{"id":66635,"date":"2023-11-17T18:41:01","date_gmt":"2023-11-17T07:41:01","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66635"},"modified":"2025-11-10T22:22:38","modified_gmt":"2025-11-10T11:22:38","slug":"friday-17th-november-2023-asia-pacific-markets-witness-mixed-performance-amid-alibaba-woes-and-global-talks","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-17th-november-2023-asia-pacific-markets-witness-mixed-performance-amid-alibaba-woes-and-global-talks\/","title":{"rendered":"Friday 17th November 2023: Asia-Pacific Markets Witness Mixed Performance Amid Alibaba Woes and Global Talks"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.46%, Shanghai Composite up 0.11, Hang Seng down 2.07% ASX down&nbsp; 0.13%<\/li>\n\n\n\n<li>Commodities : Gold at $1988.05 (0.07%), Silver at $23.89 (-0.24%), Brent Oil at $77.48 (0.07%), WTI Oil at $73.03 (0.15%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.445, UK 10-year yield at 4.155, Germany 10-year yield at 2.561<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Housing starts 277K vs 255k expected<\/li>\n\n\n\n<li>(USD) Unemployment claims&nbsp; 231K vs 221K expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Stock markets in the Asia-Pacific region experienced mixed performance, led by Hong Kong&#8217;s decline on Friday. The Hang Seng index fell by 2.13%, mainly due to a significant drop in Alibaba&#8217;s shares, dragging the Hang Seng Tech index down by 1.83%. Despite this, the HSI was poised to end the week with a 1.47% gain.<\/p>\n\n\n\n<p>Alibaba&#8217;s decision not to proceed with its cloud group&#8217;s full spinoff, citing U.S. chip export restrictions, impacted investor sentiment. Investors also focused on high-level talks between the U.S. and China, while economic data from the region was under scrutiny.<\/p>\n\n\n\n<p>Meanwhile, after a month-long rally, Wall Street stocks paused. Japan&#8217;s Nikkei 225 closed 0.48% higher, with the Topix up by 0.95%, marking a 2.33% weekly increase.<\/p>\n\n\n\n<p>In South Korea, the Kospi closed 0.74% lower but posted a 2.5% weekly gain. The Kosdaq fell by 1.50% but maintained a 1.29% weekly increase.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 ended 0.13% lower, showing a 1% rise for the week. Mainland China&#8217;s CSI 300 index dropped 0.23% for the day, remaining the only major Asian market considering weekly losses. In the U.S., the Dow Jones closed lower with a 0.13% slip, while the S&amp;P 500 edged higher by 0.12% and the Nasdaq Composite inched up by 0.07%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD IPPI m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; CAD RMPI m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Building Permits<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Housing Starts<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Stock markets in 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\/66635"}],"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=66635"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66635\/revisions"}],"predecessor-version":[{"id":66647,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66635\/revisions\/66647"}],"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=66635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}