{"id":67050,"date":"2023-12-15T15:33:31","date_gmt":"2023-12-15T04:33:31","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67050"},"modified":"2025-11-10T22:18:04","modified_gmt":"2025-11-10T11:18:04","slug":"monday-18th-december-2023-asia-pacific-markets-navigate-mixed-trends","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-18th-december-2023-asia-pacific-markets-navigate-mixed-trends\/","title":{"rendered":"Monday 18th December 2023: Asia-Pacific Markets Navigate Mixed Trends"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.64%, Shanghai Composite down 0.44%, Hang Seng down 0.97% ASX down 0.22%<\/li>\n\n\n\n<li>Commodities : Gold at $2036.5 (0.17%), Silver at $24.23 (0.34%), Brent Oil at $77.56 (0.62%), WTI Oil at $72.07 (0.73%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.906, UK 10-year yield at 3.734, Germany 10-year yield at 2.026<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Flash Manufacturing PMI 48.2 vs 49.5 expected<\/li>\n\n\n\n<li>(USD) Flash Services PMI 51.3 vs 50.7 expected<\/li>\n\n\n\n<li>(USD) Industrial Production m\/m 0.2% vs 0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Most Asia-Pacific markets began the penultimate week of 2023 lower, except for South Korea, which saw gains driven by defense stocks. Last week, these markets surged following the U.S. Federal Reserve&#8217;s decision to maintain rates and plans for future cuts in 2024 and 2025.<\/p>\n\n\n\n<p>As the Bank of Japan gears up for its final meeting this year, expectations lean toward no major policy changes, though a shift in future policy tone is anticipated. Economists predict the BOJ will maintain its benchmark interest rate at -0.1%.<\/p>\n\n\n\n<p>Upcoming events include China&#8217;s announcement of loan prime rates and Japan&#8217;s release of inflation data. Australia&#8217;s S&amp;P\/ASX 200 ended a six-day winning streak, closing 0.22% lower at 7,426.40.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 and Topix declined by 0.64% and 0.71%, respectively. South Korea&#8217;s Kospi initially dropped but later rose by 0.27%, while the Kosdaq surged by 1.75%, with defense companies experiencing an uptrend.<\/p>\n\n\n\n<p>In the U.S., markets closed with mixed results on Friday. The Dow Jones Industrial Average set a new intraday record, rising by 0.2%, and the Nasdaq Composite increased by 0.4%. Meanwhile, the S&amp;P500 saw a slight dip but extended its winning streak to seven weeks, marking its longest since 2017.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD NHPI m\/m<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD NAHB Housing Market Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Most Asia-Pacific markets began [&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\/67050"}],"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=67050"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67050\/revisions"}],"predecessor-version":[{"id":67085,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67050\/revisions\/67085"}],"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=67050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}