{"id":69269,"date":"2024-04-22T16:32:46","date_gmt":"2024-04-22T06:32:46","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69269"},"modified":"2025-11-10T21:58:46","modified_gmt":"2025-11-10T10:58:46","slug":"monday-22nd-april-2024-asian-markets-bounce-back-on-fresh-data-from-china-japan-and-south-korea","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-22nd-april-2024-asian-markets-bounce-back-on-fresh-data-from-china-japan-and-south-korea\/","title":{"rendered":"Monday 22nd April 2024: Asian Markets Bounce Back on Fresh Data from China, Japan, and South Korea"},"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 0.51%, Hang Seng up 1.77% ASX up 1.08%<\/li>\n\n\n\n<li>Commodities : Gold at $2375.5 (-1.36%), Silver at $27.57 (3.72%), Brent Oil at $86.93 (-1.18%), WTI Oil at $81.27 (-1.24%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.65, UK 10-year yield at 4.31, Germany 10-year yield at 2.51<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(GBP) Retail sales m\/m 0.0% vs 0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets rebounded from Friday\u2019s sell-off as investors turn their attention to fresh data from China, Japan, and South Korea this week. Last Friday, the region&#8217;s markets experienced a tumble after Israel launched a strike on Iran, resulting in stock declines and a surge in safe-haven assets. On Monday, China maintained its one-year and five-year loan prime rates at 3.45% and 3.95%, respectively. The five-year LPR serves as the benchmark for most property mortgages.<\/p>\n\n\n\n<p>Hong Kong\u2019s Hang Seng index surged by 1.74%, while mainland China\u2019s CSI 300 was trading 0.2% lower after the LPR announcement. Japan\u2019s Nikkei 225 increased by 0.36%, with the broader Topix seeing a larger gain of 0.85%. South Korea\u2019s Kospi also rose by 0.88%, while the small-cap Kosdaq advanced 0.36%.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 opened the week 0.82% higher. On Friday in the U.S., the Nasdaq Composite and S&amp;P 500 fell for a sixth straight session, marking their longest losing streak since October 2022. This downtrend came as Nvidia plummeted, adding to recent market woes tied to geopolitical conflicts and persistent inflation. In contrast, the Dow Jones Industrial Average rose by 0.56%, boosted by a rally of more than 6% in American Express following earnings.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD IPPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD RMPI m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets rebounded from [&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\/69269"}],"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=69269"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69269\/revisions"}],"predecessor-version":[{"id":69272,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69269\/revisions\/69272"}],"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=69269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}