{"id":70423,"date":"2024-06-20T16:50:28","date_gmt":"2024-06-20T06:50:28","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=70423"},"modified":"2025-11-10T21:46:22","modified_gmt":"2025-11-10T10:46:22","slug":"thursday-20th-june-2024-asian-markets-mostly-decline-as-china-holds-steady-on-loan-prime-rates","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-20th-june-2024-asian-markets-mostly-decline-as-china-holds-steady-on-loan-prime-rates\/","title":{"rendered":"Thursday 20th June 2024: Asian Markets Mostly Decline as China Holds Steady on Loan Prime Rates"},"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 0.30%, Hang Seng down 0.5% ASX down 0.00%<\/li>\n\n\n\n<li>Commodities : Gold at $2357.5 (0.67%), Silver at $30.48 (1.34%), 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 4.24, UK 10-year yield at 4.102, Germany 10-year yield at 2.408<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) NAHB Housing Market Index 43 vs 45 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets mostly declined on Thursday as China kept its one- and five-year loan prime rates unchanged at 3.45% and 3.95% respectively. Earlier this week, the People\u2019s Bank of China also maintained the 1-year medium-term lending facility rate at 2.5%. Following the announcement, Mainland China\u2019s CSI 300 fell 0.49%, and Hong Kong\u2019s Hang Seng index dropped 0.48%. Major decliners in Hong Kong included Haidilao, which plunged 6.13%, Shenzhou International Group, down 4.31%, and Budweiser Brewing Company APAC, down 3.73%.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi rose 0.42%, though the small-cap Kosdaq slipped 0.41%. Shares of HMM, the country\u2019s largest container ship company, increased by over 3%. Taiwan\u2019s Weighted Index reached new highs for the third consecutive day, gaining 0.43%.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 dipped 0.15%, while shares of Mexican-themed fast food chain Guzman y Gomez surged up to 3.91% following its market debut on the Australian Stock Exchange on Thursday. Data from New Zealand showed the economy exited a technical recession, growing 0.2% quarter-on-quarter in the first three months of the year, surpassing Reuters poll expectations of a 0.1% expansion. Year-on-year, the economy grew 0.2%.<\/p>\n\n\n\n<p>In the U.S., futures for the S&amp;P 500 rose 0.29%, Nasdaq 100 futures advanced 0.64%, and Dow Jones Industrial Average futures pulled back by 17 points, or 0.04%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>11:00 AM GMT &#8211; GBP Official Bank Rate<\/li>\n\n\n\n<li>11:00 AM GMT &#8211; GBP Monetary Policy Summary<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets mostly declined [&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\/70423"}],"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=70423"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/70423\/revisions"}],"predecessor-version":[{"id":70455,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/70423\/revisions\/70455"}],"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=70423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=70423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=70423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}