{"id":64121,"date":"2024-01-09T18:55:52","date_gmt":"2024-01-09T07:55:52","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=64121"},"modified":"2025-11-10T18:08:02","modified_gmt":"2025-11-10T07:08:02","slug":"tuesday-9th-january-2024-asia-pacific-markets-rally-on-tech-surge-and-mixed-regional-trends","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesday-9th-january-2024-asia-pacific-markets-rally-on-tech-surge-and-mixed-regional-trends\/","title":{"rendered":"Tuesday 9th January 2024: Asia-Pacific Markets Rally on Tech Surge and Mixed Regional Trends<br>"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.19%, Shanghai Composite up 0.20%, Hang Seng up 0.21% ASX up 0.93%<\/li>\n\n\n\n<li>Commodities : Gold at $2040.5 (0.57%), Silver at $23.33 (0.34%), Brent Oil at $76.42 (0.23%), WTI Oil at $70.87 (0.17%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.028, UK 10-year yield at 3.803, Germany 10-year yield at 2.167<\/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) Consumer Credit m\/m 23.8B vs 8.9B expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets bounced back, led by Japan&#8217;s Nikkei 225 hitting a 33-year high, closing at 33,763.18, fueled by tech stock gains. Tokyo&#8217;s December inflation slowed to 2.4%, with core inflation at 2.1%, aligning with expectations.<\/p>\n\n\n\n<p>Australia surpassed expectations with a 2% month-on-month surge in retail sales for November 2023, boosting the S&amp;P\/ASX 200 by 0.93%, breaking a four-day decline streak.<\/p>\n\n\n\n<p>However, South Korea&#8217;s Kospi slipped 0.26% due to Samsung Electronics cutting its Q4 2023 earnings forecast, while the Kosdaq rose 0.6% to 884.64.<\/p>\n\n\n\n<p>In the US market, tech stocks led the gains as Nvidia surged 6.4% to a record high, Amazon rose nearly 2.7%, and Apple added 2.4% following a recommendation to buy after a recent dip by Evercore ISI.<\/p>\n\n\n\n<p>Overall, the S&amp;P 500 climbed 1.41%, the Nasdaq Composite soared 2.2%, marking its best day since Nov. 14, and the Dow Jones Industrial Average gained 0.58%, settling at 37,683.01.<\/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>1:30 PM GMT &#8211; CAD Building Permits m\/m<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; CAD Trade Balance<\/li>\n\n\n\n<li>1:30 PM GMT &#8211; USD Trade Balance<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets bounced back, [&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-64121","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\/64121","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=64121"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/64121\/revisions"}],"predecessor-version":[{"id":64124,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/64121\/revisions\/64124"}],"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=64121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=64121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=64121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}