{"id":71892,"date":"2024-09-10T16:57:25","date_gmt":"2024-09-10T06:57:25","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=71892"},"modified":"2025-11-10T21:29:54","modified_gmt":"2025-11-10T10:29:54","slug":"tuesday-10th-september-2024-asia-pacific-markets-climb-amid-wall-street-rebound-and-strong-china-trade-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-10th-september-2024-asia-pacific-markets-climb-amid-wall-street-rebound-and-strong-china-trade-data\/","title":{"rendered":"Tuesday 10th September 2024: Asia-Pacific Markets Climb Amid Wall Street Rebound and Strong China Trade Data"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.06%, Shanghai Composite up 0.27%, Hang Seng up 0.33% ASX up 0.32%<\/li>\n\n\n\n<li>Commodities : Gold at $2533.35 (0.29%), Silver at $28.7 (0.21%), Brent Oil at $71.50 (-0.49%), WTI Oil at $68.3 (-0.38%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.710, UK 10-year yield at 3.857, Germany 10-year yield at 2.178<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Final Wholesale Inventories m\/m&nbsp; 0.2%&nbsp; vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Consumer Credit m\/m&nbsp; 25.5B&nbsp; vs 12.3B expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets climbed on Tuesday, following gains in the U.S. as the S&amp;P 500 and Nasdaq Composite rebounded from their worst week of the year. The S&amp;P 500 rose by 1.16%, recovering from its worst week since March 2023, while the Nasdaq Composite also increased by 1.16%, bouncing back from its worst week in over two years.<\/p>\n\n\n\n<p>Investors in Asia are focused on trade data from China and India for August. China\u2019s exports grew 8.7% year-on-year, while imports increased by 0.5%, beating forecasts of 6.5% and 2%, respectively. This follows July&#8217;s data, which showed a 7% rise in exports and a stronger-than-expected 7.2% increase in imports.<\/p>\n\n\n\n<p>In Hong Kong, the Hang Seng Index rose 0.3%, and Taiwan\u2019s Weighted Index was flat. Shares of Alibaba surged over 4% after being added to the Stock Connect scheme, which facilitates cross-border trading between China and Hong Kong.<\/p>\n\n\n\n<p>Apple concluded an event in Cupertino, California, where it unveiled the iPhone 16 Pro and iPhone 16 Pro Max. Preorders for these premium models begin on Friday, with a launch date set for September 20.&nbsp;<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 edged up by 0.1%, while the broader Topix gained 0.34%. South Korea\u2019s Kospi Index added 0.04%, although the smaller Kosdaq slipped by 0.4%. Meanwhile, the Dow Jones Industrial Average in the U.S. climbed 1.2%, rebounding from last week&#8217;s significant losses.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>2:00 PM GMT &#8211; USD FOMC Member Barr Speaks<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets climbed on [&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\/71892"}],"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=71892"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/71892\/revisions"}],"predecessor-version":[{"id":71893,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/71892\/revisions\/71893"}],"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=71892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=71892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=71892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}