{"id":67978,"date":"2024-02-14T17:46:35","date_gmt":"2024-02-14T06:46:35","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67978"},"modified":"2025-11-10T22:10:17","modified_gmt":"2025-11-10T11:10:17","slug":"wednesday-14th-february-2024-asian-markets-falter-amid-u-s-inflation-concerns-and-wall-street-tumble","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-14th-february-2024-asian-markets-falter-amid-u-s-inflation-concerns-and-wall-street-tumble\/","title":{"rendered":"Wednesday 14th February 2024: Asian Markets Falter Amid U.S. Inflation Concerns and Wall Street Tumble"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite up 1.28%, Hang Seng up 0.90% ASX down 0.75%<\/li>\n\n\n\n<li>Commodities : Gold at $2003.5 (-0.12%), Silver at $22.07 (-0.4%), Brent Oil at $82.15 (-0.16%), WTI Oil at $77.78 (-0.17%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.301, UK 10-year yield at 4.198, Germany 10-year yield at 2.401<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core CPI m\/m 0.4% vs&nbsp; 0.3% expected<\/li>\n\n\n\n<li>(USD) CPI m\/m 0.3% vs&nbsp; 0.2% expected<\/li>\n\n\n\n<li>(USD) CPI y\/y 3.1% vs&nbsp; 2.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>On Wednesday, most Asia-Pacific markets declined, except for Hong Kong, following a drop in Wall Street triggered by higher-than-expected U.S. inflation data. The U.S. consumer price index rose 3.1% annually and 0.3% for the month, surpassing economists&#8217; expectations. Core prices, excluding volatile items, increased by 0.4% monthly and 3.9% annually, exceeding projections. Hong Kong&#8217;s Hang Seng index bucked the trend, gaining 0.36%, while mainland Chinese markets remained closed for the week after the Lunar New Year.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 retreated by 0.67% from recent 34-year highs, with the Topix experiencing a larger loss of 1.04%. Despite briefly surpassing 38,000 on Tuesday, the Nikkei last reached that level in 1990. Japan&#8217;s top currency diplomat expressed concern about rapid movements in the foreign exchange market. South Korea&#8217;s Kospi dropped by 1.11%, led by a nearly 2% loss in Samsung Electronics, while the smaller-cap Kosdaq gained 0.76%. In Australia, the S&amp;P\/ASX 200 slid by 0.87%, marking its third consecutive day of losses.<\/p>\n\n\n\n<p>Overnight in the U.S., all three major indexes lost ground, with the Dow Jones falling 1.35%, the S&amp;P 500 sliding 1.37%, and the Nasdaq Composite dropping 1.8%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:30 PM GMT &#8211; GBP CB Leading Index m\/m<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; GBP BOE Gov Bailey Speaks<\/li>\n\n\n\n<li>3:30 PM GMT &#8211; USD Crude Oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: On Wednesday, most Asia-Pacific [&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\/67978"}],"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=67978"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67978\/revisions"}],"predecessor-version":[{"id":67979,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67978\/revisions\/67979"}],"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=67978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}