{"id":68212,"date":"2024-09-26T16:26:12","date_gmt":"2024-09-26T06:26:12","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=68212"},"modified":"2025-11-10T16:53:26","modified_gmt":"2025-11-10T05:53:26","slug":"thursday-26th-september-2024-asia-pacific-markets-rally-u-s-stocks-retreat-from-highs","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/thursday-26th-september-2024-asia-pacific-markets-rally-u-s-stocks-retreat-from-highs\/","title":{"rendered":"Thursday 26th September 2024: Asia-Pacific Markets Rally; U.S. Stocks Retreat from Highs"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Asia-Pacific Markets Rally; U.S. Stocks Retreat from Highs<br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 2.37%, Shanghai Composite up 1.94%, Hang Seng up 2.85% ASX up 0.95<\/li>\n\n\n\n<li>Commodities : Gold at $2685.35 (0.14%), Silver at $32.10 (0.54%), Brent Oil at $72.18 (-1.56%), WTI Oil at $68.16 (-1.47%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 3.788, UK 10-year yield at 3.992, Germany 10-year yield at 2.189<\/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) New Home Sales&nbsp; 716K vs 699K expected<\/li>\n\n\n\n<li>(USD) Crude Oil Inventories&nbsp; -4.5M vs -1.3M expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets surged on Thursday, led by Hong Kong\u2019s Hang Seng Index and mainland Chinese stocks, both continuing their upward trend. The Hang Seng Index climbed 3%, reaching its highest point since May, while China&#8217;s CSI 300 extended its winning streak for a seventh consecutive day, rising 1.58%. This gain came after Beijing introduced a series of economic stimulus measures earlier in the week, pushing the index to its highest level in nearly two months.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 advanced by 2.51%, with the broader Topix gaining 2.12%, following the release of the Bank of Japan&#8217;s July meeting minutes. Meanwhile, South Korea&#8217;s Kospi jumped 2.41%, driven by a strong performance from SK Hynix, which surged over 8% after announcing the start of mass production for the world\u2019s first 12-layer HBM3E chip, designed for AI memory applications. The smaller Kosdaq also gained 2.18%.Australia\u2019s S&amp;P\/ASX 200 added 0.98%, reflecting the overall positive momentum in the region.<\/p>\n\n\n\n<p>In contrast, U.S. markets experienced a mixed performance overnight. The Dow Jones Industrial Average and the S&amp;P 500 both pulled back from recent highs, losing 0.7% and 0.19% respectively, despite earlier record-setting levels. The Nasdaq Composite managed to eke out a marginal gain of 0.04%.<\/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 Final GDP q\/q<\/li>\n\n\n\n<li>12:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Asia-Pacific Markets Rally; U.S. Stocks Retreat from Highs Global Markets: News [&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-68212","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\/68212","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=68212"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/68212\/revisions"}],"predecessor-version":[{"id":68216,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/68212\/revisions\/68216"}],"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=68212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=68212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=68212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}