{"id":73282,"date":"2024-11-27T18:28:44","date_gmt":"2024-11-27T07:28:44","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73282"},"modified":"2025-11-10T20:52:31","modified_gmt":"2025-11-10T09:52:31","slug":"wednesday-27th-november-2024-asia-pacific-markets-diverge-as-wall-street-surges-to-new-highs","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-27th-november-2024-asia-pacific-markets-diverge-as-wall-street-surges-to-new-highs\/","title":{"rendered":"Wednesday 27th November 2024: Asia-Pacific Markets Diverge as Wall Street Surges to New Highs"},"content":{"rendered":"\n<h3><strong><br \/><\/strong><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.89%, Shanghai Composite up 0.32%, Hang Seng up 0.37% ASX up 0.58%<\/li>\n\n\n\n<li>Commodities : Gold at $2665.35 (0.74%), Silver at $30.9 (0.48%), Brent Oil at $72.24 (0.06%), WTI Oil at $68.7 (0.09%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.301, UK 10-year yield at 4.353, Germany 10-year yield at 2.198<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) New Home Sales 610K vs 725K expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets presented mixed results on Wednesday, echoing Wall Street\u2019s strong performance, where the S&amp;P 500 and Dow Jones reached new intraday and closing records.<\/p>\n\n\n\n<p>China\u2019s industrial profits fell 10% in October compared to the previous year, signaling that recent government stimulus efforts have yet to revive corporate earnings. Meanwhile, traders in Asia analyzed Australian inflation data, revealing a 2.1% year-on-year rise in the consumer price index for October, slightly below the 2.3% forecast by economists. This figure matched September&#8217;s increase but marked a significant decline from the 5.6% recorded in September 2023.<\/p>\n\n\n\n<p>In stock movements, Hong Kong\u2019s Hang Seng index rose by 0.4%, while mainland China\u2019s CSI 300 climbed 0.9%. Australia\u2019s S&amp;P\/ASX 200 gained 0.57%, closing at 8,406.7. Conversely, Japan\u2019s Nikkei 225 fell 1.1%, and the Topix index declined 1.3%. In South Korea, the Kospi dropped 0.65%, though the Kosdaq edged up 0.1%.<\/p>\n\n\n\n<p>On Tuesday, U.S. markets saw robust gains, with the Dow Jones rising 123.74 points (0.28%) to close at a record 44,860.31. The S&amp;P 500 added 0.57% to 6,021.63, and the Nasdaq Composite advanced 0.63% to 19,174.30. The rally followed President-elect Donald Trump\u2019s announcement of proposed tariffs, including a 25% levy on products from Mexico and Canada and a 10% tariff on Chinese goods, fueling optimism among investors.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; USD Prelim GDP q\/q<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD Core PCE Price Indexm\/m<\/li>\n\n\n\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 presented mixed [&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\/73282"}],"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=73282"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73282\/revisions"}],"predecessor-version":[{"id":73287,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73282\/revisions\/73287"}],"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=73282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}