{"id":65859,"date":"2023-10-02T18:35:01","date_gmt":"2023-10-02T07:35:01","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65859"},"modified":"2025-11-11T15:24:14","modified_gmt":"2025-11-11T04:24:14","slug":"monday-2nd-october-2023-asia-pacific-stocks-falter-despite-positive-chinese-manufacturing-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-2nd-october-2023-asia-pacific-stocks-falter-despite-positive-chinese-manufacturing-data\/","title":{"rendered":"Monday 2nd October 2023: Asia-Pacific Stocks Falter Despite Positive Chinese Manufacturing Data"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.21, Shanghai Composite closed, Hang Seng down closed, ASX down 0.22%<\/li>\n\n\n\n<li>Commodities : Gold at $1958.45 (-0.41%), Silver at $23.45 (-0.05%), Brent Oil at $92.42 (0.26%), WTI Oil at $91.12 (0.362%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.612, UK 10-year yield at 4.533, Germany 10-year yield at 2.850<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) GDP m\/m&nbsp; 0.0% vs 0.1% expected<\/li>\n\n\n\n<li>(USD) Core PCE Price Index m\/m 0.1% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) Revised UoM Consumer Sentiment 68.1 vs 67.7 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific stocks experienced declines despite positive manufacturing data from China, which indicated a return to expansion territory. Official data revealed that China&#8217;s factory activity in September expanded, marking the first expansion since April. The Purchasing Managers&#8217; Index (PMI) for China climbed to 50.2 in September, surpassing Reuters&#8217; expectations of 50.0. Notably, China&#8217;s markets were closed for the weeklong Golden Week holiday, and South Korean and Hong Kong&#8217;s markets were also observing holidays.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 traded 0.21% lower, closing at 31,759.88, while the Topix slipped 0.39%, ending at 2,314. The sentiment among Japan&#8217;s major manufacturers improved, registering a score of 9 in the third quarter, up from 5 in the previous three months, according to the widely-watched central bank tankan survey.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 declined by 0.22%, closing at 7,033.2. In the United States on Friday, the three major indexes had mixed results. The Dow and S&amp;P 500 closed the session lower by 0.5% and 0.3%, respectively, concluding a negative week for both indexes. In contrast, the Nasdaq Composite finished up 0.1%. Over the weekend, U.S. legislators managed to reach a temporary agreement, averting a government shutdown.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD ISM Manufacturing PMI<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD ISM Manufacturing Prices<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; GBP MPC Member Mann Speaks<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD Fed Chair Powell Speaks<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD FOMC Member Harker Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific stocks experienced 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\/65859"}],"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=65859"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65859\/revisions"}],"predecessor-version":[{"id":65869,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65859\/revisions\/65869"}],"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=65859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}