{"id":28580,"date":"2018-10-12T12:10:42","date_gmt":"2018-10-12T06:40:42","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=28580"},"modified":"2018-10-12T13:02:40","modified_gmt":"2018-10-12T07:32:40","slug":"friday-12th-october-asian-markets-rebound-after-opening-lower","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/friday-12th-october-asian-markets-rebound-after-opening-lower\/","title":{"rendered":"Friday 12th October: Asian markets rebound after opening lower."},"content":{"rendered":"<h4>\n\t<strong><span style=\"font-size:14px;\">Global Markets:<\/span><\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets : Nikkei up 0.56%, Shanghai Composite up 0.53%, Hang Seng up 1.56%, ASX up 0.20%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1221.70 (-0.48%), Silver at $14.58 (-0.18%), Brent Oil at $81.19 (+1.16%), WTI Oil at $71.66 (+0.97%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 3.176, UK 10-year yield at 1.677, Germany 10-year yield at 0.536<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data<\/strong>:<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Trade Balance 213B vs 85B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(NZD) Business NZ Manufacturing Index 51.7 vs 52 previous<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 6.0M vs 2.3M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Core CPI m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) CPI m\/m 0.10% vs 0.20% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">ECB cannot come to Italy&#39;s rescue without EU bailout: sources &ndash; Reuters<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">China Trade Surplus With US Widens to Record $34.1B<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update<\/strong>:<\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asian markets clawed back some of their earlier losses in afternoon trade on Friday. China&rsquo;s stocks turned positive after dipping about 2% earlier in the day as U.S. stocks tumbled for a second day. Media reports indicated that the U.S. Treasury Department has not labelled China as a currency manipulator in an internal report. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Overnight, U.S. stocks extended losses to post their worst two-day stretch in eight months. The biggest market shakeout since February has been blamed on a series of factors, including worries about the impact of a Sino-U.S. trade war, a spike in U.S. bond yields this week and caution ahead of earnings seasons.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">China&rsquo;s Shanghai Composite and the Shenzhen Component opened lower but rebounded 0.5% and 0.2%. Hong Kong&rsquo;s Hang Seng Index also traded 1.5% higher. Official data revealed on Friday that China&rsquo;s trade surplus with the U.S. rose to CNY 213.23 billion in September, compared with markets&rsquo; estimates of CNY 136.2 billion. Exports in dollar terms rose 14.5% in September compared to the same period last year, according to the data, higher than the forecast of 8.2%. Imports climbed 14.3%.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Japan&rsquo;s Nikkei 225 gained 0.6% and the South Korea&rsquo;s KOSPI rose 1.5%. The Australian market has pared initial losses and is now modestly higher, as weakness in banks and oil stocks were almost offset by gains in mining stocks.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Gold , typically seen as a safe-haven asset at times of high uncertainty, held steady on Friday. The yield on 10-year U.S. notes edged up 3.6 basis points in Asia to 3.167 percent. It is still off its seven-year high of 3.261 percent touched on Tuesday, but a further rise in the U.S. borrowing costs could hurt risk sentiment.<\/span>\n<\/p>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Upcoming Events<\/strong>:<\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">03:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">05:30 PM GMT &#8211; (USD) FOMC Member Bostic Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><span style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: rgb(0, 114, 188); text-decoration-line: none; outline: 0px; background-color: initial;\">&amp;more&hellip;<\/a><\/span><\/span><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.56%, Shanghai Composite up 0.53%, Hang Seng up 1.56%, ASX up 0.20% Commodities : Gold at $1221.70 (-0.48%), Silver at $14.58 (-0.18%), Brent Oil at $81.19 (+1.16%), WTI Oil at $71.66 (+0.97%) Rates : US 10-year yield at 3.176, UK 10-year yield at 1.677, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/friday-12th-october-asian-markets-rebound-after-opening-lower\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 12th October: Asian markets rebound after opening lower.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":28581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=28580"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28580\/revisions"}],"predecessor-version":[{"id":28594,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/28580\/revisions\/28594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/28581"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=28580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=28580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=28580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}