{"id":69951,"date":"2024-05-24T14:20:15","date_gmt":"2024-05-24T04:20:15","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=69951"},"modified":"2025-11-10T21:52:44","modified_gmt":"2025-11-10T10:52:44","slug":"monday-27th-may-2024-asian-markets-rise-on-chinas-industrial-profit-growth","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-27th-may-2024-asian-markets-rise-on-chinas-industrial-profit-growth\/","title":{"rendered":"Monday 27th May 2024: Asian markets rise on China&#8217;s industrial profit growth"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.74%, Shanghai Composite up 0.99%, Hang Seng up 1.38% ASX up 0.79%<\/li>\n\n\n\n<li>Commodities : Gold at $2344.5 (0.43%), Silver at $31.08 (1.71%), Brent Oil at $82.17 (0.38%), WTI Oil at $78.02 (0.38%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.468, UK 10-year yield at 4.29, Germany 10-year yield at 2.57<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Core Retail Sales m\/m -0.6% vs 0.3% expected<\/li>\n\n\n\n<li>(CAD) Retail Sales m\/m -0.2% vs -0.1% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets saw gains on Monday as China reported a 4.3% year-on-year increase in industrial profits for the January to April period. Mainland China&#8217;s CSI 300 index rose by 0.21%, while Hong Kong&#8217;s Hang Seng index climbed 1.4%. Economic data from China and India expected later in the week, including China&#8217;s official purchasing managers\u2019 index reading and India&#8217;s fiscal fourth-quarter GDP figures. Australia will announce April inflation data with analysts anticipating a modest decrease.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 index rose by 0.72% and the broader Topix index increased by 0.3% after Friday\u2019s losses. South Korea&#8217;s Kospi index was up approximately 0.5%, while Australia&#8217;s S&amp;P\/ASX 200 index gained 0.8%, potentially breaking a four-day losing streak.&nbsp;<\/p>\n\n\n\n<p>In the U.S. on Friday, the Nasdaq Composite closed at a record high driven by gains in chipmaker Nvidia, despite concerns over Federal Reserve interest rate cut delays. The tech-heavy Nasdaq surged 1.1%, with the S&amp;P 500 rising by 0.7% and the Dow Jones Industrial Average edging up by 0.01%.<\/p>\n\n\n\n<p>U.S. markets were closed on Monday due to a holiday.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>11:50 PM GMT &#8211; JPY SPPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets saw gains [&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\/69951"}],"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=69951"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69951\/revisions"}],"predecessor-version":[{"id":69979,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/69951\/revisions\/69979"}],"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=69951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=69951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=69951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}