{"id":65019,"date":"2023-08-17T17:16:41","date_gmt":"2023-08-17T07:16:41","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65019"},"modified":"2025-11-11T15:36:29","modified_gmt":"2025-11-11T04:36:29","slug":"thursday-17th-aug-2023-asia-pacific-markets-mixed-as-inflation-concerns-persist","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-17th-aug-2023-asia-pacific-markets-mixed-as-inflation-concerns-persist\/","title":{"rendered":"Thursday 17th Aug 2023: Asia-Pacific Markets Mixed as Inflation Concerns Persist"},"content":{"rendered":"\n<h3><br \/><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.61%, Shanghai Composite up 0.42%, Hang Seng up 0.16%, ASX down 0.68%<\/li>\n\n\n\n<li>Commodities : Gold at $1926.75 (-0.09%), Silver at $22.68 (+0.66%), Brent Oil at $83.89 (+0.54%), WTI Oil at $79.72 (+0.46%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.306, UK 10-year yield at 4.765, Germany 10-year yield at 2.695<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Crude Oil Inventories&nbsp; -6.0M vs -2.4M expected<\/li>\n\n\n\n<li>(CAD) Wholesale Sales m\/m&nbsp; -2.8% vs -4.2% expected<\/li>\n\n\n\n<li>(USD) Building Permits&nbsp; 1.44M vs 1.47M expected<\/li>\n\n\n\n<li>(USD) Housing Starts 1.45M vs 1.45M expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets showed a mixed trend on Thursday after the U.S. Federal Reserve&#8217;s July minutes revealed lingering concerns about inflation, potentially leading to further rate hikes. The meeting summary highlighted that given the continued elevation of inflation and a tight labor market, many participants recognized notable upside risks to inflation, which could necessitate additional tightening of monetary policy.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index posted a slight climb of 0.23%, while China&#8217;s CSI 300 index inched up by 0.29%. In Australia, the S&amp;P\/ASX 200 index ended down 0.68% at 7,146, marking its lowest level in over a month due to a slight rise in the country&#8217;s unemployment rate to 3.7% in July.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 index slid 0.61% to reach 31,626, its lowest point since June, with the Topix index ending 0.34% lower at 2,253.06. South Korea&#8217;s Kospi closed with a 0.23% decline at 2,519.85, marking its fifth consecutive day of losses. In contrast, the Kosdaq index bucked the trend with a gain of 0.88% at 886.04.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average dropped 0.52%, the S&amp;P 500 dipped 0.76%, and the Nasdaq Composite saw the most significant loss, falling by 1.15%, all experiencing a second consecutive day of losses.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD CB Leading Index m\/m<\/li>\n\n\n\n<li>2:30 PM GMT &#8211; USD Natural Gas Storage<\/li>\n\n\n\n<li>11:01 PM GMT &#8211; GBP GfK Consumer Confidence<\/li>\n\n\n\n<li>11:30 PM GMT &#8211; JPY National Core CPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific 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\/65019"}],"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=65019"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65019\/revisions"}],"predecessor-version":[{"id":65025,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65019\/revisions\/65025"}],"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=65019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}