{"id":67874,"date":"2024-09-03T16:53:33","date_gmt":"2024-09-03T06:53:33","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=67874"},"modified":"2025-11-10T16:58:50","modified_gmt":"2025-11-10T05:58:50","slug":"tuesday-3rd-september-2024-asia-pacific-markets-dip-as-investors-digest-south-koreas-inflation-data","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesday-3rd-september-2024-asia-pacific-markets-dip-as-investors-digest-south-koreas-inflation-data\/","title":{"rendered":"Tuesday 3rd September 2024: Asia-Pacific Markets Dip as Investors Digest South Korea&#8217;s Inflation Data"},"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 0.15%, Shanghai Composite down 0.47%, Hang Seng down 0.54% ASX up 0.16%<\/li>\n\n\n\n<li>Commodities : Gold at $2524.35 (-0.29%), Silver at $28.75 (-0.71%), Brent Oil at $77.30 (-0.29%), WTI Oil at $74.12 (-0.18%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.917, UK 10-year yield at 4.055, Germany 10-year yield at 2.3325<\/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>(GBP) BRC Retail Sales Monitor y\/y&nbsp; 0.8% vs 0.3% 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 as investors evaluated South Korea&#8217;s inflation data for August, which showed the lowest year-on-year increase since March 2021. The country&#8217;s consumer price index (CPI) rose by 2% compared to the previous year, down from July&#8217;s 2.6% and matching the expectations of a Reuters poll of economists. On a month-on-month basis, the CPI increased by 0.4%, slightly above the 0.3% forecasted.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 dipped by 0.15% in afternoon trading, while the Topix index rose by 0.42%. South Korea&#8217;s Kospi index fell by 0.34%, and the smaller Kosdaq index dropped by 0.66%. Australia&#8217;s S&amp;P\/ASX 200 also edged down by 0.16%.<\/p>\n\n\n\n<p>Mainland China&#8217;s CSI 300 saw a slight gain as it attempted to recover from a seven-month low reached on Monday, while Hong Kong&#8217;s Hang Seng index declined by 0.37%.<\/p>\n\n\n\n<p>Meanwhile, U.S. markets were closed on Monday due to the Labor Day holiday. However, futures tied to the major U.S. indexes were down ahead of Tuesday&#8217;s session. The Dow Jones Industrial Average futures slipped by 57 points, or 0.14%, while S&amp;P 500 futures decreased by 0.12%, and Nasdaq-100 futures fell by 0.26%.<\/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>2:00 PM GMT &#8211; USD ISM Manufacturing PMI<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD ISM Manufacturing Prices<\/li>\n\n\n\n<li>2:00 PM GMT &#8211; USD Construction Spending m\/m<\/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-67874","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\/67874","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=67874"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/67874\/revisions"}],"predecessor-version":[{"id":67878,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/67874\/revisions\/67878"}],"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=67874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=67874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=67874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}