Today's News Update - 10th Oct 2024 Asia Chinese stocks experienced a sell-off on Wednesday amid a volatile trading day and mixed performance across Asia-Pacific markets. The mainland CSI 300 fell 7.05%, ending a 10-day winning streak at 3,955.98, while Hong Kong’s Hang Seng index dropped 1.7% during its final trading hour. On Tuesday, the HSI faced its worst day in 16 years, closing down 9.41%. In Japan, the Nikkei 225 rose 0.87% to 39,277.96, and the broader Topix gained 0.3%, finishing at 2,707.24. Australia’s S&P/ASX 200 increased by 0.13%, closing at 8,187.4. US Stocks climbed for a second consecutive session on Wednesday, with the S&P 500 and Dow Jones Industrial Average reaching record highs, driven by a surge in technology stocks as investors dismissed geopolitical worries. The S&P 500 rose 0.71% to close at 5,792.04, achieving an all-time high, while the Nasdaq Composite gained 0.6% to finish at 18,291.62. The Dow jumped 431.63 points, or 1.03%, to settle at a record 42,512.00. Commodity Gold prices declined for the sixth consecutive day on Wednesday, driven by a rising dollar and reduced expectations for a significant rate cut in November. Spot gold fell 0.5% to $2,607.70 per ounce, while U.S. gold futures for December delivery decreased by 0.3% to $2,626.90. U.S. crude oil also edged lower after a sharp drop in the previous session. The rally fueled by concerns over a potential wider conflict in the Middle East has stalled amid uncertainty regarding Israel's response to last week’s ballistic missile strike from Iran. Additionally, the lack of new economic stimulus measures from Chinese policymakers this week contributed to holding energy prices steady. 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