{"id":62857,"date":"2023-10-04T18:06:46","date_gmt":"2023-10-04T07:06:46","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=62857"},"modified":"2025-11-10T18:25:25","modified_gmt":"2025-11-10T07:25:25","slug":"wednesday-4th-october-2023-asia-pacific-markets-experience-downturn-as-hong-kong-leads-the-slide","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/wednesday-4th-october-2023-asia-pacific-markets-experience-downturn-as-hong-kong-leads-the-slide\/","title":{"rendered":"Wednesday 4th October 2023: Asia-Pacific Markets Experience Downturn as Hong Kong Leads the Slide"},"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 2.17, Shanghai Composite up 0.10, Hang Seng down 0.71, ASX down 0.77%<\/li>\n\n\n\n<li>Commodities : Gold at $1833.45 (-0.58%), Silver at $21.15 (-1.05%), Brent Oil at $90.48 (-0.48%), WTI Oil at $88.75 (-0.54%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.875, UK 10-year yield at 4.719, Germany 10-year yield at 3.023<\/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) JOLTS Job Openings 9.61M vs 8.81M expected<\/li>\n\n\n\n<li>(USD) IBD\/TIPP Economic Optimism 36.3 vs 41.6 expected<\/li>\n\n\n\n<li>(USD) Wards Total Vehicle Sales 15.7M vs 15.4M expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>On Tuesday, Asia-Pacific markets experienced a notable downturn, primarily led by Hong Kong stocks following their return from the National Day holiday. The Hang Seng index in Hong Kong closed 1.17% lower at 17,331.22, showing a modest recovery from a more substantial early-session drop of over 3%. Meanwhile, in Australia, the S&amp;P\/ASX 200 declined by 0.77%, closing at 6,943.4. This downturn was a response to the central bank&#8217;s decision to maintain interest rates at 4.10%, as had been widely expected according to a Reuters poll.&nbsp;<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 also experienced a decline, dropping by 2.1% to close at 31,237.94. Notably, South Korean and Chinese markets remained closed for holiday observance.&nbsp;<\/p>\n\n\n\n<p>Overnight in the United States, the three major indexes displayed mixed performance. The Dow Jones Industrial Average recorded a 0.22% decline, closing at 33,433.35. Conversely, the S&amp;P 500 saw a minimal increase of 0.01%, closing at 4,288.39, while the Nasdaq Composite gained 0.67%, ultimately closing at 13,307.77.<\/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>12:15 PM GMT &#8211; USD ADP Non-Farm Employment Change<\/li>\n\n\n\n<li>1:45 PM GMT &#8211; USD Final Services PMI<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD ISM Services PMI<\/li>\n\n\n\n<li>2:30 PM GMT &#8211; USD Crude Oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: On Tuesday, Asia-Pacific markets [&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-62857","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\/62857","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=62857"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62857\/revisions"}],"predecessor-version":[{"id":62863,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/62857\/revisions\/62863"}],"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=62857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=62857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=62857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}