{"id":68760,"date":"2024-03-26T17:31:59","date_gmt":"2024-03-26T06:31:59","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=68760"},"modified":"2025-11-10T22:03:15","modified_gmt":"2025-11-10T11:03:15","slug":"tuesday-26th-march-2024-asian-markets-navigate-mixed-trends-amid-u-s-market-pause","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-26th-march-2024-asian-markets-navigate-mixed-trends-amid-u-s-market-pause\/","title":{"rendered":"Tuesday 26th March 2024: Asian Markets Navigate Mixed Trends Amid U.S. Market Pause"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.12%, Shanghai Composite down 0.15%, Hang Seng up 0.92% ASX down 0.41%<\/li>\n\n\n\n<li>Commodities : Gold at $2172.5 (-0.46%), Silver at $24.47 (-0.13%), Brent Oil at $86.03 (-0.02%), WTI Oil at $81.85 (-0.04%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.24, UK 10-year yield at 4.029, Germany 10-year yield at 2.372<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) New Home Sales m\/m 662K vs 675K expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets showed a mixed trend on Tuesday as the U.S. market paused after a rally fueled by optimism over the Federal Reserve\u2019s stance on interest rates. Sam Stovall from CFRA Research pointed out that equities have become expensive, with the S&amp;P trading at a 33% premium to its average price-to-earnings ratio over 20 years. He expressed concerns about the market&#8217;s vulnerability to a decline.<\/p>\n\n\n\n<p>Investors in Asia analyzed economic data, including Japan&#8217;s service producer price index for February, which stood at 2.1%. Singapore&#8217;s manufacturing output rose by 14.2% in February after a 6.7% decline in January, contributing to a 0.9% increase in the Straits Times index. Japan&#8217;s Nikkei 225 traded 0.12% lower, while South Korea&#8217;s Kospi surged by 0.79%, reaching its highest level since February 2022. Australia&#8217;s S&amp;P\/ASX 200 fell by 0.41% after nearing its all-time high on Monday.<\/p>\n\n\n\n<p>Hong Kong\u2019s Hang Seng index rose by 0.92%, led by energy and industrial stocks, while the mainland Chinese CSI 300 increased by 0.02%. In the U.S., all three major indexes declined, with the Dow Jones Industrial Average down by 0.41%, the S&amp;P 500 dipping by 0.31%, and the Nasdaq Composite falling by 0.27%. The market&#8217;s reaction reflected cautious sentiments following the recent Fed meeting and concerns about valuation levels in equities.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Core Durable Goods Orders m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Durable Goods Orders m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets showed 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\/68760"}],"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=68760"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68760\/revisions"}],"predecessor-version":[{"id":68763,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68760\/revisions\/68763"}],"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=68760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=68760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=68760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}