{"id":66810,"date":"2023-11-30T17:43:03","date_gmt":"2023-11-30T06:43:03","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66810"},"modified":"2025-11-10T22:20:35","modified_gmt":"2025-11-10T11:20:35","slug":"thursday-30th-november-2023-asia-pacific-trends","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-30th-november-2023-asia-pacific-trends\/","title":{"rendered":"Thursday 30th November 2023: Asia-Pacific Trends"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.43%, Shanghai Composite up 0.23%, Hang Seng up 0.29% ASX up 0.74%<\/li>\n\n\n\n<li>Commodities : Gold at $2043.45 (-0.23%), Silver at $24.89 (-0.26%), Brent Oil at $83.61 (0.56%), WTI Oil at $78.69 (0.63%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.278, UK 10-year yield at 4.126, Germany 10-year yield at 2.416<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Prelim GDP q\/q 5.2% vs 5.0% expected<\/li>\n\n\n\n<li>(USD) Crude Oil Inventories&nbsp; 1.6M vs -0.1M expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Stock markets in South Korea surged after the country&#8217;s central bank maintained its lending rates unchanged for the seventh consecutive time. Conversely, China and Hong Kong experienced market declines due to a further contraction in China&#8217;s manufacturing activity. South Korea&#8217;s central bank opted to hold its benchmark policy rate at 3.5%, projecting a slowdown in inflation despite its persistent elevation.<\/p>\n\n\n\n<p>The Asia-Pacific region saw mixed market trends as investors assessed economic indicators. China faced a consecutive decline in factory activity for November, while non-manufacturing activity hit a yearly low. South Korea surprised markets with a 3.5% drop in industrial output, contrary to economist predictions of a 0.5% rise. Additionally, the country awaited its central bank&#8217;s rate decision on the same day. Japan&#8217;s Nikkei 225 rebounded by 0.43%, and the Topix saw a 0.30% increase. South Korea&#8217;s Kospi grew by 0.12%, while the smaller-cap Kosdaq rose by 0.52% post the monetary policy announcement.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 surged by 0.74%, closing at 7,087.3, marking three consecutive days of gains. In the U.S., major indexes remained stable despite the economy&#8217;s better-than-expected growth. The third-quarter GDP accelerated at an annualized pace of 5.2%, surpassing forecasts and initial estimates. The Dow rose by 0.04%, the S&amp;P 500 declined by 0.09%, and the Nasdaq Composite slipped by 0.16% in Wednesday&#8217;s trading session.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD GDP m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Core PCE Price Index m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>2:45 PM GMT &#8211; USD Chicago PMI<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD Pending Home Sales 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: Stock markets in South [&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\/66810"}],"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=66810"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66810\/revisions"}],"predecessor-version":[{"id":66815,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66810\/revisions\/66815"}],"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=66810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}