Today's News Update - 9th Aug 2024 Asia Asia-Pacific markets mostly declined amid volatile trading. The CSI 300 in Mainland China reversed its earlier losses to end the day nearly unchanged at 3,342.94. Similarly, Hong Kong's Hang Seng index also finished flat in its final trading hour. In its final trading hour, Hong Kong's Hang Seng index had risen by 1.3% to 16,866.51, while Mainland China's CSI 300 closed the day flat at 3,341.49 following the release of Chinese trade figures. US Stocks rose on Thursday after new labor market data improved investor confidence in the U.S. economy, recovering from a significant market sell-off earlier in the week. The S&P 500 gained 2.3%, closing at 5,319.31, marking its best performance since November 2022. The Dow Jones Industrial Average jumped 683.04 points, or 1.76%, to 39,446.49. The Nasdaq Composite increased by 2.87%, finishing at 16,660.02. Commodity U.S. crude oil futures climbed over 1% on Thursday, surpassing $76 per barrel, as favorable labor data alleviated recession concerns and ongoing tensions in the Middle East further pushed prices up. Gold prices also increased by more than 1% on Thursday, driven by strong safe-haven demand and expectations for a significant interest rate cut by the U.S. Federal Reserve in September. Spot gold rose 1.27% to close at $2,463.30. 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