{"id":65249,"date":"2023-08-24T17:35:42","date_gmt":"2023-08-24T07:35:42","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65249"},"modified":"2025-11-11T15:35:21","modified_gmt":"2025-11-11T04:35:21","slug":"thursday-24th-august-2023-asia-pacific-markets-rise-with-hong-kong-stocks-leading-gains","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-24th-august-2023-asia-pacific-markets-rise-with-hong-kong-stocks-leading-gains\/","title":{"rendered":"Thursday 24th August 2023: Asia-Pacific Markets Rise with Hong Kong Stocks Leading Gains"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.72%, Shanghai Composite up 0.12%, Hang Seng up 1.94%, ASX up 0.47%<\/li>\n\n\n\n<li>Commodities : Gold at $1949.20 (+0.07%), Silver at $24.22 (-0.77%), Brent Oil at $82.75 (-0.55%), WTI Oil at $78.40 (-0.67%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.186, UK 10-year yield at 4.4555, Germany 10-year yield at 2.470<\/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 -0.8% vs 0.3% expected<\/li>\n\n\n\n<li>(CAD) Retail Sales m\/m 0.1% vs 0.0% expected<\/li>\n\n\n\n<li>(USD) Flash Manufacturing PMI 47.0 vs 48.9 expected<\/li>\n\n\n\n<li>(USD) Flash Services PMI 51.0 vs 52.1 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asian-Pacific markets saw positive trends on Thursday, led by Hong Kong stocks. South Korea&#8217;s central bank kept rates steady at 3.5%, while Indonesia was expected to maintain its benchmark policy rate at 5.75%. The producer price index in South Korea rose by 0.2% year-on-year, continuing a 13-month trend of slowing growth in the PPI.<\/p>\n\n\n\n<p>Investors also awaited chipmaker Nvidia&#8217;s earnings release on Thursday, which exceeded estimates for the fiscal second quarter and included an optimistic outlook for the current period. Hong Kong&#8217;s Hang Seng index led regional gains, surging by 2.06%, while China&#8217;s CSI 300 also rose by 0.78%.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 index closed 0.72% higher at 32,287.21, and the Topix increased by 0.43% to end at 2,286.59, marking the fourth consecutive day of gains. Australia&#8217;s S&amp;P\/ASX 200 advanced by 0.47%, reaching 7,182.1 and extending its winning streak to three days.<\/p>\n\n\n\n<p>South Korea&#8217;s Kospi rebounded, closing 1.28% higher at 2,537.68, accompanied by a 2.14% rise in the Kosdaq, closing at 901.74. In the United States on the previous day, all three major indexes experienced gains, with the Dow Jones Industrial Average closing 0.5% higher. The S&amp;P 500&#8217;s 1.1% increase marked its strongest daily performance since June 30, while the Nasdaq Composite climbed 1.6%, achieving its third consecutive day of gains.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>11:01 PM GMT &#8211; GBP GfK Consumer Confidence<\/li>\n\n\n\n<li>11:30 PM GMT &#8211; JPY Tokyo Core CPI y\/y<\/li>\n\n\n\n<li>11:50 PM GMT &#8211; JPY SPPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian-Pacific markets saw positive [&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\/65249"}],"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=65249"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65249\/revisions"}],"predecessor-version":[{"id":65257,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65249\/revisions\/65257"}],"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=65249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}