{"id":67764,"date":"2024-08-27T16:12:43","date_gmt":"2024-08-27T06:12:43","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=67764"},"modified":"2025-11-10T17:01:15","modified_gmt":"2025-11-10T06:01:15","slug":"tuesday-27th-august-2024-asia-pacific-markets-decline-amid-global-uncertainty","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesday-27th-august-2024-asia-pacific-markets-decline-amid-global-uncertainty\/","title":{"rendered":"Tuesday 27th August 2024: Asia-Pacific Markets Decline Amid Global Uncertainty"},"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 0.72%, Shanghai Composite down 0.3%, Hang Seng down 0.27% ASX down 0.19%<\/li>\n\n\n\n<li>Commodities : Gold at $2550.35 (-0.29%), Silver at $30.53 (0.271%), Brent Oil at $80.6 (-0.09%), WTI Oil at $77.32 (-0.18%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.829, UK 10-year yield at 3.914, Germany 10-year yield at 2.254<\/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) Core Durable Goods Orders m\/m&nbsp; -0.2% vs 0.0% expected<\/li>\n\n\n\n<li>(USD) Durable Goods Orders m\/m&nbsp; 9.9%&nbsp; vs 4.0% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets mostly declined on Tuesday, mirroring losses in the S&amp;P 500 and Nasdaq from the previous night as investors analyzed China&#8217;s industrial profit data.&nbsp;<\/p>\n\n\n\n<p>China reported a 3.6% year-on-year increase in industrial profits from January to July, slightly up from the 3.5% growth recorded between January and June. Following this data release, Hong Kong&#8217;s Hang Seng index dropped 0.27%, while mainland China&#8217;s CSI 300 fell by 0.61%.In contrast, Japan&#8217;s Nikkei 225 rose by 0.71%, and the Topix index gained 0.40%, making them the only major indexes in positive territory.<\/p>\n\n\n\n<p>South Korea&#8217;s Kospi declined by 0.37%, and the Kosdaq, focused on small-cap stocks, lost 0.67%. In Australia, the S&amp;P\/ASX 200 index reversed earlier gains to close 0.19% lower, having been close to breaching its all-time high of 8,114.7, set on August 1.<\/p>\n\n\n\n<p>Meanwhile, on Wall Street, the Dow Jones Industrial Average reached new highs, closing up by 65.44 points, or 0.16%, at 41,240.52. In contrast, the S&amp;P 500 and Nasdaq Composite fell by 0.32% and 0.85%, respectively.<\/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>02:00 PM GMT &#8211; USD CB Consumer Confidence<\/li>\n\n\n\n<li>02:00 PM GMT &#8211; USD Richmond Manufacturing Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets mostly declined [&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-67764","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\/67764","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=67764"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/67764\/revisions"}],"predecessor-version":[{"id":67771,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/67764\/revisions\/67771"}],"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=67764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=67764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=67764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}