{"id":67556,"date":"2024-01-19T18:45:28","date_gmt":"2024-01-19T07:45:28","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67556"},"modified":"2025-11-10T22:13:33","modified_gmt":"2025-11-10T11:13:33","slug":"friday-19th-january-2024-asian-markets-rally-on-chip-stock-boost-and-economic-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-19th-january-2024-asian-markets-rally-on-chip-stock-boost-and-economic-data\/","title":{"rendered":"Friday 19th January 2024:\u00a0 Asian Markets Rally on Chip Stock Boost and Economic Data"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.42%, Shanghai Composite down 0.47%, Hang Seng down 0.84% ASX up 1.02%<\/li>\n\n\n\n<li>Commodities : Gold at $2028.5 (0.31%), Silver at $22.93 (0.49%), Brent Oil at $79.22 (-0.01%), WTI Oil at $73.97 (-0.05%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.157, UK 10-year yield at 3.397, Germany 10-year yield at 2.305<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Unemployment Clains 3.7% vs 3.4% expected<\/li>\n\n\n\n<li>(USD) Retail Sales m\/m 3.7% vs 3.4% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Taiwan led a surge in major Asia-Pacific markets on Friday, driven by a boost in chip stocks, notably Taiwan Semiconductor Manufacturing Corp, which saw a remarkable 6.63% increase. The Taiwan Weighted Index rose by 2.63%, closing at 17,681.52.<\/p>\n\n\n\n<p>Investors also focused on Japan&#8217;s December inflation data, revealing the country&#8217;s headline inflation rate dropped to 2.6%, its lowest since June 2022. The core inflation rate, excluding fresh food prices, declined to 2.3%, in line with economist expectations. These figures precede the Bank of Japan&#8217;s two-day monetary policy meeting starting on January 22.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 rebounded by 1.4%, closing at 35,963.27, following two consecutive days of losses. South Korea&#8217;s Kospi gained 1.34%, and Australia&#8217;s S&amp;P\/ASX 200 reversed a three-day losing streak, climbing 1.02% to close at 7,421.2.<\/p>\n\n\n\n<p>In the U.S., all three major indexes rebounded, fueled by strong performance in tech stocks. Apple surged 3.3% after a favorable upgrade by Bank of America, marking its best day since May 5, 2023. The Dow Jones Industrial Average rose by 0.54%, the S&amp;P 500 climbed 0.88%, and the Nasdaq Composite posted the most significant gain at 1.35%.<\/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>3:00 PM GMT &#8211; USD Existing Home Sales<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Taiwan led a surge [&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\/67556"}],"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=67556"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions"}],"predecessor-version":[{"id":67557,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67556\/revisions\/67557"}],"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=67556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}