{"id":73120,"date":"2024-11-18T17:33:36","date_gmt":"2024-11-18T06:33:36","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73120"},"modified":"2025-11-10T20:54:39","modified_gmt":"2025-11-10T09:54:39","slug":"monday-18th-november-2024-asia-pacific-stocks-climb-amid-quiet-economic-week","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-18th-november-2024-asia-pacific-stocks-climb-amid-quiet-economic-week\/","title":{"rendered":"Monday 18th November 2024: Asia-Pacific Stocks Climb Amid Quiet Economic Week"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.99%, Shanghai Composite up 0.25%, Hang Seng up 0.73% ASX up 0.17%<\/li>\n\n\n\n<li>Commodities : Gold at $2591.35 (0.84%), Silver at $30.7 (0.8%), Brent Oil at $71.14 (0.26%), WTI Oil at $67.2 (0.09%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.434, UK 10-year yield at 4.470, Germany 10-year yield at 2.348<\/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&nbsp; 0.1% vs 0.3% expected<\/li>\n\n\n\n<li>(USD) Retail Sales m\/m 0.4% vs 0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific stocks mostly gained on Monday as markets entered what ING described as a \u201cquiet\u201d week for regional economic data. Key upcoming releases include China\u2019s loan prime rate (LPR) on Wednesday, with no changes expected. The one-year LPR is at 3.1%, and the five-year rate is 3.6%. Japan will unveil trade data on Tuesday and headline inflation figures for October on Friday, while Australia\u2019s central bank will release meeting minutes the same day.<\/p>\n\n\n\n<p>Japan\u2019s markets were the exception, as the Nikkei 225 fell 0.8%, and the Topix declined 0.47%. Meanwhile, South Korea\u2019s Kospi surged 2.09%, driven by gains in Samsung Electronics, and the Kosdaq rebounded 0.93%. Australia\u2019s S&amp;P\/ASX 200 edged slightly higher, while Hong Kong\u2019s Hang Seng Index rose 1.38%, and China\u2019s CSI 300 added 0.78%.<\/p>\n\n\n\n<p>In contrast, U.S. markets closed lower on Friday, with all three major Wall Street indexes declining. Concerns over interest rates and a selloff in pharmaceutical stocks weighed on performance. The Dow Jones Industrial Average dropped 0.70%, the S&amp;P 500 slid 1.32%, and the tech-focused Nasdaq Composite fell 2.24%. Pharmaceutical losses, including a 4.2% drop in Amgen and a 7.3% slide in Moderna, pressured the Dow and S&amp;P 500.<\/p>\n\n\n\n<p>These declines followed President-elect Donald Trump\u2019s announcement to nominate vaccine-skeptic Robert F. Kennedy Jr. to head the U.S. Department of Health and Human Services, raising concerns within the healthcare sector.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:15 PM GMT &#8211; USD Housing Starts<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Foreign Securities Purchases<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific stocks mostly gained [&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\/73120"}],"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=73120"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73120\/revisions"}],"predecessor-version":[{"id":73123,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73120\/revisions\/73123"}],"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=73120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}