{"id":62257,"date":"2023-08-23T17:43:15","date_gmt":"2023-08-23T07:43:15","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=62257"},"modified":"2025-11-10T18:34:12","modified_gmt":"2025-11-10T07:34:12","slug":"wednesday-23rd-aug-2023-mixed-performance-in-asian-markets-as-investors-analyze-economic-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/wednesday-23rd-aug-2023-mixed-performance-in-asian-markets-as-investors-analyze-economic-data\/","title":{"rendered":"Wednesday 23rd Aug 2023: Mixed Performance in Asian Markets as Investors Analyze Economic Data"},"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 up 0.50%, Shanghai Composite down 1.34%, Hang Seng up 0.18%, ASX up 0.38%<\/li>\n\n\n\n<li>Commodities : Gold at $1931.20 (+0.27%), Silver at $23.74 (+1.21%), Brent Oil at $83.39 (-0.69%), WTI Oil at $79.14 (-0.67%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.263, UK 10-year yield at 4.617, Germany 10-year yield at 2.547<\/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>(NZD) Retail Sales q\/q -1.0% vs -0.4% expected<\/li>\n\n\n\n<li>(NZD) Core Retail Sales q\/q -1.8% vs -0.2% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>In Asia-Pacific markets on Wednesday, there was a mixed performance as investors evaluated private business activity surveys from Australia and Japan, along with inflation data from Singapore.<\/p>\n\n\n\n<p>Starting in Australia, the S&amp;P\/ASX 200 rebounded with a 0.38% increase, reaching a closing of 7,148.4. This marked its third consecutive day of gains despite a contraction in business activity, reported by Juno Bank, with the flash composite purchasing managers index for August coming in at 47.1.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 joined the positive sentiment, climbing 0.50% to close at 32,010.26. The Topix also participated in the upward trend, gaining 0.5% and ending at 2,277.05. Both indices maintained their three-day winning streaks, with August&#8217;s flash PMI indicating faster business expansion at 54.3 compared to July&#8217;s 53.8.<\/p>\n\n\n\n<p>However, South Korea&#8217;s Kospi struggled, ending down 0.41% at 2,505.5, while the Kosdaq closed 1.17% lower at 882.87. Hong Kong&#8217;s Hang Seng index hovered near neutrality, while mainland Chinese markets experienced negativity, with the CSI 300 index down 0.72%.<\/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 Core Retail Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; CAD Retail Sales m\/m<\/li>\n\n\n\n<li>1:45 PM GMT &#8211; USD Flash Manufacturing PMI<\/li>\n\n\n\n<li>1:45 PM GMT &#8211; USD Flash Services PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: In Asia-Pacific markets on [&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-62257","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\/62257","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=62257"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62257\/revisions"}],"predecessor-version":[{"id":62262,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62257\/revisions\/62262"}],"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=62257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=62257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=62257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}