{"id":66957,"date":"2023-12-11T17:41:07","date_gmt":"2023-12-11T06:41:07","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=66957"},"modified":"2025-11-10T22:18:38","modified_gmt":"2025-11-10T11:18:38","slug":"monday-11th-december-2023-asian-markets-grapple-with-chinas-deflation-concerns","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-11th-december-2023-asian-markets-grapple-with-chinas-deflation-concerns\/","title":{"rendered":"Monday 11th December 2023: Asian markets grapple with China&#8217;s deflation concerns"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.57%, Shanghai Composite up 0.82%, Hang Seng down 0.47% ASX up 0.07%<\/li>\n\n\n\n<li>Commodities : Gold at $2014.5 (0.02%), Silver at $23.13 (0.34%), Brent Oil at $76.56 (2.82%), WTI Oil at $71.77 (0.73%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.257, UK 10-year yield at 4.054, Germany 10-year yield at 2.259<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Average Hourly Earnings m\/m 0.4% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Non-Farm Employment Change 199K vs 184K expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate 3.7% vs 3.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>China&#8217;s stock market faced a downturn on Monday due to ongoing deflationary pressures within its economy, driven by weakened domestic demand. Conversely, Japan experienced a surge in its stock market amid speculation that the country&#8217;s central bank might delay an anticipated interest rate hike.<\/p>\n\n\n\n<p>Recent November data from China revealed a sharper-than-expected decline in consumer prices. The consumer price index dropped by 0.5% year-on-year, exceeding the forecasted 0.1% decline. Additionally, the producer price index (PPI) showed a 3% year-on-year decrease, marking the 14th consecutive month of decline and the quickest fall since August.<\/p>\n\n\n\n<p>At the market&#8217;s opening, China&#8217;s CSI 300 index declined by 1.28%, while Hong Kong&#8217;s Hang Seng index dropped by 0.9%, both lagging behind other markets in the Asia-Pacific region. In contrast, Japan&#8217;s Nikkei 225 surged by 1.56%, and the broader Topix index saw a more moderate increase of 1.35%.<\/p>\n\n\n\n<p>The week&#8217;s spotlight is on the U.S. Federal Reserve&#8217;s upcoming monetary policy decision, widely anticipated to maintain the policy rate within the 5.25% to 5.5% range. Elsewhere, Australia&#8217;s S&amp;P\/ASX 200 began the week with a 0.21% rise, aiming for a three-month high. South Korea&#8217;s Kospi index struggled to gain direction, marking a minimal 0.06% increase, while the small-cap Kosdaq showed a more significant rise of 0.92%. In the U.S., all three major indexes reported gains on Friday, with the S&amp;P 500 hitting a new yearly high, signaling a robust economy and moderated inflation.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>11:30 PM GMT &#8211; AUD Westpac Consumer Sentiment<\/li>\n\n\n\n<li>11:50 PM GMT &#8211; JPY PPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: China&#8217;s stock market faced [&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\/66957"}],"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=66957"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66957\/revisions"}],"predecessor-version":[{"id":66958,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/66957\/revisions\/66958"}],"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=66957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=66957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=66957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}