{"id":37455,"date":"2019-11-13T17:56:46","date_gmt":"2019-11-13T06:56:46","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=37455"},"modified":"2019-11-13T17:56:46","modified_gmt":"2019-11-13T06:56:46","slug":"wednesday-13th-november-asian-markets-fall-as-tensions-from-hong-kongs-turmoil-spills-over","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/wednesday-13th-november-asian-markets-fall-as-tensions-from-hong-kongs-turmoil-spills-over\/","title":{"rendered":"Wednesday 13th November: Asian markets fall as tensions from Hong Kong&#8217;s turmoil spills over"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.85%, Shanghai Composite down 0.41%, Hang Seng down 2.09%, ASX down 0.81%<\/li>\n<li>Commodities : Gold at $1463.15 (+0.65%), Silver at $16.92 (+1.35%), Brent Oil at $61.77 (-0.47%), WTI Oil at $56.56 (-0.42%)<\/li>\n<li>Rates : US 10-year yield at 1.921, UK 10-year yield at 0.813, Germany 10-year yield at -0.267<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(NZD) Official Cash Rate 1.00% vs 0.75% expected<\/li>\n<li>(AUD) Wage Price Index q\/q 0.50% vs 0.50% expected<\/li>\n<li>(AUD) Westpac Consumer Sentiment 4.50% vs -5.50% previous<\/li>\n<li>(EUR) German ZEW Economic Sentiment -2.1 vs -13.2 expected<\/li>\n<li>(GBP) Average Earnings Index 3m\/y 3.60% vs 3.80% expected<\/li>\n<li>China to roll out digital Yuan &#8216;in 2-3 months&#8217;<\/li>\n<li>Surprise China sovereign Euro bond issue nets EUR4 billion<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are in negative territory on Wednesday after a speech by U.S. President Donald Trump at the Economic Club of New York failed to provide any new information about the state of trade talks between the U.S. and China.<\/p>\n<p>Trump claimed the Chinese are &#8220;dying to make a deal&#8221; and an agreement is &#8220;close&#8221;, but also threatened further increases in tariffs if a trade deal is not reached. In addition, worries about the growing unrest in Hong Kong weighed on the markets.<\/p>\n<p>Mainland Chinese stocks were mixed, with the Shanghai composite down 0.4% and the Shenzhen component down 0.2%. Hong Kong\u2019s Hang Seng index led losses in the region as it fell 2.1% with shares of life insurer AIA plunging more than 3.5%. Japan\u2019s Nikkei 225 declined 0.9% in afternoon trade as shares of index heavyweight Fast Retailing fell 1.9%.Shares in Korea also saw declines, as the Kospi slipped 0.9%. Australia\u2019s S&amp;P\/ASX 200 shed 0.8% as the heavily-weighted financial subindex fell around 1%.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 98.327 after touching highs around 98.4 yesterday. The yield on benchmark 10-year Treasury notes rose slightly to 1.9260% but is likely to move in a narrow range before data due later Wednesday that is forecast to show U.S. consumer prices accelerated slightly in October.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>09:30 AM GMT &#8211; (GBP) CPI y\/y<\/li>\n<li>01:30 PM GMT &#8211; (USD) CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core CPI m\/m<\/li>\n<li>04:00 PM GMT &#8211; (USD) Fed Chair Powell Testifies<\/li>\n<li>07:10 PM GMT &#8211; (NZD) RBNZ Gov Orr Speaks<\/li>\n<li>10:50 PM GMT &#8211; (AUD) RBA Assist Gov Bullock Speaks<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.85%, Shanghai Composite down 0.41%, Hang Seng down 2.09%, ASX down 0.81% Commodities : Gold at $1463.15 (+0.65%), Silver at $16.92 (+1.35%), Brent Oil at $61.77 (-0.47%), WTI Oil at $56.56 (-0.42%) Rates : US 10-year yield at 1.921, UK 10-year yield at 0.813, Germany 10-year yield &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/wednesday-13th-november-asian-markets-fall-as-tensions-from-hong-kongs-turmoil-spills-over\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wednesday 13th November: Asian markets fall as tensions from Hong Kong&#8217;s turmoil spills over<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":37456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-37455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37455","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=37455"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37455\/revisions"}],"predecessor-version":[{"id":37457,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/37455\/revisions\/37457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/37456"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=37455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=37455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=37455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}