{"id":66598,"date":"2024-06-17T02:54:00","date_gmt":"2024-06-16T16:54:00","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=66598"},"modified":"2025-11-10T17:34:59","modified_gmt":"2025-11-10T06:34:59","slug":"tuesday-18th-june-2024-asian-markets-rebound-amid-central-bank-decisions","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesday-18th-june-2024-asian-markets-rebound-amid-central-bank-decisions\/","title":{"rendered":"Tuesday 18th June 2024: Asian Markets Rebound Amid Central Bank Decisions"},"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 0.93%, Shanghai Composite up 0.18%, Hang Seng down 0.54% ASX up 0.92%<\/li>\n\n\n\n<li>Commodities : Gold at $2335.5 (0.27%), Silver at $29.48 (0.21%), Brent Oil at $84.53 (-0.19%), WTI Oil at $79.61 (-0.19%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.28, UK 10-year yield at 4.14, Germany 10-year yield at 2.40<\/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>(CAD) Housing Starts 265K vs 247K expected<\/li>\n\n\n\n<li>(CAD) Foreign Securities Purchases 41.16B vs 12.30B expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets rebounded on Tuesday, buoyed by Wall Street&#8217;s overnight rally, as investors assessed the Reserve Bank of Australia\u2019s (RBA) interest rate decision. The RBA held its benchmark interest rate at 4.35% for the fifth consecutive meeting, citing persistent inflation and an uncertain economic outlook. Australia&#8217;s S&amp;P\/ASX 200 gained 0.89%, while Japan\u2019s Nikkei 225 rose 1.05% after a near 2% drop on Monday, with the Topix up 0.74%. Reuters reported that Bank of Japan Governor Kazuo Ueda suggested potential rate hikes in July, depending on economic data.<\/p>\n\n\n\n<p>In corporate news, Japanese automaker Toyota re-elected Akio Toyoda as board chairman, despite recommendations from two proxy advisers to vote against him. South Korea\u2019s Kospi climbed 0.79%, driven by gains in chipmakers Samsung Electronics and SK Hynix, which increased by approximately 2.3% and 3%, respectively. However, the small-cap Kosdaq fell by 0.15%. Automaker Hyundai set a new record, rising about 3.05% on news of its plans to list its India unit in Mumbai.<\/p>\n\n\n\n<p>Hong Kong\u2019s Hang Seng index dipped 0.58%, while mainland China\u2019s CSI 300 edged up 0.22%. Investors continued to monitor economic indicators and corporate developments across the region.&nbsp;<\/p>\n\n\n\n<p>In the U.S., the S&amp;P 500 closed at a new record high, with Wall Street extending last week\u2019s gains. The index climbed 0.77% to close at 5,473.23, the Nasdaq Composite surged 0.95%, and the Dow Jones Industrial Average increased by 0.49%, breaking a four-day losing streak.<\/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 Retail Sales m\/m<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Retail Sales m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets rebounded 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-66598","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\/66598","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=66598"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/66598\/revisions"}],"predecessor-version":[{"id":66621,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/66598\/revisions\/66621"}],"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=66598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=66598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=66598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}