{"id":70413,"date":"2024-06-19T17:54:31","date_gmt":"2024-06-19T07:54:31","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=70413"},"modified":"2025-11-10T21:46:33","modified_gmt":"2025-11-10T10:46:33","slug":"wednesday-19th-june-2024-asian-markets-surge-with-hong-kong-leading-gains","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-19th-june-2024-asian-markets-surge-with-hong-kong-leading-gains\/","title":{"rendered":"Wednesday 19th June 2024: Asian Markets Surge with Hong Kong Leading Gains\u00a0"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.28%, Shanghai Composite down 0.40%, Hang Seng up 2.85% ASX up 0.11%<\/li>\n\n\n\n<li>Commodities : Gold at $2335.5 (0.27%), Silver at $29.48 (0.04%), Brent Oil at $85.13 (-0.19%), WTI Oil at $80.61 (-0.19%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.21, UK 10-year yield at 4.11, Germany 10-year yield at 2.38<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core Retail Sales m\/m -0.1% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) Retail Sales m\/m 0.1% vs 0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Hong Kong markets surged nearly 3% on Wednesday, leading gains across Asia, driven by energy and basic material stocks. Mainland China\u2019s CSI 300 fell 0.47%, closing at 3,528.75. Regional stock markets rose after U.S. benchmark indexes hit record highs overnight, with Nvidia surpassing Microsoft as the world\u2019s most valuable public company. Nvidia\u2019s shares jumped 3.5% on Wall Street and have soared 174% this year.<\/p>\n\n\n\n<p>Japan&#8217;s May trade data showed exports growing 13.5% year-over-year, beating the expected 13%, while imports grew 9.5%, missing the 10.4% forecast. The Reuters Tankan index indicated a decline in business confidence among large Japanese manufacturers, down to +6 from +9 in May, while non-manufacturer confidence rose to +31 from +26. Japan\u2019s Nikkei 225 climbed 0.23% to close at 38,570.76, and the Topix index rose 0.47% to 2,728.64.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi gained 1.23%, driven by a 1.75% rise in Samsung Electronics, ending at 2,797.94. LG Electronics surged 6.09%, though SK Hynix fell 0.43%. Taiwan\u2019s index rose nearly 2%, closing at 23,209.54, led by Hon Hai Precision Industry and Taiwan Semiconductor Manufacturing Corp, which increased by 2.27% and 4.03%, respectively. China\u2019s Securities Regulatory Commission plans new measures to reform Shanghai\u2019s STAR market, enhancing regulation of high-frequency trading and over-the-counter derivatives.<\/p>\n\n\n\n<p>India\u2019s Nifty 50 was flat after reaching a new high early in the day, while Australia\u2019s S&amp;P\/ASX 200 slipped 0.11% to 7,769.7. In the U.S., the S&amp;P 500 advanced 0.25%, closing at a record 5,487.03. The Nasdaq Composite edged up 0.03% to a new high of 17,862.23, and the Dow Jones Industrial Average added 0.15%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD NAHB Housing Market Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Hong Kong markets surged [&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\/70413"}],"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=70413"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/70413\/revisions"}],"predecessor-version":[{"id":70419,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/70413\/revisions\/70419"}],"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=70413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=70413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=70413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}