{"id":62840,"date":"2023-10-03T18:36:29","date_gmt":"2023-10-03T07:36:29","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=62840"},"modified":"2025-11-10T18:25:35","modified_gmt":"2025-11-10T07:25:35","slug":"tuesday-3rd-october-2023-asian-markets-falter-with-hong-kong-leading-the-way-in-3-drop","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesday-3rd-october-2023-asian-markets-falter-with-hong-kong-leading-the-way-in-3-drop\/","title":{"rendered":"Tuesday 3rd October 2023: Asian Markets Falter with Hong Kong Leading the Way in 3% Drop"},"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 1.83, Shanghai Composite up 0.10, Hang Seng down 3.21, ASX down 1.28%<\/li>\n\n\n\n<li>Commodities : Gold at $1388.45 (-0.58%), Silver at $21.45 (-1.05%), Brent Oil at $89.98 (-0.84%), WTI Oil at $88.29 (-0.62%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.692, UK 10-year yield at 4.573, Germany 10-year yield at 2.910<\/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) ISM Manufacturing PMI 0.0% vs 0.1% expected<\/li>\n\n\n\n<li>(USD) ISM Manufacturing Price 0.1% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) Construction Spending m\/m 68.1 vs 67.7 expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Hong Kong stocks led a regional downturn, plummeting by approximately 3% as trading resumed after a National Day holiday.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 registered a 1.1% decline following the central bank&#8217;s decision to maintain rates at 4.10%, aligning with Reuters&#8217; poll expectations.<\/p>\n\n\n\n<p>Meanwhile, Japanese markets were also in the red, with the Nikkei 225 down by 1.33%, and the Topix index showing a 1.16% decrease.<\/p>\n\n\n\n<p>It&#8217;s worth noting that South Korean and Chinese markets were closed for holiday observance.<\/p>\n\n\n\n<p>In the United States, overnight trading saw mixed results as the Dow Jones Industrial Average slid by 0.22%, the S&amp;P 500 barely moved, gaining just 0.01%, and the Nasdaq Composite increased by 0.67%.<\/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>12:25 PM GMT &#8211; CAD Gov Council Member Vincent Speaks<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD JOLTS Job Openings<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Hong Kong stocks led [&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-62840","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\/62840","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=62840"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62840\/revisions"}],"predecessor-version":[{"id":62847,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62840\/revisions\/62847"}],"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=62840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=62840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=62840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}