{"id":66107,"date":"2023-10-16T17:28:59","date_gmt":"2023-10-16T06:28:59","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66107"},"modified":"2025-11-11T15:19:47","modified_gmt":"2025-11-11T04:19:47","slug":"monday-16th-october-2023-asia-pacific-markets-on-edge-as-china-and-japan-await-key-data-releases","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-16th-october-2023-asia-pacific-markets-on-edge-as-china-and-japan-await-key-data-releases\/","title":{"rendered":"Monday 16th October 2023: Asia-Pacific Markets on Edge as China and Japan Await Key Data Releases"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 2.03%, Shanghai Composite down 0.65, Hang Seng down 0.72% ASX down 0.35%<\/li>\n\n\n\n<li>Commodities : Gold at $1927.45 (-0.78%), Silver at $22.78 (-0.59%), Brent Oil at $90.66 (-0.28%), WTI Oil at $86.16 (-0.27%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.675, UK 10-year yield at 4.4455, Germany 10-year yield at 2.765<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Prelim UoM Consumer Sentiment 63.0 vs 67.2 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets began the week cautiously as investors awaited critical economic data releases from China and Japan. Notably, China is set to unveil its third-quarter gross domestic product figures, with economists anticipating a year-on-year growth of 4.4%, down from the previous quarter&#8217;s 6.3%. The People&#8217;s Bank of China kept its one-year medium-term lending facility rate unchanged at 2.50%, in line with expectations.<\/p>\n\n\n\n<p>In Japan, attention is on the upcoming release of September inflation data ahead of the central bank&#8217;s monetary policy meeting later in the month. South Korea is also poised to announce its rate decision, having maintained a consistent 3.5% rate since February. In the Australian market, the S&amp;P\/ASX 200 index experienced a 0.35% decline, while New Zealand&#8217;s S&amp;P\/NZX 50 Index closed 0.71% lower.<\/p>\n\n\n\n<p>Meanwhile, Japan&#8217;s Nikkei 225 index saw a significant drop of 2.03%, with the Topix index down 1.52%. South Korea&#8217;s Kospi index recorded a 1% decline. In Hong Kong, the Hang Seng index edged 0.72% lower, while China&#8217;s benchmark CSI 300 index fell by 0.63%. These market movements reflect the cautious sentiment in the Asia-Pacific region as investors await key economic data releases later in the week.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD Manufacturing Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Wholesale Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Empire State Manufacturing Index<\/li>\n\n\n\n<li>2:30 PM GMT &#8211; CAD BOC Business Outlook Survey<\/li>\n\n\n\n<li>2:30 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 markets began the [&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\/66107"}],"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=66107"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66107\/revisions"}],"predecessor-version":[{"id":66119,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66107\/revisions\/66119"}],"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=66107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}