{"id":73051,"date":"2024-11-13T16:54:27","date_gmt":"2024-11-13T05:54:27","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73051"},"modified":"2025-11-10T20:54:59","modified_gmt":"2025-11-10T09:54:59","slug":"wednesday-13th-november-2024-asia-pacific-stocks-fall-amid-u-s-market-pullback-and-rising-japanese-inflation","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-13th-november-2024-asia-pacific-stocks-fall-amid-u-s-market-pullback-and-rising-japanese-inflation\/","title":{"rendered":"Wednesday 13th November 2024: Asia-Pacific Stocks Fall Amid U.S. Market Pullback and Rising Japanese Inflation"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.71%, Shanghai Composite down 0.14%, Hang Seng down 0.9% ASX down 0.75%<\/li>\n\n\n\n<li>Commodities : Gold at $2612.35 (0.24%), Silver at $30.7 (0.78%), Brent Oil at $72.34 (-0.16%), WTI Oil at $68.2 (0.19%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.439, UK 10-year yield at 4.499, Germany 10-year yield at 2.3525<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Building Permits&nbsp; 11.5% vs 2.9% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific stock markets traded lower Wednesday, following a decline on Wall Street as the U.S. postelection rally stalled. Investors in the region reacted to Japan\u2019s corporate goods data, which revealed that producer price growth\u2014or wholesale inflation\u2014reached 3.4% year-over-year in October. This was the highest rate since July of last year, exceeding economists&#8217; forecast of 3% and September&#8217;s 2.8% rise, as reported by Reuters.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 and Topix indexes both declined by 0.9%. South Korea\u2019s Kospi dropped 1.8%, while the Kosdaq Index fell by 2.4%. Australia\u2019s S&amp;P\/ASX 200 dipped 0.7%, and Hong Kong\u2019s Hang Seng Index was down 0.9%. Meanwhile, China\u2019s CSI 300 saw a 0.25% decrease.<\/p>\n\n\n\n<p>Overnight in the U.S., major indices fell, with both the Nasdaq and S&amp;P 500 snapping five-day win streaks. The Dow Jones Industrial Average declined by 382.15 points, or 0.86%, closing at 43,910.98. The S&amp;P 500 dropped 0.29% to end at 5,983.99, while the Nasdaq Composite edged down slightly to close at 19,281.40. Small-cap stocks, which some view as potential beneficiaries of Donald Trump\u2019s possible return to the U.S. presidency, faced pressure, with the Russell 2000 Index sliding by about 1.8%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; USD Core CPI m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD CPI m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD CPI y\/y<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific stock markets traded [&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\/73051"}],"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=73051"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73051\/revisions"}],"predecessor-version":[{"id":73056,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73051\/revisions\/73056"}],"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=73051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}