{"id":114906,"title":"What happened overnight – Friday 14th June 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-06-14T06:54:14+00:00","modified":"2024-06-14T06:54:14+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-friday-14th-june-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-friday-14th-june-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-friday-14th-june-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Dow Jones Industrial Average","Hang Seng","Hong kong","Nasdaq Composite index","S&P 500","South Korea","Stock Markets","Taiwan","Tokyo","US stocks","US Treasury bonds","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian shares showed mixed results in subdued trading after the Bank of Japan maintained its monetary policy stance.\n\nJapan’s benchmark Nikkei 225 rose 0.7% to 38,998.04 after the Bank of Japan announced plans to gradually reduce its government bond purchases, signaling a shift from its ultra-loose monetary policy. A “detailed plan” for the reduction over the next one to two years will be decided at the next policy meeting in July.\n\nAustralia’s S&P/ASX 200 dropped 0.3% to 7,724.70, while South Korea’s Kospi inched up 0.2% to 2,759.98. Hong Kong’s Hang Seng fell 0.5% to 18,030.33, and the Shanghai Composite slipped 0.1% to 3,025.39.\n\nIn the US, the S&P 500 and Nasdaq achieved their fourth consecutive record closing highs yesterday. US Treasury yields reached their lowest levels since early April as investors balanced cooler-than-expected inflation data with the Federal Reserve’s moderated rate-cut expectations.\n\nThe Dow Jones Industrial Average, consisting of 30 leading US companies, declined 0.2% to 38,647.04. In contrast, the S&P 500 increased 0.2% to 5,433.74, and the Nasdaq Composite index rose 0.3%, closing at 17,667.56.\n\nBenchmark 10-year US Treasury bonds yielded 4.2442%, down from 4.295% late on Wednesday."}