{"id":67924,"date":"2024-02-12T18:08:40","date_gmt":"2024-02-12T07:08:40","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67924"},"modified":"2025-11-10T22:10:36","modified_gmt":"2025-11-10T11:10:36","slug":"monday-12th-february-2024-asian-markets-open-mixed-as-wall-street-hits-historic-highs","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-12th-february-2024-asian-markets-open-mixed-as-wall-street-hits-historic-highs\/","title":{"rendered":"Monday 12th February 2024: Asian Markets Open Mixed as Wall Street Hits Historic Highs"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.09%, Shanghai Composite up 1.28%, Hang Seng down 0.83% ASX down 0.40%<\/li>\n\n\n\n<li>Commodities : Gold at $2039.5 (-0.02%), Silver at $22.87 (1.34%), Brent Oil at $81.65 (-0.36%), WTI Oil at $76.57 (-0.37%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.179, UK 10-year yield at 4.101, Germany 10-year yield at 2.373<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Employment Change 37.3K vs&nbsp; 16K expected<\/li>\n\n\n\n<li>(CAD) Unemployment Change&nbsp; 5.7% vs 5.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia&#8217;s markets had a mixed start to the holiday-shortened week, with China closed for the entire week. Several key Asia-Pacific markets, including Hong Kong, Taiwan, and South Korea, remained closed on Monday. India&#8217;s Nifty 50 index edged down by 0.3%, while Paytm, the financial technology firm listed as One 97 Communications, saw a 1.6% increase.&nbsp;<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 closed 0.4% lower at 7,614.90. The New Zealand dollar dipped by 0.28% to $0.6128, pulling back from its 1.4% gain the previous week. Reserve Bank of New Zealand Governor Adrian Orr addressed a parliamentary committee, highlighting the country&#8217;s 4.7% inflation rate and the central bank&#8217;s aim to bring it down to around 2%.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 ended slightly higher at 36,897.42, up 0.1%, while the Topix dipped 0.2% to 2,557.88. Notably, the Nikkei breached the 37,000-point mark on an intra-day basis, reaching 34-year highs last Friday.<\/p>\n\n\n\n<p>&nbsp;On Wall Street, Friday saw positive momentum following a lower-than-expected revised inflation reading for December. The S&amp;P 500 closed above the historic 5,000 level for the first time, rising 0.57% to 5,026.61. The Nasdaq Composite performed strongly, rallying 1.25% to close at 15,990.66, while the Dow Jones Industrial Average slipped marginally by 0.14% to settle at 38,671.69.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>7:00 PM GMT &#8211; USD Federal Budget Balance<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia&#8217;s markets had a [&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\/67924"}],"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=67924"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67924\/revisions"}],"predecessor-version":[{"id":67925,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67924\/revisions\/67925"}],"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=67924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}