{"id":56432,"date":"2023-01-11T21:08:40","date_gmt":"2023-01-11T10:08:40","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=56432"},"modified":"2025-11-11T19:31:53","modified_gmt":"2025-11-11T08:31:53","slug":"wednesday-11th-january-2023-hong-kong-markets-touch-6-month-highs","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/wednesday-11th-january-2023-hong-kong-markets-touch-6-month-highs\/","title":{"rendered":"Wednesday 11th January 2023 : Hong Kong markets touch 6 month highs"},"content":{"rendered":"<h3><span style=\"font-weight: 400;\">Global Markets:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asian Stock Markets : Nikkei up 1.03%, Shanghai Composite down 0.24%, Hang Seng up 0.54%, ASX up 0.90%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1885.85 (+0.50%), Silver at $24.03 (+1.55%), Brent Oil at $79.67 (-0.54%), WTI Oil at $74.59 (-0.71%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.574, UK 10-year yield at 3.526, Germany 10-year yield at 2.250<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">News &amp; Data:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) Leading Indicators 97.60% vs 97.50% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(JPY) 30-y Bond Auction 1.65|3.1 vs 1.48|3.0 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) Retail Sales m\/m 1.40% vs 0.60% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) CPI y\/y 7.30% vs 7.20% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(NZD) ANZ Commodity Prices m\/m -0.10% vs -4.00% previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) IBD\/TIPP Economic Optimism 42.3 vs 41.7 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) Final Wholesale Inventories m\/m 1.00% vs 1.00% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) NFIB Small Business Index 89.8 vs 91.6 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(GBP) 10-y Bond Auction 3.70|2.8 vs 3.33|2.2 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CNY) New Loans 1400B vs 1150B expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CNY) M2 Money Supply y\/y 11.80% vs 12.40% expected<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as optimism surrounding China&#8217;s reopening helped offset concerns about interest rates. US Fed Chair Jerome Powell refrained from commenting on monetary policy at a symposium. However, in his speech in Stockholm, Powell stressed the case for monetary policy independence and noted that price stability is the bedrock of a healthy economy. He emphasized the need for the central bank to be free of political influence while it tackles high inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hong Kong&#8217;s Hang Seng index was the best-performing Asian bourse on Wednesday, rallying more than 1% at a point to touch six-month highs. Japan\u00e2\u20ac\u2122s Nikkei 225 index added nearly 1%, with export-oriented stocks gaining on recent weakness in the Japanese yen. Australia\u00e2\u20ac\u2122s ASX 200 index surged 0.9% after data showed that retail sales grew more than expected in November, thanks largely to the Black Friday shopping event. Gains in technology stocks also lifted Chinese bourses, with the Shanghai Shenzhen CSI 300 and the Shanghai Composite indexes adding about 0.3% each.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crude oil prices settled higher on Tuesday, gaining for a fourth straight session, amid expectations energy demand will pick up after China decided to reopen its economy. The dollar index, which measures the dollar against six major currencies, was mostly flat at 103.21, hovering close to a seven-month low.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Upcoming Events:\u00c2&nbsp;\u00c2&nbsp;<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12:30 AM GMT &#8211; (AUD) CPI y\/y<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">06:01 PM GMT &#8211; (USD) 10-y Bond Auction<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.03%, Shanghai Composite [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":62731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-56432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/comments?post=56432"}],"version-history":[{"count":3,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56432\/revisions"}],"predecessor-version":[{"id":62775,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56432\/revisions\/62775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media\/62731"}],"wp:attachment":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media?parent=56432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=56432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=56432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}