{"id":66086,"date":"2023-10-13T17:30:35","date_gmt":"2023-10-13T06:30:35","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66086"},"modified":"2025-11-11T15:20:05","modified_gmt":"2025-11-11T04:20:05","slug":"friday-13th-october-2023-asia-pacific-markets-react-to-chinas-data-and-u-s-inflation","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-13th-october-2023-asia-pacific-markets-react-to-chinas-data-and-u-s-inflation\/","title":{"rendered":"Friday 13th October 2023: Asia-Pacific Markets React to China&#8217;s Data and U.S. Inflation"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.61%, Shanghai Composite down 0.71, Hang Seng down 2.38% ASX down 0.56%<\/li>\n\n\n\n<li>Commodities : Gold at $1889.45 (0.38%), Silver at $22.18 (1.05%), Brent Oil at $86.78 (0.88%), WTI Oil at $83.80 (1.07%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.665, UK 10-year yield at 4.460, Germany 10-year yield at 2.779<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core CPI m\/m 0.3% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) PPI m\/m 0.4% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) PPI y\/y 3.7% vs 3.6% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 209K vs 211K expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Hong Kong stocks took a hit, falling over 2%, leading a broader downturn in the Asia-Pacific markets. This decline was spurred by investors&#8217; reaction to China&#8217;s inflation and trade data for September. China&#8217;s consumer price index for the month remained flat, missing the 0.2% increase predicted by analysts. Moreover, China&#8217;s producer price index saw a 2.5% drop, slightly exceeding Reuters&#8217; projected 2.4% decline.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 dipped by 0.61%, and South Korea&#8217;s Kospi showed a more substantial decline of 0.9%. Simultaneously, Australia&#8217;s S&amp;P\/ASX 200 index registered a 0.56% drop.<\/p>\n\n\n\n<p>In the United States, all three major stock indexes faced losses due to unexpectedly robust U.S. inflation data. The Dow Jones Industrial Average fell by 0.51%, closing at 33,631.14, while the S&amp;P 500 recorded a 0.62% drop, ending at 4,349.61. The Nasdaq Composite saw a 0.63% decrease, closing at 13,574.22. The U.S. consumer price index for September displayed a 0.4% monthly increase and a year-on-year rise of 3.7%. This data followed a stronger-than-expected producer price index reading for September.<\/p>\n\n\n\n<p>In summary, Hong Kong and Asian markets experienced declines in response to China&#8217;s economic data, while U.S. markets also faced losses driven by robust inflation figures. These developments reflect the continued impact of economic indicators on global financial markets.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Import Prices m\/m<\/li>\n\n\n\n<li>1:00 PM GMT &#8211; EUR ECB President Lagarde Speaks<\/li>\n\n\n\n<li>1:00 PM GMT &#8211; USD FOMC Member Harker Speaks<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; GBP CB Leading Index m\/m<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD Prelim UoM Consumer Sentiment<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Hong Kong stocks took [&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\/66086"}],"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=66086"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66086\/revisions"}],"predecessor-version":[{"id":66095,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66086\/revisions\/66095"}],"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=66086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}