{"id":65073,"date":"2023-08-22T16:50:00","date_gmt":"2023-08-22T06:50:00","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65073"},"modified":"2025-11-11T15:35:47","modified_gmt":"2025-11-11T04:35:47","slug":"tuesday-22nd-august-2023-asia-pacific-markets-showcase-resilient-growth-amidst-bond-yields-and-commodity-shifts","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-22nd-august-2023-asia-pacific-markets-showcase-resilient-growth-amidst-bond-yields-and-commodity-shifts\/","title":{"rendered":"Tuesday 22nd August 2023: Asia-Pacific Markets Showcase Resilient Growth Amidst Bond Yields and Commodity Shifts"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite up 0.90%, Hang Seng up 1.28%, ASX up 0.09%<\/li>\n\n\n\n<li>Commodities : Gold at $1928.20 (+0.27%), Silver at $23.39 (+0.21%), Brent Oil at $84.39 (-0.09%), WTI Oil at $80.06 (-0.07%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.347, UK 10-year yield at 4.777, Germany 10-year yield at 2.699<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(EUR) German PPI m\/m -1.1% vs -0.1% expected<\/li>\n\n\n\n<li>(CAD) NHPI m\/m -0.1% vs 0,0% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>In the Asia-Pacific region, markets experienced broad gains despite the surge in yields for U.S. 10-year Treasury bonds, reaching levels not witnessed in over a decade.The yield on the key 10-year Treasury note reached a peak of 4.34%, marking its highest point since November 2007. This is noteworthy due to the usual correlation between higher bond yields and lower stock prices.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 saw an increase of 1.05%, and the Topix index advanced by 0.73%. Notably, SoftBank Group&#8217;s chip unit Arm submitted paperwork for a Nasdaq listing, anticipated to be the largest of the year. South Korea&#8217;s Kospi index also registered a gain of 0.53%, while the Kosdaq index rose by 0.42%. The Australian S&amp;P\/ASX 200 hovered just above the neutral line. After a seven-day losing streak, Hong Kong&#8217;s Hang Seng index rebounded, achieving a gain of 1.28%. Meanwhile, on the Chinese mainland, the CSI 300 edged up by 0.1%.<\/p>\n\n\n\n<p>In the United States on the preceding Monday, the major indices exhibited a mixed performance. The technology-focused Nasdaq Composite ended a four-day losing streak, surging by 1.6%, while the S&amp;P 500 managed a gain of 0.69%. Conversely, the Dow Jones Industrial Average experienced a slight dip of 0.11%.<\/p>\n\n\n\n<p>In the commodities market, gold displayed a minor uptick, reaching $1928.20 and recording a 0.27% increase. Similarly, silver saw a modest gain, with its price at $23.39, reflecting a rise of 0.21%. However, the oil sector faced marginal setbacks, as Brent Oil slipped to $84.39, marking a slight decrease of 0.09%, while WTI Oil also experienced a slight dip, reaching $80.06 and showing a decrease of 0.07%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>10:45 PM GMT &#8211; NZD Retail Sales q\/q<\/li>\n\n\n\n<li>10:45 PM GMT &#8211; NZD Core Retail Sales q\/q<\/li>\n\n\n\n<li>11:00 PM GMT &#8211; AUD Flash Manufacturing PMI<\/li>\n\n\n\n<li>11:00 PM GMT &#8211; AUD Flash Services PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: In the Asia-Pacific region, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[340,196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65073"}],"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=65073"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65073\/revisions"}],"predecessor-version":[{"id":65171,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65073\/revisions\/65171"}],"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=65073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}