{"id":69318,"date":"2024-04-24T18:35:15","date_gmt":"2024-04-24T08:35:15","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69318"},"modified":"2025-11-10T21:57:37","modified_gmt":"2025-11-10T10:57:37","slug":"wednesday-24th-april-2024-asian-markets-surge-as-nikkei-225-leads-gains-australian-inflation-rises","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-24th-april-2024-asian-markets-surge-as-nikkei-225-leads-gains-australian-inflation-rises\/","title":{"rendered":"Wednesday 24th April 2024: Asian Markets Surge as Nikkei 225 Leads Gains, Australian Inflation Rises."},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 2.26%, Shanghai Composite up 0.76%, Hang Seng up 2.21% ASX down 0.01%<\/li>\n\n\n\n<li>Commodities : Gold at $2331.5 (-0.45%), Silver at $27.27 (-0.36%), Brent Oil at $88.43 (-0.18%), WTI Oil at $83.11 (-0.14%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.62, UK 10-year yield at 4.32, Germany 10-year yield at 2.52<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Flash Manufacturing PMI 49.9 vs 52.0 expected<\/li>\n\n\n\n<li>(USD) Flash Services PMI 50.9 vs 52.0 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>The Nikkei 225 in Japan led gains in Asia, rising 2.26% to 38,460.08, while the Topix was up 1.67% at 2,710.73. Australia\u2019s first-quarter inflation figures showed the consumer price index rose 3.6% year-over-year, slightly above a Reuters poll expectation of a 3.5% rise. However, this marked its fifth straight quarter of slowing inflation. The S&amp;P\/ASX 200 ended just below the flatline at 7,683 after the CPI reading.&nbsp;<\/p>\n\n\n\n<p>South Korea\u2019s Kospi climbed 2.01%, closing at 2,675.75, powered by a 4.11% gain in heavyweight Samsung Electronics, while the small-cap Kosdaq was 1.99% higher at 862.23. Hong Kong\u2019s Hang Seng index rose 2.08%, while the Hang Seng Tech index gained 3.5%. Shares of Sensetime soared 31.2% before trading was halted at 11:15 a.m. China\u2019s CSI 300 closed 0.44% higher at 3,521.62.&nbsp;<\/p>\n\n\n\n<p>In the U.S., all three major indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates. The Dow Jones Industrial Average climbed 0.69%, marking a four-day winning streak. The S&amp;P 500 gained 1.2%, while the Nasdaq Composite saw the largest gain of 1.59%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; CAD Core Retail Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Retail Sales m\/m<\/li>\n\n\n\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: The Nikkei 225 in [&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\/69318"}],"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=69318"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69318\/revisions"}],"predecessor-version":[{"id":69329,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69318\/revisions\/69329"}],"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=69318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}