{"id":66066,"date":"2024-05-09T16:31:30","date_gmt":"2024-05-09T06:31:30","guid":{"rendered":"https:\/\/www.icmarkets-vnd.com\/blog\/?p=66066"},"modified":"2025-11-11T18:00:57","modified_gmt":"2025-11-11T07:00:57","slug":"thursday-9th-may-2024-asian-markets-see-surge-amid-import-boost-and-export-growth","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/thursday-9th-may-2024-asian-markets-see-surge-amid-import-boost-and-export-growth\/","title":{"rendered":"Thursday 9th May 2024: Asian Markets See Surge Amid Import Boost and Export Growth"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.34%, Shanghai Composite up 0.71%, Hang Seng up 1.18% ASX down 1.06%<\/li>\n\n\n\n<li>Commodities : Gold at $2321.5 (-0.05%), Silver at $27.88 (1.06%), Brent Oil at $83.81 (0.28%), WTI Oil at $79.32 (0.45%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.50, UK 10-year yield at 4.34, Germany 10-year yield at 2.48<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Crude Oil Inventories -1.4M vs -1.0M expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Chinese stocks surged on Thursday as imports outpaced expectations and exports met projections. In April, China&#8217;s imports spiked by 8.4%, exceeding the forecasted 4.8% rise, while exports grew by 1.5% year-on-year. This boosted mainland China\u2019s CSI 300 index by 0.93%, building on an initial 0.2% gain.<\/p>\n\n\n\n<p>In Japan, real wages fell by 2.5% year-on-year in March, marking the 24th consecutive month of decline. Investors are watching for signs of the &#8220;virtuous cycle&#8221; envisioned by the Bank of Japan. The Nikkei 225 rose by 0.5%, while the broader Topix index increased by 0.76%.<\/p>\n\n\n\n<p>Elsewhere, Hong Kong\u2019s Hang Seng index climbed by 1.19%, while South Korea&#8217;s Kospi retreated from a one-month high, falling by 0.63%, along with the Kosdaq, which dropped by 0.12%. The Australian S&amp;P\/ASX 200 slid by 1.06%.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average extended its six-day winning streak despite weakness in the tech sector. The Dow added 0.44%, marking its longest winning streak of 2024. The S&amp;P 500 closed near the flatline, while the Nasdaq Composite retreated by 0.18%. Investors are also considering remarks from the Federal Reserve, particularly Boston Fed President Susan Collins&#8217; indication that interest rate policy is likely to remain unchanged until inflation moves &#8220;sustainably&#8221; towards the central bank\u2019s 2% target.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>11:00 AM GMT &#8211; GBP Official Bank Rate<\/li>\n\n\n\n<li>2:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Chinese stocks surged on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-66066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/66066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=66066"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/66066\/revisions"}],"predecessor-version":[{"id":66067,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/66066\/revisions\/66067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=66066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=66066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=66066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}