{"id":74077,"date":"2025-01-13T16:48:54","date_gmt":"2025-01-13T05:48:54","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=74077"},"modified":"2025-08-06T18:51:34","modified_gmt":"2025-08-06T08:51:34","slug":"monday-13th-january-2025-asia-pacific-markets-slip-amid-fed-concerns-and-chinas-economic-updates","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-13th-january-2025-asia-pacific-markets-slip-amid-fed-concerns-and-chinas-economic-updates\/","title":{"rendered":"Monday 13th January 2025: Asia-Pacific Markets Slip Amid Fed Concerns and China\u2019s Economic Updates"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.04%, Shanghai Composite down 0.44%, Hang Seng down 1.17% ASX down 1.24%<\/li>\n\n\n\n<li>Commodities : Gold at $2712.35 (-0.16%), Silver at $31.14 (-0.48%), Brent Oil at $81.29 (1.89%), WTI Oil at $77.36 (1.71%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.763, UK 10-year yield at 4.835, Germany 10-year yield at 2.5675<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) Employment Change&nbsp; 90.9K vs 24.9K expected<\/li>\n\n\n\n<li>(CAD) Unemployment Rate&nbsp; 6.7% vs 6.9% expected<\/li>\n\n\n\n<li>(USD) Non-Farm Employment Change&nbsp; 256K vs 164K expected<\/li>\n\n\n\n<li>(USD) Unemployment Rate&nbsp; 4.1% vs 4.2% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets traded lower Monday as a strong U.S. jobs report dampened hopes for early Federal Reserve rate cuts. Meanwhile, China\u2019s December trade data surpassed expectations, with exports growing 10.7% year-on-year versus a forecasted 7.3%, and imports rising 1% against an anticipated 1.5% decline. However, China\u2019s CSI 300 index fell 0.5%, hitting its lowest point since September 2024, as investors monitored the central bank\u2019s suspension of government bond purchases.<\/p>\n\n\n\n<p>China\u2019s 10-year bond yield hit a record low, while the onshore yuan dropped to a 16-month low. Hong Kong\u2019s Hang Seng Index slid 1.18%, falling below 19,000, its lowest since last September.<\/p>\n\n\n\n<p>India\u2019s markets also declined, with the Nifty 50 and BSE Sensex down 0.53% and 0.4%, respectively, ahead of the day\u2019s inflation data. South Korea\u2019s Kospi dropped 1.04%, and the Kosdaq fell 1.26%, while Australia\u2019s S&amp;P\/ASX 200 lost 1.23%. Japan\u2019s markets were closed for a holiday.<\/p>\n\n\n\n<p>This week, key updates include the Bank of Korea\u2019s meeting and Australia\u2019s unemployment data on Thursday, followed by China\u2019s Q4 GDP, retail sales, and industrial output on Friday.<\/p>\n\n\n\n<p>In the U.S., stocks tumbled Friday after December payrolls increased by 256,000, beating expectations of 155,000. The Dow dropped 696.75 points, or 1.63%, while the S&amp;P 500 and Nasdaq Composite fell 1.54% and 1.63%, respectively. The unemployment rate unexpectedly dropped to 4.1%, pushing 10-year Treasury yields to their highest since 2023 and placing major indices in the red for 2025.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>07:00 PM GMT &#8211; USD Federal Budget Balance<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets traded lower [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":77277,"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\/74077"}],"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=74077"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74077\/revisions"}],"predecessor-version":[{"id":74078,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74077\/revisions\/74078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=74077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=74077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=74077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}