Today's News Update - 23rd April 2024 Asia Asia-Pacific markets rebounded on Monday from Friday’s sell-off, buoyed by fresh data points from China, Japan, and South Korea. Hong Kong’s Hang Seng index surged nearly 2%, while mainland China’s CSI 300 slipped 0.3% post the LPR announcement. Japan’s Nikkei 225 closed 1% higher at 37,438.61, with the broader Topix index gaining 1.38% to end at 2,662.46. In Australia, the S&P/ASX 200 started the week positively, closing 1.08% higher at 7,649.20. US Stocks surged higher on Monday, recovering from recent losses, with tech shares leading the rebound and reduced tensions in the Middle East providing further support. The Dow Jones Industrial Average rose by 340 points, representing a 0.9% increase. The S&P 500 gained 1.1%, while the Nasdaq Composite advanced by 1.4%. Both the S&P 500 and Nasdaq were poised to break a six-day losing streak. Chipmaker Nvidia, a favorite in artificial intelligence circles, rebounded strongly with a 4% gain after experiencing a nearly 14% decline last week, marking its worst performance since September 2022. Commodity Crude oil futures dipped on Monday following Iran's statement that it would not escalate tensions with Israel. The West Texas Intermediate contract for May declined by 29 cents to $82.85 per barrel, while June Brent futures also fell by 29 cents to $87 per barrel. Both U.S. crude oil and Brent saw a 3% decrease last week. Meanwhile, gold prices experienced a more than 2% drop to reach a one-week low on Monday. The easing concerns about a broader conflict in the Middle East led investors to reduce safe-haven positions in gold and favor riskier assets like equities. Spot gold decreased by 2.5% to $2,330.30 per ounce, marking its largest intra-day decline in over a year. U.S. gold futures also fell by 2.9% to $2,344.10. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex