{"id":71260,"date":"2025-08-07T15:28:41","date_gmt":"2025-08-07T05:28:41","guid":{"rendered":"https:\/\/www.icmarkets-vnj.com\/blog\/?p=71260"},"modified":"2025-08-07T15:28:42","modified_gmt":"2025-08-07T05:28:42","slug":"thursday-7th-august-2025-asian-markets-mixed-despite-wall-street-optimism","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/thursday-7th-august-2025-asian-markets-mixed-despite-wall-street-optimism\/","title":{"rendered":"Thursday 7th August 2025: Asian Markets Mixed Despite Wall Street Optimism"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.47%, Shanghai Composite up 0.19%, Hang Seng up 0.58% ASX down 0.11%<\/li>\n\n\n\n<li>Commodities : Gold at $3445.35 (0.19%), Silver at $38.08 (0.65%), Brent Oil at $67.19 (0.69%), WTI Oil at $64.8 (0.63%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.228, UK 10-year yield at 4.5370, Germany 10-year yield at 2.6432<\/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 -3.0M&nbsp; to 0.2M expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asian stock markets are trading mostly higher on Thursday, buoyed by Wall Street&#8217;s rally and renewed hopes of a U.S.\u2013China trade deal, as President Trump signaled talks are progressing. Optimism around a possible U.S. interest rate cut in September also supported sentiment.<\/p>\n\n\n\n<p>However, Australia\u2019s ASX is bucking the trend, slipping 0.19% to 8,827.30, breaking a three-day winning streak. Iron ore miners and energy stocks are dragging the index down, with Rio Tinto, Fortescue, and Mineral Resources all dipping around 1%. Oil names like Woodside, Beach, and Santos are also in the red.<\/p>\n\n\n\n<p>Tech shares are mixed, with Block and WiseTech posting small gains, while Appen and Zip fell sharply. Meanwhile, gold miners are shining\u2014Northern Star and Newmont are both up over 1%.<\/p>\n\n\n\n<p>In corporate news, ASX shares tumbled nearly 8% following government scrutiny and cost warnings. Westgold Resources surged 6% on a promising production outlook.Japan&#8217;s Nikkei gained 0.78%, lifted by financials and tech stocks. Notable gainers include M3 (+20%) and Shiseido (+9%). On the flip side, Kawasaki Heavy and Meiji Holdings dropped nearly 4%.<\/p>\n\n\n\n<p>Elsewhere, Taiwan surged 2.3%, while most other Asian markets traded modestly higher. China and Hong Kong were slightly lower.On Wall Street, the Nasdaq led gains with a 1.2% rise, while oil prices slipped on renewed geopolitical concerns.<\/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>02:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian stock markets are [&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-71260","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\/71260","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=71260"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/71260\/revisions"}],"predecessor-version":[{"id":71264,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/71260\/revisions\/71264"}],"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=71260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=71260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=71260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}