{"id":69273,"date":"2024-11-29T18:17:09","date_gmt":"2024-11-29T07:17:09","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=69273"},"modified":"2025-11-10T16:37:38","modified_gmt":"2025-11-10T05:37:38","slug":"friday-29th-november-2024-asia-pacific-markets-dip-as-south-korea-slips-china-leads-gains","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-29th-november-2024-asia-pacific-markets-dip-as-south-korea-slips-china-leads-gains\/","title":{"rendered":"Friday 29th November 2024: Asia-Pacific Markets Dip as South Korea Slips, China Leads Gains"},"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 0.48%, Shanghai Composite down 1.14%, Hang Seng up 0.2% ASX down 0.1%<\/li>\n\n\n\n<li>Commodities : Gold at $2687.35 (0.94%), Silver at $31.19 (1.28%), Brent Oil at $72.74 (-0.06%), WTI Oil at $69.27 (0.29%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.234, UK 10-year yield at 4.271, Germany 10-year yield at 2.1245<\/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) Current Account -3.2B vs -8.6B expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets saw mixed performance on Friday, with most losing ground led by South Korea&#8217;s stocks following weak industrial production data. South Korea\u2019s industrial production declined by 0.3% month-on-month in October, matching September\u2019s drop. However, on a year-on-year basis, production increased by 2.3% in October, rebounding from a 1.3% fall in September.<\/p>\n\n\n\n<p>The Kospi index dropped 1.29%, and the small-cap Kosdaq fell 1.87%. In contrast, Hong Kong\u2019s Hang Seng index gained 1.29%, while mainland China\u2019s CSI 300 rose 2%, leading regional gains. The rise coincided with a Reuters poll suggesting that China\u2019s home prices may decline at a slower pace through 2025 and stabilize in 2026, as support measures take effect.<\/p>\n\n\n\n<p>Meanwhile, Japan\u2019s Tokyo inflation data showed the headline rate rebounded to 2.6% in November from 1.8% in October. Core inflation, excluding fresh food costs, rose to 2.2%, slightly exceeding expectations. Tokyo&#8217;s inflation trends are seen as a precursor for nationwide patterns. Following the release, Japan\u2019s Nikkei 225 fell 0.42%, while the Topix index slipped 0.2%.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 recorded a minor loss of 0.14%.<\/p>\n\n\n\n<p>U.S. markets remained closed on Thursday for Thanksgiving and will operate for a shortened trading session on Friday.<\/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>01:30 PM GMT &#8211; CAD GDP m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets saw mixed [&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-69273","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\/69273","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=69273"}],"version-history":[{"count":3,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/69273\/revisions"}],"predecessor-version":[{"id":69281,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/69273\/revisions\/69281"}],"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=69273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=69273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=69273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}