{"id":69218,"date":"2024-04-18T14:33:01","date_gmt":"2024-04-18T04:33:01","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69218"},"modified":"2025-11-10T21:58:55","modified_gmt":"2025-11-10T10:58:55","slug":"friday-19th-april-2024-asian-markets-tumble-amid-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-19th-april-2024-asian-markets-tumble-amid-middle-east-tensions\/","title":{"rendered":"Friday 19th April 2024: Asian markets tumble amid Middle East tensions"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 2.14%, Shanghai Composite down 0.29%, Hang Seng down 1.05% ASX down 1.14%<\/li>\n\n\n\n<li>Commodities : Gold at $2405.5 (0.36%), Silver at $28.57 (0.62%), Brent Oil at $87.93 (0.98%), WTI Oil at $83.67 (1.14%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.58, UK 10-year yield at 4.27, Germany 10-year yield at 2.458<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Natural Gas Storage 50B vs 54B expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Market losses rippled across Asia on Friday, spearheaded by Taiwan\u2019s Weighted Index plunging 3.81% to its lowest in over a month at 19,527.12. This decline was fueled by escalating tensions in the Middle East, prompting sell-offs in major regional markets.<\/p>\n\n\n\n<p>Reports of Israel&#8217;s limited strike in Iran intensified the downturn, triggering a sell-off in stocks and risk assets, while safe-haven assets like gold surged. The Japanese yen strengthened, contrasting sharply with bitcoin&#8217;s significant drop.<\/p>\n\n\n\n<p>Oil prices surged over 3%, with Brent crude futures briefly topping $90 a barrel before settling just above $89. Meanwhile, U.S. stock futures dipped over 1% before a slight recovery.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 fell 2.14%, closing at 37,068.35, while the broader Topix index declined 1.91% to 2,626.32, marking a weekly drop of 3.65%. Japan&#8217;s March inflation data showed a headline rate of 2.7%, with the core inflation rate remaining at 2.6%.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi index closed 1.63% lower at 2,591.86, with the Kosdaq falling 1.61% to 841.91. Australia&#8217;s S&amp;P\/ASX 200 index lost 1.14%, marking its sixth decline in seven days. Hong Kong&#8217;s Hang Seng index dropped 1.05%, while the mainland Chinese CSI 300 slipped 0.77%. On Wall Street, the S&amp;P 500 recorded its fifth consecutive day of losses, while the Nasdaq Composite fell 0.52%, and the Dow Jones Industrial Average added a marginal 0.06%, closing just above its 2024 flatline.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:15 PM GMT &#8211; GBP MPC Member Breeden Speaks<\/li>\n\n\n\n<li>2:15 PM GMT &#8211; GBP MPC Member Ramsden Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Market losses rippled across [&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\/69218"}],"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=69218"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69218\/revisions"}],"predecessor-version":[{"id":69245,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69218\/revisions\/69245"}],"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=69218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}