{"id":67140,"date":"2023-12-21T17:30:26","date_gmt":"2023-12-21T06:30:26","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67140"},"modified":"2025-11-10T22:16:48","modified_gmt":"2025-11-10T11:16:48","slug":"thursday-21st-december-2023-asian-markets-slide-amid-u-s-data-awaitment-and-global-index-declines","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-21st-december-2023-asian-markets-slide-amid-u-s-data-awaitment-and-global-index-declines\/","title":{"rendered":"Thursday 21st December 2023: Asian Markets Slide Amid U.S. Data Awaitment and Global Index Declines"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.62%, Shanghai Composite up 0.46%, Hang Seng down 0.18% ASX down 0.45%<\/li>\n\n\n\n<li>Commodities : Gold at $2045.5 (-0.07%), Silver at $24.53 (-0.34%), Brent Oil at $79.62 (-0.13%), WTI Oil at $74.07 (-0.14%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.879, UK 10-year yield at 3.566, Germany 10-year yield at 1.956<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) CB Consumer Confidence 110.7 vs 104.6 expected<\/li>\n\n\n\n<li>(USD) Existing Home Sales 3.82M vs 3.77M expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>The Asia-Pacific markets saw widespread declines after Wall Street&#8217;s slip, with eyes fixed on upcoming U.S. data on GDP and inflation. China&#8217;s CSI 300 climbed 0.73%. Economists foresee a 5.2% year-on-year growth for the U.S. economy in Q3, with a modest 2.3% increase expected in the Personal Consumption Expenditures price index\u2014the slowest since late 2020.<\/p>\n\n\n\n<p>In the region, Australia&#8217;s S&amp;P\/ASX 200 dipped by 0.45%, Japan&#8217;s Nikkei 225 plummeted 1.62%, and the Topix fell 0.9%, influenced by safety issues at Toyota. South Korea&#8217;s Kospi and the Kosdaq also experienced drops of 0.77% and 0.34%, respectively, ending a recent winning streak.<\/p>\n\n\n\n<p>In the U.S., all major indexes faced losses after investors locked in profits following nine days of consecutive gains for the Dow Jones and Nasdaq. The Dow slipped by 1.27%, the Nasdaq by 1.5%, and the broader S&amp;P 500 declined by 1.47%. Notably, the S&amp;P 500 had approached its all-time high of 4,796 from January 2022 prior to this downturn.<\/p>\n\n\n\n<p>Overall, market sentiment in the Asia-Pacific region mirrored Wall Street&#8217;s retreat, with attention drawn to the upcoming U.S. economic indicators. Concerns over economic growth and inflation dynamics drove cautious trading in various markets, offsetting recent positive streaks observed in some indices.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD Core Retail Sales m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; CAD Retail Sales m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Final GDP q\/q<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Unemployment Claims<\/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: The Asia-Pacific markets saw [&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\/67140"}],"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=67140"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67140\/revisions"}],"predecessor-version":[{"id":67143,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67140\/revisions\/67143"}],"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=67140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}