{"id":68821,"date":"2025-01-10T17:33:30","date_gmt":"2025-01-10T06:33:30","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=68821"},"modified":"2025-08-06T18:54:06","modified_gmt":"2025-08-06T08:54:06","slug":"friday-10th-january-2025-asia-pacific-markets-drop-amid-economic-data-and-bond-market-moves","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/friday-10th-january-2025-asia-pacific-markets-drop-amid-economic-data-and-bond-market-moves\/","title":{"rendered":"Friday 10th January 2025: Asia-Pacific Markets Drop Amid Economic Data and Bond Market Moves"},"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 0.84%, Shanghai Composite down 0.44%, Hang Seng down 0.71% ASX down 0.4%<\/li>\n\n\n\n<li>Commodities : Gold at $2696.35 (0.26%), Silver at $31.14 (0.48%), Brent Oil at $77.29 (0.46%), WTI Oil at $74.36 (0.51%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.698, UK 10-year yield at 4.806, Germany 10-year yield at 2.5310<\/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) Challenger Job Cuts y\/y&nbsp; 11.4% vs 26.8% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets mostly declined on Friday as investors analyzed Japan&#8217;s November economic data. Real household spending in Japan dropped 0.4% year-on-year, a smaller decline than the 0.6% predicted by a Reuters poll and an improvement from October&#8217;s 1.3% decrease. Meanwhile, the average real income per household rose 0.7% to 514,409 yen ($3,252.98) in November.<\/p>\n\n\n\n<p>In China, the People\u2019s Bank of China announced a temporary suspension of treasury bond purchases due to supply shortages, according to Reuters. The PBOC stated that purchases would resume based on supply-demand dynamics in the government bond market. Following this announcement, Hong Kong\u2019s Hang Seng index dropped 0.47%, reversing earlier gains, while mainland China\u2019s CSI 300 fell 0.46%.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 led regional losses, declining 1.02%, with the Topix losing 0.68%. Fast Retailing shares plunged 7.83% despite reporting strong first-quarter results. South Korea\u2019s Kospi edged slightly lower, while the Kosdaq dropped 0.82%. Australia\u2019s S&amp;P\/ASX 200 also fell 0.52% after initially trading in positive territory.<\/p>\n\n\n\n<p>In the U.S., markets remained closed on Thursday for former President Jimmy Carter\u2019s funeral. Traders now await December\u2019s nonfarm payroll data, expected to show a gain of 155,000 jobs, down from November\u2019s surprising 227,000 increase but consistent with recent averages. The unemployment rate is forecasted to remain steady at 4.2%.<\/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 Employment Change<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; CAD Unemployment Rate<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Average Hourly Earnings m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Non-Farm Employment Change<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Unemployment Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets mostly declined [&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-68821","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\/68821","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=68821"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68821\/revisions"}],"predecessor-version":[{"id":68826,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68821\/revisions\/68826"}],"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=68821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}