{"id":67613,"date":"2024-01-24T17:50:49","date_gmt":"2024-01-24T06:50:49","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67613"},"modified":"2025-11-10T22:12:29","modified_gmt":"2025-11-10T11:12:29","slug":"wednesday-24th-january-2024-asian-markets-surge-amid-tech-rally-us-sets-new-records","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-24th-january-2024-asian-markets-surge-amid-tech-rally-us-sets-new-records\/","title":{"rendered":"Wednesday 24th January 2024: Asian Markets Surge Amid Tech Rally, US Sets New Records."},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.81%, Shanghai Composite up 1.85%, Hang Seng up 2.22% ASX up 0.06%<\/li>\n\n\n\n<li>Commodities : Gold at $2028.5 (0.12%), Silver at $22.67 (0.64%), Brent Oil at $79.22 (0.14%), WTI Oil at $74.67 (0.15%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.113, UK 10-year yield at 4.032, Germany 10-year yield at 2.339<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) CB Leading Index&nbsp; m\/m -0.1% vs -0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>On Wednesday, Hong Kong&#8217;s Hang Seng index surged 2.22%, driven by a tech stock rally, notably with Alibaba gaining 6.57% after founder Jack Ma&#8217;s reported $50 million investment. In contrast, the mainland Chinese CSI 300 dipped 0.45%. Japan&#8217;s positive economic data, exceeding expectations in December exports, resulted in a $62.1 billion trade surplus, while Australia saw an expansion in manufacturing activity.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 marginally rose to 7,519.2, marking four consecutive days of gains. Japan&#8217;s Nikkei 225 slid 0.26%, and the Topix experienced a smaller loss of 0.15%. South Korea&#8217;s Kospi fell 0.43%, with major stocks like Samsung Electronics and SK Hynix seeing significant losses. The small-cap Kosdaq also dropped by 1.35%.<\/p>\n\n\n\n<p>In the U.S. overnight, the S&amp;P 500 set a new all-time high of 4,864.60 with a 0.29% gain, driven by positive corporate earnings assessments. The Nasdaq Composite advanced by 0.43%, while the Dow Jones Industrial Average snapped a three-day winning streak, falling 0.25% below the 38,000 level reached on Monday.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:45 PM GMT &#8211; CAD Overnight Rate<\/li>\n\n\n\n<li>2:45 PM GMT &#8211; USD Flash Manufacturing PMI<\/li>\n\n\n\n<li>2:45 PM GMT &#8211; USD Flash Services PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: On Wednesday, Hong Kong&#8217;s [&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\/67613"}],"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=67613"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67613\/revisions"}],"predecessor-version":[{"id":67614,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67613\/revisions\/67614"}],"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=67613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}