{"id":65921,"date":"2023-10-05T18:23:06","date_gmt":"2023-10-05T07:23:06","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=65921"},"modified":"2025-11-11T15:23:35","modified_gmt":"2025-11-11T04:23:35","slug":"thursday-5th-october-2023-asia-pacific-markets-rally-as-u-s-yields-ease-u-s-indexes-close-higher","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-5th-october-2023-asia-pacific-markets-rally-as-u-s-yields-ease-u-s-indexes-close-higher\/","title":{"rendered":"Thursday 5th October 2023: Asia-Pacific Markets Rally as U.S. Yields Ease, U.S. Indexes Close Higher"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.67, Shanghai Composite closed, Hang Seng up 0.29 ASX up 0.51%<\/li>\n\n\n\n<li>Commodities : Gold at $1835.45 (0.08%), Silver at $21.25 (0.45%), Brent Oil at $86.18 (0.48%), WTI Oil at $84.475 (0.34%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.745, UK 10-year yield at 4.6655, Germany 10-year yield at 2.945<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) ADP Non-Farm Employment Change 89K vs 154K expected<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>(USD) Final Services PMI 50.1 vs 50.2 expected<\/li>\n\n\n\n<li>(USD) ISM Services PMI 53.6 vs 53.5 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Markets in the Asia-Pacific region showed an upward trajectory as U.S. Treasury yields retreated from their 16-year highs, influenced by underwhelming job data. In Japan, the Nikkei 225 surged by 1.67%, concluding the day at 31,075.36, while the Topix index gained 2.02%, finishing at 2,263.76. South Korea&#8217;s Kospi experienced a minor decline of 0.09%, closing at 2,403.6, whereas the Kosdaq fell by 0.79% to reach 801.02. This drop came after South Korea&#8217;s consumer price index for September reported a 3.7% increase compared to the previous year, exceeding Reuters&#8217; forecast of a 3.4% rise.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 managed to climb 0.51%, ending the session at 6,925.5. Hong Kong&#8217;s Hang Seng index also exhibited a positive trend, rising by 0.33%. However, Chinese markets remained closed due to an ongoing weeklong holiday.<\/p>\n\n\n\n<p>In the United States, the previous night saw all three major indexes closing on a positive note. The Dow Jones Industrial Average, after a three-day decline, recorded a 0.39% gain to conclude at 33,129.55. The S&amp;P 500 added 0.81%, closing at 4,263.75, and the Nasdaq Composite saw a robust gain of 1.35%, ending the day at 13,236.01.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD Trade Balance<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Trade Balance<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; CAD Ivey PMI<\/li>\n\n\n\n<li>2:30 PM GMT &#8211; USD Natural Gas Storage<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Markets in the Asia-Pacific [&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\/65921"}],"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=65921"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65921\/revisions"}],"predecessor-version":[{"id":65927,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/65921\/revisions\/65927"}],"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=65921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=65921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=65921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}