{"id":65337,"date":"2023-08-29T16:43:20","date_gmt":"2023-08-29T06:43:20","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65337"},"modified":"2025-11-11T15:34:40","modified_gmt":"2025-11-11T04:34:40","slug":"tuesday-29th-aug-2023-asia-pacific-markets-rally-as-hong-kong-and-mainland-china-lead-gains","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-29th-aug-2023-asia-pacific-markets-rally-as-hong-kong-and-mainland-china-lead-gains\/","title":{"rendered":"Tuesday 29th Aug 2023: Asia-Pacific Markets Rally as Hong Kong and Mainland China Lead Gains"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite up 0.93%, Hang Seng up 1.91%, ASX up 0.71%<\/li>\n\n\n\n<li>Commodities : Gold at $1951.40 (0.23%), Silver at $24.32 (0.46%), Brent Oil at $83.69 (-0.24%), WTI Oil at $79.88 (-0.27%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.181, UK 10-year yield at 4.497, Germany 10-year yield at 2.533<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(JPY) Unemployment Rate 2.7% vs 2.5% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets displayed a collective rise as Wall Street celebrated a successful day on Monday. Leading this surge were Hong Kong and Mainland Chinese stocks, extending their Monday gains.<\/p>\n\n\n\n<p>Hong Kong\u2019s Hang Seng index stood out with an impressive climb of over 2%. Meanwhile, on mainland China, the CSI 300 saw a notable advance of 1.31%. The tech stock sector notably drove the Shenzhen Component, which surged by 2.3%.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 saw a modest uptick of 0.18%, maintaining its momentum from Monday and closing at 32,226.97. The Topix followed suit with a 0.16% increase, reaching 2,303.41.<\/p>\n\n\n\n<p>Across the ocean, in the US, all major indexes exhibited positive movement. The Dow Jones Industrial Average marked a gain of 0.62%, while the S&amp;P 500 and the Nasdaq Composite recorded increases of 0.63% and 0.84%, respectively.<\/p>\n\n\n\n<p>The market rally on Monday showed broad strength, with ten out of eleven sectors in the S&amp;P 500 contributing to the positive sentiment. The utilities sector was the only outlier, experiencing a marginal decline of 0.04%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:00 PM GMT &#8211; USD S&amp;P\/CS Composite-20 HPI y\/y<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD CB Consumer Confidence<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD JOLTS Job Openings<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets displayed 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\/65337"}],"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=65337"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65337\/revisions"}],"predecessor-version":[{"id":65356,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65337\/revisions\/65356"}],"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=65337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}