{"id":66028,"date":"2023-10-10T18:15:36","date_gmt":"2023-10-10T07:15:36","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66028"},"modified":"2025-11-11T15:20:57","modified_gmt":"2025-11-11T04:20:57","slug":"tuesday-10th-october-2023-asia-pacific-markets-resilient-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-10th-october-2023-asia-pacific-markets-resilient-amid-geopolitical-tensions\/","title":{"rendered":"Tuesday 10th October 2023: Asia-Pacific Markets Resilient Amid Geopolitical Tensions"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 2.48%, Shanghai Composite down 0.70, Hang Seng up 0.46% ASX up 1.01%<\/li>\n\n\n\n<li>Commodities : Gold at $1870.45 (0.38%), Silver at $21.88 (-0.19%), Brent Oil at $87.28 (-1.18%), WTI Oil at $85.45 (-1.14%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.658, UK 10-year yield at 4.50, Germany 10-year yield at 2.762<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(GBP) BRC Retail Sales Monitor y\/y 2,8% vs 3.1% expected<\/li>\n\n\n\n<li>(JPY) Current Account 1.63T vs 2.41T expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>The Asia-Pacific markets exhibited resilience in the face of increased geopolitical tensions stemming from the attack on Israel by the Palestinian militant group Hamas. Japan&#8217;s Nikkei 225 was a standout performer, surging by an impressive 2.4% and leading the regional gains. This surge followed Japan&#8217;s return from a public holiday, and the broader Topix index also posted significant gains, rising by 2.09%.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 continued its upward trajectory, climbing by 1.01% to close at 7,040.6 points. This gain marked an extension of the positive momentum from the previous trading day, pushing the index above the pivotal 7,000-point threshold. Meanwhile, South Korea&#8217;s Kospi initially saw gains but later reversed its course, closing down by 0.18%, while the Kosdaq index experienced a more substantial decline, plummeting by 2.74%.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index managed to rise by 0.46%, contrasting with mainland Chinese markets, which found themselves in negative territory, with the CSI 300 falling by 0.39%. A typhoon warning in Hong Kong resulted in a shortened trading day lasting just two hours on Monday.<\/p>\n\n\n\n<p>In the United States, all three major stock indexes experienced a rebound from earlier losses during the trading day. The Dow Jones Industrial Average increased by 0.59%, the S&amp;P 500 gained 0.63%, and the tech-heavy Nasdaq Composite added 0.39%. Despite the prevailing geopolitical tensions, market participants displayed optimism and resilience, with positive performances observed across various Asian and U.S. indices.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD Final Wholesale Inventories m\/m<\/li>\n\n\n\n<li>5:00 PM GMT &#8211; USD FOMC Member Waller Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: The Asia-Pacific markets exhibited [&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\/66028"}],"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=66028"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66028\/revisions"}],"predecessor-version":[{"id":66037,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66028\/revisions\/66037"}],"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=66028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}