{"id":68337,"date":"2024-03-05T20:18:48","date_gmt":"2024-03-05T09:18:48","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=68337"},"modified":"2025-11-10T22:06:16","modified_gmt":"2025-11-10T11:06:16","slug":"tuesday-5th-march-2024-asian-markets-navigate-mixed-trends","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-5th-march-2024-asian-markets-navigate-mixed-trends\/","title":{"rendered":"Tuesday 5th March 2024 : Asian Markets Navigate Mixed Trends"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.07%, Shanghai Composite up 0.22%, Hang Seng down 2.66% ASX down 0.15%<\/li>\n\n\n\n<li>Commodities : Gold at $2123.5 (-0.14%), Silver at $24.07 (0.09%), Brent Oil at $82.45 (-0.46%), WTI Oil at $78.37 (-0.56%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.213, UK 10-year yield at 4.167, 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>(CHF) CPI m\/m 0.6% vs 0.5% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets displayed a mixed trend after China&#8217;s &#8220;Two Sessions&#8221; meeting, projecting a 5% economic growth target for 2024 and a 7.2% increase in defense spending. Hong Kong&#8217;s Hang Seng index led losses, dropping 2.2%, while China&#8217;s CSI 300 index rose 0.5%. South Korea&#8217;s GDP grew 0.6% in Q4 2023, and Japan&#8217;s Nikkei 225 reached new all-time highs above 40,000. Australia&#8217;s S&amp;P\/ASX 200 closed 0.15% lower at 7,724.20.<\/p>\n\n\n\n<p>On the commodities front, gold futures set a record high at $2,126.30 on speculation of potential Federal Reserve interest rate cuts later in the year. In the U.S., all three major indexes retreated, with the S&amp;P 500 down 0.12%, the Nasdaq Composite slipping 0.41%, and the Dow Jones Industrial Average losing 0.25%. Despite the overall decline, technology stocks related to artificial intelligence experienced a rally.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:30 PM GMT &#8211; CAD Manufacturing PMI<\/li>\n\n\n\n<li>2:45 PM GMT &#8211; USD Final manufacturing PMI<\/li>\n\n\n\n<li>3:00 PM GMT &#8211; USD ISM Manufacturing PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets displayed 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\/68337"}],"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=68337"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68337\/revisions"}],"predecessor-version":[{"id":68338,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68337\/revisions\/68338"}],"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=68337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=68337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=68337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}