{"id":68680,"date":"2024-12-30T17:18:26","date_gmt":"2024-12-30T06:18:26","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=68680"},"modified":"2024-12-30T17:18:27","modified_gmt":"2024-12-30T06:18:27","slug":"monday-30th-december-2024-asia-pacific-markets-show-mixed-performance-amid-global-developments","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/monday-30th-december-2024-asia-pacific-markets-show-mixed-performance-amid-global-developments\/","title":{"rendered":"Monday 30th December 2024: Asia-Pacific Markets Show Mixed Performance Amid Global Developments"},"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 0.92%, Shanghai Composite up 0.09%, Hang Seng down 0.33% ASX down 0.32%<\/li>\n\n\n\n<li>Commodities : Gold at $2632.35 (-0.04%), Silver at $29.94 (0.08%), Brent Oil at $73.89 (0.06%), WTI Oil at $70.64 (0.05%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.617, UK 10-year yield at 4.626, Germany 10-year yield at 2.389<\/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&nbsp; -4.2M vs -0.7M expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets were mixed on Monday, reflecting a range of economic and political factors. In South Korea, the Kospi rose 0.91%, and the Kosdaq gained 1.74%, despite the nation grappling with its deadliest airline crash in decades. On Sunday, a Jeju Air plane crash at Muan International Airport claimed 179 lives. Acting President Choi Sang-mok has ordered an urgent inspection of the nation\u2019s airline systems following recovery efforts. Jeju Air shares hit an all-time low, falling 8.53%, while other airline stocks showed volatility.<\/p>\n\n\n\n<p>South Korea also faces political turmoil, with parliament impeaching acting President Han Duck-soo after his predecessor, Yoon, was impeached for a brief martial law decree. Economic data added to the challenges, with industrial output contracting 0.7% in November, surpassing expectations of a 0.4% decline.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 dropped 0.82%, and the Topix fell 0.30%, as factory activity showed a slower contraction. The au Jibun Bank Japan Manufacturing PMI improved to 49.6 in December, signaling softer declines in production and new orders.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 declined 0.32%, while Hong Kong\u2019s Hang Seng Index edged up 0.15%, and mainland China\u2019s CSI 300 rose 0.53%. Traders anticipate China\u2019s manufacturing PMI on Tuesday, ahead of market closures for the New Year holiday.<\/p>\n\n\n\n<p>On Wall Street, major U.S. indexes fell Friday, led by technology stocks. The Dow dropped 0.77%, while the S&amp;P 500 and Nasdaq Composite fell 1.11% and 1.49%, respectively, despite overall weekly gains.<\/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>03:00 PM GMT &#8211; USD Pending Home Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets were mixed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":68127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,339],"tags":[],"class_list":["post-68680","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\/68680","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=68680"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68680\/revisions"}],"predecessor-version":[{"id":68685,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68680\/revisions\/68685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/68127"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=68680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}