{"id":73159,"date":"2024-11-20T18:13:48","date_gmt":"2024-11-20T07:13:48","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73159"},"modified":"2025-11-10T20:53:25","modified_gmt":"2025-11-10T09:53:25","slug":"wednesday-20th-november-2024-asia-pacific-markets-decline-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-20th-november-2024-asia-pacific-markets-decline-amid-geopolitical-tensions\/","title":{"rendered":"Wednesday 20th November 2024: Asia-Pacific Markets Decline Amid Geopolitical Tensions"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.09%, Shanghai Composite up 0.65%, Hang Seng up 0.17% ASX down 0.57%<\/li>\n\n\n\n<li>Commodities : Gold at $2631.35 (0.04%), Silver at $31.1 (-0.48%), Brent Oil at $73.34 (0.16%), WTI Oil at $69.3 (0.19%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.414, UK 10-year yield at 4.443, Germany 10-year yield at 2.337<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Housing Starts&nbsp; 1.31M vs 1.34M expected<\/li>\n\n\n\n<li>(USD) Building Permits 1.42M vs 1.44M expected<\/li>\n\n\n\n<li>(CAD) CPI m\/m 0.4% vs 0.3% expected<\/li>\n\n\n\n<li>(CAD) Median CPI y\/y 2.5% vs 2.4% expected<\/li>\n\n\n\n<li>(CAD) Trimmed CPI y\/y 2.6% vs 2.4% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets traded mostly lower on Wednesday amid volatility, reflecting mixed signals from Wall Street and escalating geopolitical tensions between Ukraine and Russia.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Investors evaluated Japan\u2019s October trade data, which showed export growth of 3.1% year-over-year, surpassing expectations and recovering from a 1.7% decline in September. Imports also outperformed estimates, rising 0.4%, though lower than September&#8217;s 2.1% increase. Japan\u2019s Nikkei 225 declined 0.16% to close at 38,352.34, while the Topix slipped 0.43% to 2,698.29.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In other Asian markets, Hong Kong\u2019s Hang Seng index rose 0.24%, and Mainland China\u2019s CSI 300 edged up 0.26%. China\u2019s central bank maintained its benchmark lending rates after a cut in October. South Korea\u2019s Kospi gained 0.42% to 2,482.29, though the smaller Kosdaq dropped 0.47% to 682.91. Meanwhile, Australia\u2019s S&amp;P\/ASX 200 fell 0.57% to 8,326.3.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Overnight, U.S. markets offered a mixed performance. The Nasdaq rose 1.04% to 18,987.47, and the S&amp;P 500 climbed 0.4% to 5,916.98. However, the Dow Jones Industrial Average slipped 0.28%, losing 120.66 points to close at 43,268.94.&nbsp;&nbsp;<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>03:30 PM GMT &#8211; USD Crude Oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets traded mostly [&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\/73159"}],"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=73159"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73159\/revisions"}],"predecessor-version":[{"id":73169,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73159\/revisions\/73169"}],"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=73159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}