{"id":115272,"title":"What happened overnight – Friday 5th July 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-07-05T06:38:37+00:00","modified":"2024-07-05T06:38:37+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-friday-5th-july-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-friday-5th-july-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-friday-5th-july-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Australia","china","Dow Jones Industrial Average","Hang Seng","Hong kong","Japan","Korean","markets","NASDAQ","Nasdaq Composite index","S&P 500","South Korea","Stock Markets","Taiwan","Tokyo","US stocks","US Treasury bonds","Wall Street","Yen"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/WORLD-750x406-1.webp?fit=750%2C406&ssl=1","format":"news","language":"en-GB","content":"Asian shares were mostly lower following strong gains in Europe overnight, while the FTSE 100 climbed in premarket trading after Labour’s overwhelming election victory.\n\nJapan’s benchmark Nikkei 225 rose above 41,000 but then retreated from Thursday’s record close of 40,913.65.\n\nIn Tokyo, the government reported that higher prices dampened consumer sentiment more than anticipated in May, leading to a 1.8% decline in household spending.\n\nChinese markets showed notable weakness, with Hong Kong’s Hang Seng falling 1.1% to 17,823.67 and the Shanghai Composite index dropping 0.9% to 2,929.98. The Shanghai benchmark has been trading near its lowest levels since February.\n\nIn Seoul, the Kospi surged 1.3% to 2,860.26 after Samsung Electronics forecast a more than fifteenfold increase in its second-quarter operating profit compared to the previous year, reaching 10.4 trillion won ($7.52 billion).\n\nLike Nvidia, Taiwan’s TSMC, Tokyo Electron, and other chip makers, Samsung is benefiting from a resurgence in the semiconductor industry as artificial intelligence applications proliferate.\n\nElsewhere in the region, Australia’s S&P/ASX 200 slipped 0.2% to 7,820.20. Taiwan’s Taiex inched up 0.1%, and Bangkok’s SET rose 0.2%.\n\nWith US markets closed on Thursday, attention shifted to Britain, where FTSE 100 futures were up 0.2% as the Labour Party was poised for a landslide victory in the general election."}