{"id":68534,"date":"2024-12-13T17:09:53","date_gmt":"2024-12-13T06:09:53","guid":{"rendered":"https:\/\/www.icmarkets-vnh.com\/blog\/?p=68534"},"modified":"2024-12-13T17:09:54","modified_gmt":"2024-12-13T06:09:54","slug":"friday-13th-december-2024-asian-markets-slide-as-china-drives-losses-u-s-inflation-data-weighs-on-wall-street","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/friday-13th-december-2024-asian-markets-slide-as-china-drives-losses-u-s-inflation-data-weighs-on-wall-street\/","title":{"rendered":"Friday 13th December 2024: Asian Markets Slide as China Drives Losses; U.S. Inflation Data Weighs on Wall Street"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.41%, Shanghai Composite down 1.45%, Hang Seng down 1.06% ASX down 1.08%<\/li>\n\n\n\n<li>Commodities : Gold at $2710.35 (-0.14%), Silver at $31.4 (-0.58%), Brent Oil at $73.4 (0.16%), WTI Oil at $70.4 (0.19%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.328, UK 10-year yield at 4.3620, Germany 10-year yield at 2.189<\/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>(EUR) Main Refinancing Rate 3.15% vs 3.15% expected<\/li>\n\n\n\n<li>(USD) Core PPI m\/m 0.2% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) PPI m\/m 0.4% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 242K vs 221K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>China\u2019s stock markets led declines across Asia on Friday, with Hong Kong\u2019s Hang Seng index dropping 1.39% and mainland China\u2019s CSI 300 falling 0.94%. This followed Beijing\u2019s affirmation of recent policy changes and its focus on boosting growth during a high-profile meeting on Thursday.<\/p>\n\n\n\n<p>Other Asia-Pacific markets also dipped, tracking Wall Street\u2019s losses after U.S. producer price inflation exceeded expectations. Japan\u2019s Nikkei 225 declined 1.16%, and the Topix shed 1.12%. However, South Korea\u2019s Kospi bucked the trend, gaining 0.23%, while the Kosdaq rose 1.01%. Internet giant Kakao surged over 5%, along with strong performances by its subsidiaries. Samsung Biologics, a major Kospi component, rose 3.6%.<\/p>\n\n\n\n<p>Japan\u2019s optimism was highlighted by the Bank of Japan\u2019s Tankan survey, showing the Tankan index for large manufacturers rising to 14, beating expectations of 12. This optimism reflects improving business sentiment and informs BOJ\u2019s monetary policy decisions.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 lost 0.69%, while India prepared to release its wholesale inflation figures for November. Economists anticipate a decline to 2.2% from October\u2019s 2.36%, following a drop in consumer inflation.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average fell 0.53%, marking its sixth consecutive losing session after a hotter-than-expected 0.4% rise in November\u2019s producer price index (PPI). The PPI&#8217;s annual growth of 3% was the highest since February 2023. The Nasdaq lost 0.66%, while the S&amp;P 500 declined 0.54%, extending Wall Street\u2019s slump.<\/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>01:30 PM GMT &#8211; CAD Manufacturing Sales m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; CAD Wholesale Sales m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Import Prices m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: China\u2019s stock markets led [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":68120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,339],"tags":[],"class_list":["post-68534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68534","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=68534"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68534\/revisions"}],"predecessor-version":[{"id":68541,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68534\/revisions\/68541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/68120"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=68534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}