WTI Oil at $76.56 (-0.70%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.852, UK 10-year yield at 4.308, Germany 10-year yield at 2.444<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Core Retail Sales m\/m 0.0% vs 0,2% expected<\/li>\n\n\n\n<li>(CAD) Retail Sales m\/m 0.2% vs 0.5% expected<\/li>\n\n\n\n<li>(CAD) NHPI 0.1% vs 0,0% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asian markets showed a mixed performance on Monday as investors closely analyzed key economic data from the region. Hong Kong&#8217;s Hang Seng index experienced a significant tumble of 2.39%, mainly driven by losses in real estate stocks, causing a ripple effect of declines in mainland Chinese markets. The Shanghai Composite was down 0.11%, and the Shenzhen Component dropped 0.63%. On a more positive note, South Korea&#8217;s Kospi index managed to rise by 0.72%, finishing at 2,628.53 and marking its third consecutive day of gains. However, the Kosdaq saw a 0.5% loss, snapping a nine-day winning streak and closing at 929.9.<\/p>\n\n\n\n<p>Meanwhile, Japan&#8217;s markets exhibited strength, with the Nikkei 225 gaining 1.17%, closing at 32,700, and the Topix also rising by 0.83%, closing at 2,281.18. Japan&#8217;s business activity expanded for the seventh consecutive month, with the purchasing managers index from the au Jibun bank remaining unchanged from June&#8217;s figure of 52.1.<\/p>\n\n\n\n<p>Shifting focus to the Australian markets, the S&amp;P\/ASX 200 fell marginally to close at 7,306.4. The decline was triggered by flash estimates for the country&#8217;s composite PMI in July, slipping into contraction territory for the first time since March, raising concerns about the Australian economy&#8217;s outlook.<\/p>\n\n\n\n<p>In the broader context, U.S. markets displayed mixed performance on the previous Friday. The Dow Jones Industrial Average managed to climb 0.01%, achieving its tenth straight day of gains, an impressive feat not witnessed for the index since August 2017. On the other hand, the S&amp;P 500 added 0.03%, while the Nasdaq Composite fell 0.22%, highlighting the divergent sentiment in the U.S. markets. Investors around the world remain vigilant as economic indicators and geopolitical developments continue to influence global market trends.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>8:00 AM GMT &#8211; EUR Flash Manufacturing PMI<\/li>\n\n\n\n<li>8:00 AM GMT &#8211; EUR Flash Services PMI<\/li>\n\n\n\n<li>8:30 AM GMT &#8211; GBP Flash Manufacturing PMI<\/li>\n\n\n\n<li>8:30 AM GMT &#8211; GBP Flash Services PMI<\/li>\n\n\n\n<li>1:45 PM GMT &#8211; USD Flash Manufacturing PMI<\/li>\n\n\n\n<li>1:45 PM GMT &#8211; USD Flash Services PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian markets showed 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\/64605"}],"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=64605"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64605\/revisions"}],"predecessor-version":[{"id":64610,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64605\/revisions\/64610"}],"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=64605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=64605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=64605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}