{"id":66734,"date":"2023-11-27T16:57:32","date_gmt":"2023-11-27T05:57:32","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66734"},"modified":"2025-11-10T22:22:12","modified_gmt":"2025-11-10T11:22:12","slug":"monday-27th-november-2023-asia-pacific-markets-begin-week-with-declines-economic-indicators-awaited","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-27th-november-2023-asia-pacific-markets-begin-week-with-declines-economic-indicators-awaited\/","title":{"rendered":"Monday 27th November 2023: Asia-Pacific Markets Begin Week with Declines; Economic Indicators Awaited"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite down 0.38, Hang Seng down 0.58% ASX down 0.76%<\/li>\n\n\n\n<li>Commodities : Gold at $2013.05 (0.53%), Silver at $24.70 (1.50%), Brent Oil at $79.71 (-0.96%), WTI Oil at $74.74 (-1.06%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.499, UK 10-year yield at 4.336, Germany 10-year yield at 2.629<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Core retail sales 0.2% vs -0.3% expected<\/li>\n\n\n\n<li>(CAD) Retail sales m\/m 0.6% vs 0.0% expected<\/li>\n\n\n\n<li>(USD) Flash Manufacturing PMI 49.4 vs 49.9 expected<\/li>\n\n\n\n<li>(USD) Flash Services PMI 50.8 vs&nbsp; 50.4 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>The Asia-Pacific markets opened the week on a downward trend. Chinese markets were weighed down by property stocks, while Japan saw a notable surge in service inflation, hitting a 45-month high. Japan&#8217;s service Producer Price Index (PPI) rose to 2.3% in October, marking its highest level since January 2020, surpassing the previous month&#8217;s 2% reading. Meanwhile, China reported a slowdown in the contraction of industrial profits for November, the slowest decline in almost a year according to government data released on Monday.<\/p>\n\n\n\n<p>Looking ahead, attention is on upcoming economic indicators. China is set to release official factory activity figures for November on Thursday, while Australia&#8217;s October inflation data, due Wednesday, will offer insights into the central bank&#8217;s strategies. India&#8217;s GDP figures for the three months ending in September are expected late Thursday.<\/p>\n\n\n\n<p>Market movements reflected the news: Hong Kong&#8217;s Hang Seng index dropped by 0.58%, mainland China&#8217;s CSI 300 index fell by 1.03%, and Australia&#8217;s S&amp;P\/ASX 200 initially gained but eventually dropped by 0.76%. Japan&#8217;s Nikkei 225 slipped by 0.60%, inching closer to surpassing its 33-year high reached on July 3. The Topix index also declined by 0.39%. In contrast, South Korea&#8217;s Kospi was the sole major benchmark in positive territory, climbing by 0.1%, while the small-cap Kosdaq slid by 0.36%.<\/p>\n\n\n\n<p>In the U.S. on Friday, the three primary indexes had mixed results in a shortened trading session. The Dow Jones Industrial Average rose by 0.33%, the S&amp;P 500 saw a slight increase of 0.06%, and the tech-heavy Nasdaq Composite fell by 0.11%. Retail giants had modest gains as Black Friday marked the start of the holiday shopping season: Walmart and Target rose by 0.9% and 0.74%, respectively, while Amazon saw a marginal increase of 0.02%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; EUR ECB President Lagarde Speaks<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD New Home Sales<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: The Asia-Pacific markets opened [&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\/66734"}],"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=66734"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66734\/revisions"}],"predecessor-version":[{"id":66737,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66734\/revisions\/66737"}],"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=66734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}