{"id":73139,"date":"2024-11-19T17:21:14","date_gmt":"2024-11-19T06:21:14","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73139"},"modified":"2025-11-10T20:54:30","modified_gmt":"2025-11-10T09:54:30","slug":"tuesday-19th-november-2024-asia-pacific-markets-gain-amid-wall-street-rally","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-19th-november-2024-asia-pacific-markets-gain-amid-wall-street-rally\/","title":{"rendered":"Tuesday 19th November 2024: Asia-Pacific Markets Gain Amid Wall Street Rally"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.59%, Shanghai Composite down 0.85%, Hang Seng down 0.17% ASX up 0.87%<\/li>\n\n\n\n<li>Commodities : Gold at $2626.35 (0.4%), Silver at $31.7 (0.48%), Brent Oil at $73.14 (0.26%), WTI Oil at $69.2 (0.09%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.404, UK 10-year yield at 4.464, Germany 10-year yield at 2.371<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Housing Starts&nbsp; 241K vs 239K expected<\/li>\n\n\n\n<li>(CAD) Foreign Securities Purchases 29.3B vs 10.5B expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets mostly rose on Tuesday, following Wall Street\u2019s gains driven by a Tesla rally and investor analysis of Chinese policymakers\u2019 speeches at an investment summit in Hong Kong.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 gained 1.37%, Japan\u2019s Nikkei 225 rose 0.72%, and the Topix advanced 0.78%. South Korea\u2019s Kospi was up 0.29%. In Hong Kong, the Hang Seng Index increased by 0.33%, while mainland China\u2019s CSI 300 dipped 0.42%.&nbsp;<\/p>\n\n\n\n<p>Earlier this month, Australia\u2019s central bank emphasized the need for a &#8220;forward-looking&#8221; approach, ready to adjust interest rates as economic conditions evolve, though no immediate changes were deemed necessary.<\/p>\n\n\n\n<p>In the U.S., the Nasdaq Composite rebounded 0.6% to close at 18,791.81, supported by Tesla\u2019s gains, while the S&amp;P 500 added 0.4% to end at 5,893.62. However, the Dow Jones Industrial Average fell slightly by 55.39 points, or 0.1%, to settle at 43,389.60.&nbsp;<\/p>\n\n\n\n<p>These movements followed a tough week for all three major U.S. indexes, which have retreated from their post-election peaks. The declines were fueled by concerns over interest rate policies after Federal Reserve Chair Jerome Powell indicated that the central bank isn\u2019t in a rush to cut rates. Wall Street now anticipates major earnings reports that could influence market direction.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; USD Housing Starts<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Building Permits<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; CAD CPI m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Median CPI y\/y<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Trimmed CPI y\/y<\/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\/73139"}],"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=73139"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73139\/revisions"}],"predecessor-version":[{"id":73144,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73139\/revisions\/73144"}],"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=73139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}