{"id":63133,"date":"2023-10-27T17:37:28","date_gmt":"2023-10-27T06:37:28","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=63133"},"modified":"2025-11-10T18:20:59","modified_gmt":"2025-11-10T07:20:59","slug":"friday-27th-october-2023-asia-pacific-market-volatility-and-its-global-impact","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-27th-october-2023-asia-pacific-market-volatility-and-its-global-impact\/","title":{"rendered":"Friday 27th October 2023: Asia-Pacific Market Volatility and Its Global Impact"},"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 1.38%, Shanghai Composite up 1.07, Hang Seng up 2.21% ASX&nbsp; up&nbsp; 0.21%<\/li>\n\n\n\n<li>Commodities : Gold at $1996.05 (0.05%), Silver at $23.067 (+0.59%), Brent Oil at $89.26 (1.59%), WTI Oil at $84.59 (+1.67%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.881, UK 10-year yield at 4.654, Germany 10-year yield at 2.842<\/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) Advance GDP q\/q 4.9% vs 4.5% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 210K vs 208K expected<\/li>\n\n\n\n<li>(USD) Core Durable Goods Orders m\/m 0.5% vs 0.2% expected<\/li>\n\n\n\n<li>(USD) Pending Home Sales m\/m 1.1% vs -2.0 % expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>The Asia-Pacific markets underwent a broad sell-off, with Australian shares closing at a level not seen in over a year. Meanwhile, mainland China stocks defied the trend by ending the day on a positive note.<\/p>\n\n\n\n<p>In South Korea, the Kospi index slipped by 2.71% to its lowest level since January 6, while the Kosdaq index shed 3.5% to reach its lowest point since January 31. This drop was partly attributed to South Korean chip supplier SK Hynix, which reported a net loss of $1.61 billion for the third quarter, a sharp contrast to the previous year&#8217;s profit.<\/p>\n\n\n\n<p>South Korea&#8217;s gross domestic product grew by 0.6% in the third quarter, slightly surpassing expectations from a Reuters poll.Japan&#8217;s Nikkei 225 fell by 2.14%, while Australia&#8217;s S&amp;P\/ASX 200 closed 0.61% lower, reaching its lowest level since October 2022.<\/p>\n\n\n\n<p>In the United States, the S&amp;P 500 fell below the critical 4,200 level, closing at 4,186.77, the first time it did so since May, with the Dow Jones Industrial Average and Nasdaq Composite also experiencing declines.<\/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; USD Core PCE Price Index m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Personal Income m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Personal Spending m\/m<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD Revised UoM Consumer Sentiment<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD Revised UoM Inflation Expectations<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: The Asia-Pacific markets underwent [&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-63133","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\/63133","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=63133"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/63133\/revisions"}],"predecessor-version":[{"id":63138,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/63133\/revisions\/63138"}],"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=63133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=63133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=63133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}