{"id":66759,"date":"2023-11-28T17:37:34","date_gmt":"2023-11-28T06:37:34","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66759"},"modified":"2025-11-10T22:22:04","modified_gmt":"2025-11-10T11:22:04","slug":"tuesday-28th-november-2023-asia-pacific-markets-mixed-performance-amid-global-shifts","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-28th-november-2023-asia-pacific-markets-mixed-performance-amid-global-shifts\/","title":{"rendered":"Tuesday 28th November 2023: Asia-Pacific Markets Saw Mixed Performance Amid Global Shifts"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.11%, Shanghai Composite up 0.18, Hang Seng down 0.87% ASX up 0.39%<\/li>\n\n\n\n<li>Commodities : Gold at $2013.05 (0.03%), Silver at $24.66 (-0.06%), Brent Oil at $80.01 (0.26%), WTI Oil at $75.00 (0.26%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.387, UK 10-year yield at 4.257, Germany 10-year yield at 2.540<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) New Home sales&nbsp; 679K vs 724K expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>The Asia-Pacific markets displayed mixed performances, diverging from the previous day&#8217;s overall negative trend. Oil prices saw a slight dip following Qatar&#8217;s announcement of a two-day extension to the Israel-Hamas truce. Brent futures for January fell by 0.62% to $80.08 a barrel, while West Texas Intermediate crude futures initially dropped but later rebounded, closing at $75.16 a barrel with a 0.4% gain.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 closed at 7,015.2, marking a 0.39% increase, anticipating the upcoming release of October&#8217;s inflation figures. South Korea&#8217;s Kospi rose by 0.35%, while the smaller Kosdaq surged by 0.49%. Conversely, Japan witnessed a downturn, with the Nikkei 225 and Topix both sliding by 0.11% and 0.3%, respectively.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index extended its losses by 0.44% from the previous day, while mainland China&#8217;s CSI 300 index remained nearly unchanged below the flatline. In the U.S., all major indexes experienced declines on Monday, interrupting a four-week winning streak. This downturn followed a market rally triggered by the retreat of the 10-year Treasury yield from briefly surpassing 5% in late October.<\/p>\n\n\n\n<p>For the month, the S&amp;P 500 climbed 8.5%, the Dow rose by 6.9%, and the Nasdaq surged by 10.8%. Monday&#8217;s Dow Jones Industrial Average dipped by 0.16%, the S&amp;P 500 shed 0.2%, and the Nasdaq Composite saw a marginal decrease of 0.07%. Overall, markets displayed varied movements in response to regional and global developments, continuing to navigate shifting geopolitical and economic factors.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD HPI m\/m<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD CB Consumer Confidence<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD Richmond Manufacturing Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: The Asia-Pacific markets displayed [&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\/66759"}],"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=66759"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66759\/revisions"}],"predecessor-version":[{"id":66769,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66759\/revisions\/66769"}],"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=66759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}