{"id":67996,"date":"2024-02-15T16:42:56","date_gmt":"2024-02-15T05:42:56","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=67996"},"modified":"2025-11-10T22:08:20","modified_gmt":"2025-11-10T11:08:20","slug":"thursday-15th-february-2024-asian-markets-rebound-despite-japans-recession-concerns","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-15th-february-2024-asian-markets-rebound-despite-japans-recession-concerns\/","title":{"rendered":"Thursday 15th February 2024: Asian Markets Rebound Despite Japan&#8217;s Recession Concerns"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.10%, Shanghai Composite up 1.28%, Hang Seng up 0.20% ASX up 0.77%<\/li>\n\n\n\n<li>Commodities : Gold at $2003.5 (-0.02%), Silver at $22.47 (0.42%), Brent Oil at $81.15 (-0.36%), WTI Oil at $76.38 (-0.31%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.234, UK 10-year yield at 4.067, Germany 10-year yield at 2.335<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Crude Oil Inventories 12.0M vs&nbsp; 3.3M expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets rebounded on Thursday, overcoming previous losses, as Japan entered a technical recession with its GDP contracting for a second consecutive quarter. Japan&#8217;s fourth-quarter GDP fell 0.4% on an annualized basis, sharply missing the expected 1.4% growth and marking a technical recession. On a quarter-on-quarter basis, it slipped 0.1%, leading to Japan losing its spot as the world&#8217;s third-largest economy to Germany.<\/p>\n\n\n\n<p>Singapore reported a 2.2% year-on-year growth in its fourth-quarter GDP, slightly below the expected 2.5%. The city-state also revised its third-quarter GDP growth rate from 2.8% to a lower figure of 1%. Despite Japan&#8217;s disappointing GDP figures, the Nikkei 225 surged 1.1%, briefly surpassing 38,000, and Australia&#8217;s S&amp;P\/ASX 200 started the day up 0.77%, breaking a three-day losing streak.<\/p>\n\n\n\n<p>South Korea&#8217;s Kospi rose by 0.18%, and the small-cap Kosdaq was 0.36% higher. Hong Kong&#8217;s Hang Seng index opened 0.28% higher, extending gains from the previous day, while mainland Chinese markets remained closed for the week.&nbsp;<\/p>\n\n\n\n<p>In the U.S., all three major indexes rebounded after Wednesday&#8217;s sell-off triggered by a higher-than-expected inflation reading, raising concerns that the Federal Reserve might delay interest rate cuts. The S&amp;P 500 advanced 0.96%, the Nasdaq Composite climbed 1.3%, and the Dow Jones Industrial Average added 0.4%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; USD Core Retail Sales m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Empire State Manufacturing Index<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Retail Sales m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets rebounded on [&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\/67996"}],"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=67996"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67996\/revisions"}],"predecessor-version":[{"id":67999,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/67996\/revisions\/67999"}],"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=67996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=67996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=67996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}