{"id":62211,"date":"2023-08-18T17:40:43","date_gmt":"2023-08-18T07:40:43","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=62211"},"modified":"2025-11-10T18:35:38","modified_gmt":"2025-11-10T07:35:38","slug":"friday-18th-aug-2023-asia-pacific-markets-decline-amid-japans-inflation-and-chinas-real-estate-challenges","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-18th-aug-2023-asia-pacific-markets-decline-amid-japans-inflation-and-chinas-real-estate-challenges\/","title":{"rendered":"Friday 18th Aug 2023: Asia-Pacific Markets Decline Amid Japan&#8217;s Inflation and China&#8217;s Real Estate Challenges"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.43%, Shanghai Composite down 1.00%, Hang Seng down 1.85%, ASX up 0.03%<\/li>\n\n\n\n<li>Commodities : Gold at $1922.50 (+0.39%), Silver at $22.82 (+0.56%), Brent Oil at $84.19 (+0.14%), WTI Oil at $80.62 (+0.27%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.228, UK 10-year yield at 4.703, Germany 10-year yield at 2.6115<\/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) Unemployment Claims 239K vs -240K expected<\/li>\n\n\n\n<li>(USD) CB Leading Index m\/m -0.4% vs -0.4% expected<\/li>\n\n\n\n<li>(USD) Natural Gas Storage 35B vs 35B expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets faced declines on Friday due to Japan&#8217;s July inflation data and challenges in China&#8217;s real estate sector. In Japan, the core inflation rate fell to 3.1%, while headline inflation held steady at 3.3%.<\/p>\n\n\n\n<p>Meanwhile, China&#8217;s Evergrande, a troubled real estate giant, began bankruptcy protection proceedings in a U.S. court under Chapter 15 of the bankruptcy code, aiming to safeguard foreign firms undergoing restructuring.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index dropped 1.85%, and China&#8217;s CSI 300 index lost 0.83%. Japan&#8217;s Nikkei 225 decreased by 0.43%, concluding a series of losses. Australia&#8217;s S&amp;P\/ASX 200 edged up slightly, while South Korea&#8217;s Kospi fell 0.61%, marking the sixth consecutive day of losses.<\/p>\n\n\n\n<p>In the U.S., all three major indexes experienced declines on Thursday, as investors grappled with the Federal Reserve&#8217;s meeting minutes expressing concerns about inflation and potential interest rate hikes. The Dow Jones Industrial Average dropped 0.84%, closing below its 50-day moving average for the first time since June 1. The S&amp;P 500 fell 0.77%, and the Nasdaq Composite declined by 1.17%.<\/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>12:30 PM GMT &#8211; CAD IPPI m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD RMPI m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets faced declines [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":74214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-62211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=62211"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62211\/revisions"}],"predecessor-version":[{"id":62212,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62211\/revisions\/62212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/74214"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=62211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=62211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=62211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}