{"id":68138,"date":"2024-02-22T17:31:15","date_gmt":"2024-02-22T06:31:15","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=68138"},"modified":"2025-11-10T22:07:31","modified_gmt":"2025-11-10T11:07:31","slug":"thursday-22nd-february-2024-nikkei-hits-record-high-asia-pacific-trends-positive","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-22nd-february-2024-nikkei-hits-record-high-asia-pacific-trends-positive\/","title":{"rendered":"Thursday 22nd February 2024: Nikkei Hits Record High, Asia-Pacific Trends Positive"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 2.13%, Shanghai Composite up 0.93%, Hang Seng up 0.75% ASX up 0.04%<\/li>\n\n\n\n<li>Commodities : Gold at $2039.5 (0.04%), Silver at $22.97 (0.52%), Brent Oil at $83.35 (0.36%), WTI Oil at $78.27 (0.36%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.302, UK 10-year yield at 4.138, Germany 10-year yield at 2.449<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) NHPI m\/m -0.1% vs 0.1% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Japan&#8217;s Nikkei 225 reached a record high of 39,029, defying disappointing business activity data in the country. Investors overlooked the contraction revealed in Japan&#8217;s Jibun Bank flash purchasing managers&#8217; index for February. The index surpassed the previous 1989 record of 38,915.87, with the Nikkei 225 registering a 1.65% increase.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 remained near the flatline, following the Judo Bank composite purchasing managers&#8217; index for February, indicating a return to growth at 51.8. The Kospi in South Korea showed a 0.44% uptick, and the Bank of Korea was expected to maintain rates at 3.50%.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index opened 0.15% higher, and China&#8217;s CSI 300 added 0.28%. In the U.S., the Dow Jones Industrial Average increased by 48.44 points (0.13%), closing at 38,612.24, while the S&amp;P 500 gained 0.13%, concluding at 4,981.80. Conversely, the Nasdaq Composite saw a 0.32% decline, settling at 15,580.87.<\/p>\n\n\n\n<p>Minutes from the Federal Reserve&#8217;s January meeting, released on Wednesday, suggested that central bankers are not in a hurry to implement interest rate cuts, despite stronger-than-expected economic data the previous week.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>1:30 PM GMT &#8211; CAD Core Retail Sales m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; CAD Retail Sales m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Unemployment Claims<\/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: Japan&#8217;s Nikkei 225 reached [&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\/68138"}],"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=68138"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68138\/revisions"}],"predecessor-version":[{"id":68141,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68138\/revisions\/68141"}],"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=68138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=68138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=68138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}