{"id":71493,"date":"2024-08-15T16:35:44","date_gmt":"2024-08-15T06:35:44","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=71493"},"modified":"2025-11-10T21:34:29","modified_gmt":"2025-11-10T10:34:29","slug":"thursday-15th-august-2024-asia-pacific-markets-lifted-by-japan-gdp","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-15th-august-2024-asia-pacific-markets-lifted-by-japan-gdp\/","title":{"rendered":"Thursday 15th August 2024: Asia-Pacific Markets Lifted by Japan GDP"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.75%, Shanghai Composite up 0.65%, Hang Seng down 0.33% ASX up 0.19%<\/li>\n\n\n\n<li>Commodities : Gold at $2494.35 (0.6%), Silver at $28.03 (2.4%), Brent Oil at $79.97 (0.26%), WTI Oil at $77.9 (0.34%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.836, UK 10-year yield at 3.8291, Germany 10-year yield at 2.182<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Core CPI m\/m&nbsp; 0.2% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) CPI m\/m&nbsp; 0.1% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) CPI y\/y&nbsp; 2.9% vs 3.0% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets mostly rose on Thursday, driven by Japan&#8217;s stronger-than-expected GDP growth and mixed data from China. Japan&#8217;s second-quarter GDP increased by 0.8% quarter-on-quarter, surpassing forecasts of a 0.5% rise. This marked a recovery from the 0.6% decline in the first quarter. However, on a year-on-year basis, Japan&#8217;s GDP fell by 0.8%, continuing a downward trend from the previous quarter&#8217;s 0.9% contraction. The Nikkei 225 gained 0.75%, while the Topix index rose 0.74%.<\/p>\n\n\n\n<p>China&#8217;s retail sales for July grew by 2.7% year-on-year, slightly above the 2.6% forecast, while industrial output increased by 5.1%, just below expectations. The urban unemployment rate edged up to 5.2% from 5% in June. In Australia, the S&amp;P\/ASX 200 index rose 0.19% as the unemployment rate increased by 0.1 percentage point to 4.2%, and the participation rate exceeded expectations at 67.1%.<\/p>\n\n\n\n<p>Meanwhile, Hong Kong&#8217;s Hang Seng index fell by 0.33%, while mainland China&#8217;s CSI 300 gained 0.79%. Markets in South Korea and India were closed for a public holiday.<\/p>\n\n\n\n<p>On Wall Street, stocks rose after U.S. inflation data aligned with expectations. U.S. consumer prices increased by 2.9% year-on-year, the lowest since March 2021, and matched economists&#8217; forecasts. The Dow Jones Industrial Average climbed 0.61%, the S&amp;P 500 gained 0.38%, marking its fifth consecutive day of gains, and the Nasdaq Composite reversed losses to close 0.03% higher.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Core Retail Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Retail Sales m\/m<\/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 rose [&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\/71493"}],"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=71493"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/71493\/revisions"}],"predecessor-version":[{"id":71494,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/71493\/revisions\/71494"}],"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=71493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=71493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=71493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}