{"id":33075,"date":"2019-02-28T18:21:44","date_gmt":"2019-02-28T07:21:44","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=33075"},"modified":"2019-02-28T18:21:44","modified_gmt":"2019-02-28T07:21:44","slug":"thursday-28th-february-asian-markets-mostly-lower-trump-kim-jong-un-summit-cut-short","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/thursday-28th-february-asian-markets-mostly-lower-trump-kim-jong-un-summit-cut-short\/","title":{"rendered":"Thursday 28th February: Asian markets mostly lower; Trump &#8211; Kim Jong Un summit cut short"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.91%, Shanghai Composite down 0.44%, Hang Seng down 0.63%, ASX up 0.30%<\/li>\n<li>Commodities : Gold at $1321.05 (-0.01%), Silver at $15.69 (+0.10%), Brent Oil at $66.25 (-0.50%), WTI Oil at $56.74 (-0.35%)<\/li>\n<li>Rates : US 10-year yield at 2.664, UK 10-year yield at 1.273, Germany 10-year yield at 0.147<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(CNY) Non-Manufacturing PMI 54.3 vs 54.5 expected<\/li>\n<li>(CNY) Manufacturing PMI 49.2 vs 49.5 expected<\/li>\n<li>(AUD) Private Capital Expenditure q\/q 2.00% vs 0.80% expected<\/li>\n<li>(NZD) ANZ Business Confidence -30.9 vs -24.1 previous<\/li>\n<li>(CAD) Trimmed CPI y\/y 1.90% vs 1.90% expected<\/li>\n<li>(CAD) Median CPI y\/y 1.80% vs 1.80% expected<\/li>\n<li>(CAD) Common CPI y\/y 1.90% vs 1.90% expected<\/li>\n<li>(CAD) CPI m\/m 0.10% vs 0.20% expected<\/li>\n<li>(AUD) Construction Work Done q\/q -3.10% vs 0.60% expected<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly lower on Thursday following the mixed cues overnight from Wall Street after comments by U.S. Trade Representative Robert Lighthizer dampened recent optimism about the U.S.-China trade talks. Data showing that China&#8217;s manufacturing sector shrank in February for the third straight month and rising India-Pakistan tensions also weighed on investor sentiment.<\/p>\n<p>Mainland Chinese stocks were lower in afternoon trade, with the Shanghai composite declining 0.4 percent, while the Shenzhen component traded flat. Hang Seng traded lower by 0.6 percent. Japan&#8217;s Nikkei 225 declined by 0.9 percent, Topix by 0.79 percent, while Australia&#8217;s ASX 200 recovered from earlier losses to end its trading day higher by 0.3 percent.<\/p>\n<p>In currency markets, the dollar index against a basket of six major currencies stood little changed at 96.097. The index had edged up 0.1 percent on Wednesday, pulling away from a three-week trough as Treasury yields rose ahead of the release of U.S. fourth-quarter GDP data later on Thursday.<\/p>\n<p>Crude rallied after U.S. inventories unexpectedly plummeted and as Saudi Arabia brushed aside comments from U.S. President Donald Trump seeking to keep oil prices from climbing.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>All Day &#8211; (EUR) German Prelim CPI m\/m<\/li>\n<li>02:00 PM GMT &#8211; (USD) FOMC Member Clarida Speaks<\/li>\n<li>02:30 PM GMT &#8211; (CAD) Current Account<\/li>\n<li>02:30 PM GMT &#8211; (CAD) RMPI m\/m<\/li>\n<li>02:30 PM GMT &#8211; (USD) Advance GDP q\/q<\/li>\n<li>02:30 PM GMT &#8211; (USD) Advance GDP Price Index q\/q<\/li>\n<li>03:45 PM GMT &#8211; (USD) Chicago PMI<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.91%, Shanghai Composite down 0.44%, Hang Seng down 0.63%, ASX up 0.30% Commodities : Gold at $1321.05 (-0.01%), Silver at $15.69 (+0.10%), Brent Oil at $66.25 (-0.50%), WTI Oil at $56.74 (-0.35%) Rates : US 10-year yield at 2.664, UK 10-year yield at 1.273, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/thursday-28th-february-asian-markets-mostly-lower-trump-kim-jong-un-summit-cut-short\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 28th February: Asian markets mostly lower; Trump &#8211; Kim Jong Un summit cut short<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":33076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-33075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/33075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=33075"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/33075\/revisions"}],"predecessor-version":[{"id":33077,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/33075\/revisions\/33077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/33076"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=33075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=33075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=33075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}