{"id":64973,"date":"2023-08-15T17:38:56","date_gmt":"2023-08-15T07:38:56","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=64973"},"modified":"2025-11-11T15:36:57","modified_gmt":"2025-11-11T04:36:57","slug":"tuesday-15th-aug-2023-asia-pacific-markets-react-to-key-data-from-japan-and-china","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-15th-aug-2023-asia-pacific-markets-react-to-key-data-from-japan-and-china\/","title":{"rendered":"Tuesday 15th Aug 2023: Asia-Pacific Markets React to Key Data from Japan and China"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.49%, Shanghai Composite down 0.07%, Hang Seng down 1.25%, ASX up 0.36%<\/li>\n\n\n\n<li>Commodities : Gold at $1935.70 (-0.43%), Silver at $22.57 (-0.61%), Brent Oil at $86.06 (-0.24%), WTI Oil at $82.36 (-0.24%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.223, UK 10-year yield at 4.671, Germany 10-year yield at 2.6815<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(JPY) Prelim GDP Price Index y\/y 3.4% vs 3.8% expected<\/li>\n\n\n\n<li>(JPY) Prelim GDP q\/q 1.5% vs 0.8% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>On Tuesday, Asia-Pacific markets displayed a mixed performance following significant data releases from Japan and China.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 index demonstrated a 0.49% increase, concluding at 32,238.89. Likewise, the Topix index also showed a positive movement of 0.41%, reaching a closing value of 2,290.31. This surge was attributed to Japan&#8217;s second-quarter gross domestic product surpassing expectations. The country&#8217;s economy expanded by 1.5% on a quarterly basis and 6% on an annualized basis. These figures exceeded economist predictions of 0.8% and 3.1%, respectively, as indicated by a Reuters poll.<\/p>\n\n\n\n<p>Across the Australian market, the S&amp;P\/ASX 200 index advanced by 0.36%, concluding the trading session at 7,305. Investors assimilated the minutes from the Reserve Bank of Australia&#8217;s August monetary policy meeting, where the decision to maintain the benchmark rates at 4.1% caught the market by surprise.<\/p>\n\n\n\n<p>However, Hong Kong&#8217;s Hang Seng index experienced a decline of 0.63%, while mainland China&#8217;s benchmark index, the CSI 300, retreated by 0.2%. Notably, South Korea&#8217;s markets remained closed due to a public holiday.<\/p>\n\n\n\n<p>In the previous U.S. trading session, all three major indexes recorded gains. The S&amp;P 500 and the Nasdaq Composite rebounded notably, driven by a resurgence in chip stocks and technology-related companies. The broader market index recorded a growth of 0.58%, with the tech-focused Nasdaq surging by 1.05%. Simultaneously, the Dow Jones Industrial Average achieved a modest advancement of 0.07%.<\/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 Median CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Trimmed CPI y\/y<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Core Retail Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Empire State Manufacturing Index<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Retail Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: On Tuesday, Asia-Pacific markets [&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\/64973"}],"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=64973"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64973\/revisions"}],"predecessor-version":[{"id":64977,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/64973\/revisions\/64977"}],"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=64973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=64973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=64973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}