{"id":68043,"date":"2024-02-19T17:12:10","date_gmt":"2024-02-19T06:12:10","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=68043"},"modified":"2025-11-10T22:08:01","modified_gmt":"2025-11-10T11:08:01","slug":"monday-19th-february-2024-asian-markets-rally-on-post-holiday-surge","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-19th-february-2024-asian-markets-rally-on-post-holiday-surge\/","title":{"rendered":"Monday 19th February 2024: Asian Markets Rally on Post-Holiday Surge"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.08%, Shanghai Composite up 0.99%, Hang Seng down 0.94% ASX up 0.09%<\/li>\n\n\n\n<li>Commodities : Gold at $2032.5 (0.42%), Silver at $23.17 (-1.24%), Brent Oil at $82.85 (-0.76%), WTI Oil at $77.87 (-0.78%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.290, UK 10-year yield at 4.144, Germany 10-year yield at 2.394<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core PPI m\/m 0.5% vs&nbsp; 0.1% expected<\/li>\n\n\n\n<li>(USD) PPI m\/m 0.3% vs&nbsp; 0.1% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Chinese stock markets saw a boost as traders returned from the Lunar New Year holidays, with the CSI 300 rising by 0.5%. Consumer spending surpassed pre-Covid levels during the holiday, particularly benefiting tourism stocks, which gained 1.2%. The People&#8217;s Bank of China held a key policy rate steady at 2.5%, while diplomatic talks between China&#8217;s Foreign Minister Wang Yi and U.S. Secretary of State Antony Blinken emphasized the need for the U.S. to lift restrictions on Chinese entities and individuals.<\/p>\n\n\n\n<p>In contrast, Hong Kong&#8217;s Hang Seng index fell by 1%, and the Hang Seng Tech index dropped by 2.7%. Japan&#8217;s Nikkei 225 edged 0.08% lower, while the broader Topix increased by 0.5%. South Korea&#8217;s Kospi recorded a 1.3% gain, and Australia&#8217;s S&amp;P\/ASX 200 closed 0.1% higher at 7,665.10. U.S. markets were closed for the Presidents&#8217; Day holiday.<\/p>\n\n\n\n<p>On Wall Street, major indexes experienced a decline on Friday after a concerning inflation report, raising fears of delayed interest rate cuts from the Federal Reserve. The S&amp;P 500 fell by 0.48%, the Dow Jones Industrial Average slid 0.37%, and the Nasdaq Composite lost 0.82%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD IPPI m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; CAD RMPI m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Chinese stock markets saw [&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\/68043"}],"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=68043"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68043\/revisions"}],"predecessor-version":[{"id":68044,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68043\/revisions\/68044"}],"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=68043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=68043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=68043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}