{"id":65042,"date":"2023-08-18T17:41:22","date_gmt":"2023-08-18T07:41:22","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65042"},"modified":"2025-11-11T15:36:16","modified_gmt":"2025-11-11T04:36:16","slug":"friday-18th-aug-2023-asia-pacific-markets-decline-amid-japans-inflation-and-chinas-real-estate-challenges","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-18th-aug-2023-asia-pacific-markets-decline-amid-japans-inflation-and-chinas-real-estate-challenges\/","title":{"rendered":"Friday 18th Aug 2023: Asia-Pacific Markets Decline Amid Japan&#8217;s Inflation and China&#8217;s Real Estate Challenges"},"content":{"rendered":"\n<h3><br \/><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.43%, Shanghai Composite down 1.00%, Hang Seng down 1.85%, ASX up 0.03%<\/li>\n\n\n\n<li>Commodities : Gold at $1922.50 (+0.39%), Silver at $22.82 (+0.56%), Brent Oil at $84.19 (+0.14%), WTI Oil at $80.62 (+0.27%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.228, UK 10-year yield at 4.703, Germany 10-year yield at 2.6115<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Unemployment Claims 239K vs -240K expected<\/li>\n\n\n\n<li>(USD) CB Leading Index m\/m -0.4% vs -0.4% expected<\/li>\n\n\n\n<li>(USD) Natural Gas Storage 35B vs 35B expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets faced declines on Friday due to Japan&#8217;s July inflation data and challenges in China&#8217;s real estate sector. In Japan, the core inflation rate fell to 3.1%, while headline inflation held steady at 3.3%.<\/p>\n\n\n\n<p>Meanwhile, China&#8217;s Evergrande, a troubled real estate giant, began bankruptcy protection proceedings in a U.S. court under Chapter 15 of the bankruptcy code, aiming to safeguard foreign firms undergoing restructuring.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index dropped 1.85%, and China&#8217;s CSI 300 index lost 0.83%. Japan&#8217;s Nikkei 225 decreased by 0.43%, concluding a series of losses. Australia&#8217;s S&amp;P\/ASX 200 edged up slightly, while South Korea&#8217;s Kospi fell 0.61%, marking the sixth consecutive day of losses.<\/p>\n\n\n\n<p>In the U.S., all three major indexes experienced declines on Thursday, as investors grappled with the Federal Reserve&#8217;s meeting minutes expressing concerns about inflation and potential interest rate hikes. The Dow Jones Industrial Average dropped 0.84%, closing below its 50-day moving average for the first time since June 1. The S&amp;P 500 fell 0.77%, and the Nasdaq Composite declined by 1.17%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD IPPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD RMPI m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets faced declines [&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\/65042"}],"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=65042"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65042\/revisions"}],"predecessor-version":[{"id":65043,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65042\/revisions\/65043"}],"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=65042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}