{"id":66619,"date":"2023-11-16T19:30:47","date_gmt":"2023-11-16T08:30:47","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66619"},"modified":"2025-11-10T22:22:46","modified_gmt":"2025-11-10T11:22:46","slug":"thursday-16th-november-2023-asia-pacific-markets-witness-volatility-amid-global-talks-and-regional-factors","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-16th-november-2023-asia-pacific-markets-witness-volatility-amid-global-talks-and-regional-factors\/","title":{"rendered":"Thursday 16th November 2023: Asia-Pacific Markets Witness Volatility Amid Global Talks and Regional Factors"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.35%, Shanghai Composite down 0.71, Hang Seng down 1.41% ASX down&nbsp; 0.67%<\/li>\n\n\n\n<li>Commodities : Gold at $1967.05 (0.17%), Silver at $23.59 (0.24%), Brent Oil at $80.38 (-1.07%), WTI Oil at $76.03 (-1.85%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.501, UK 10-year yield at 4.212, Germany 10-year yield at 2.606<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core PPI m\/m 0.0% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Core Retail Sales m\/m 0.1% vs -0.1% expected<\/li>\n\n\n\n<li>(USD) PPI m\/m&nbsp; -0.5 vs 0.1% expected<\/li>\n\n\n\n<li>(USD) Retail Sales m\/m&nbsp; -0.1 vs -0.3 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>The Asia-Pacific region witnessed a decline in stock markets, particularly in Hong Kong where the Hang Seng index fell by 1.05%, following a notable 3.92% increase in the previous session. This decline was primarily driven by the drop in Hong Kong-listed shares of Xpeng, a Chinese electric vehicle company, which experienced a 4.2% decrease after reporting wider quarterly losses.<\/p>\n\n\n\n<p>Geopolitical discussions between U.S. President Joe Biden and Chinese President Xi Jinping took place during the Asia-Pacific Economic Cooperation conference outside San Francisco. The meeting aimed to enhance communication between the two nations amid ongoing tensions. South Korea&#8217;s stock markets had a delayed opening at 10 a.m. local time to accommodate college entrance exams, resulting in a steady performance for the Kospi while the Kosdaq showed a slight increase of 0.39%.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 saw a 0.20% dip, and the Topix experienced a marginal decrease of 0.08%. Mainland China&#8217;s CSI 300 dropped by 0.72%, while Australia&#8217;s S&amp;P\/ASX 200 fell by 0.67%, closing at 7,058.40.<\/p>\n\n\n\n<p>In the U.S., stocks continued their upward trajectory fueled by positive inflation data. The S&amp;P 500 surged by 0.16%, the Nasdaq Composite saw a slight increase of 0.07%, and the Dow Jones Industrial Average climbed by 0.47%, marking its fourth consecutive session of gains.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:15 PM GMT &#8211; CAD Housing Starts<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Philly Fed Manufacturing Index<\/li>\n\n\n\n<li>2:15 PM GMT &#8211; USD Industrial Production m\/m<\/li>\n\n\n\n<li>3:30 PM GMT &#8211; USD Natural Gas Storage<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: The Asia-Pacific region witnessed [&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\/66619"}],"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=66619"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66619\/revisions"}],"predecessor-version":[{"id":66620,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66619\/revisions\/66620"}],"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=66619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}