---
title: "What happened overnight – Friday 4th October 2024"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-10-04T06:43:24+00:00"
modified: "2024-10-04T06:43:24+00:00"
date: 2024-10-04
canonical: "https://www.share-talk.com/what-happened-overnight-friday-4th-october-2024/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["AI-focused", "Asian market", "Asian markets", "Bank of Japan", "Bank of New York", "bond market", "china", "chips", "currency", "Dow Jones", "JP Morgan", "Nvidia", "Russia", "semiconductor", "Shenzhen Composite Index", "South Korea", "US recession", "USA", "Wall Street"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/09/WORLD-750x406-1-1.webp?fit=750%2C406&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# What happened overnight – Friday 4th October 2024

**Published:** October 4, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** AI-focused, Asian market, Asian markets, Bank of Japan, Bank of New York, bond market, china, chips, currency, Dow Jones, JP Morgan, Nvidia, Russia, semiconductor, Shenzhen Composite Index, South Korea, US recession, USA, Wall Street
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/09/WORLD-750x406-1-1.webp?fit=750%2C406&quality=80&ssl=1)

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Asian stocks climbed, while oil prices were on track for their sharpest weekly gain in over a year as rising tensions in the Middle East continued to unsettle markets.

Hong Kong’s Hang Seng Index surged 2.2% to 22,600.62, buoyed by ongoing optimism surrounding China’s massive stimulus measures.

The index is heading for a weekly gain of over 9% and has risen 22% since Beijing initiated rate cuts on September 24. It is now up about 32% for the year, overtaking Taiwan to become Asia’s best-performing stock market.

In Japan, the Nikkei edged up 0.3%, but is on course for a weekly decline of around 3%. Japanese stocks have experienced a volatile week as investors balanced rising geopolitical risks with the domestic interest rate outlook.

On Wall Street, the Dow Jones Industrial Average dropped 0.4% to 42,011.59, the S&P 500 slipped 0.2% to 5,699.96, and the Nasdaq Composite remained mostly flat, closing at 17,918.48.

In the bond market, yields on benchmark 10-year U.S. Treasury notes increased to 3.85% from 3.80% on Wednesday.

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