{"id":119377,"title":"What happened overnight – Monday 3rd February 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-02-03T07:28:52+00:00","modified":"2025-02-03T07:28:52+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-monday-3rd-february-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-monday-3rd-february-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-monday-3rd-february-2025.json","category":"B2B","categories":["B2B","Blogs","Exclusive Interviews","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asia-Pacific index","Asian market","Asian markets","Asian trading","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","Brent Crude","china","chips","currency","Dow Jones","Federal Reserve","Hong kong","India","Jakarta","Japan","JP Morgan","Manila","Nikkei","Nvidia","Russia","semiconductor","Sensex","Seoul","shanghai","Shenzhen Composite Index","Singapore","South Korea","Sydney","Taipei","Treasury yields","U.S. bond market","U.S. dollar","U.S. stocks","U.S. Treasury","US recession","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/01/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asia’s markets mostly declined amid rising concerns that President Donald Trump may impose tariffs on key US trading partners.\n\nJapan’s Nikkei 225 dropped 2.7% to 38,520.09, and Australia’s S&P/ASX 200 fell 1.8% to 8,379.40. South Korea’s Kospi slid 2.5% to 2,453.95, while Hong Kong’s Hang Seng dipped 0.3% to 20,159.56, and China’s Shanghai Composite edged down 0.1% to 3,250.60.\n\nOn Wall Street, the previous week ended in losses. The S&P 500 declined 0.5%, the Nasdaq composite fell 0.3%—marking its first weekly drop in three weeks—and the Dow Jones Industrial Average dropped 0.8%. About 75% of the stocks in the S&P 500 closed lower, with technology and energy companies leading the sell-off.\n\nIn energy markets, US benchmark crude oil increased by $1.10 to $73.63 per barrel, while Brent crude, the international benchmark, rose 40 cents to $76.07 per barrel.\n\nIn currency trading, the US dollar gained slightly, moving to 155.55 Japanese yen from 155.18 yen, and the euro declined to $1.0226 from $1.0363.\n\nAfter President Donald Trump warned over the weekend that tariffs on Europe “will definitely happen,” the euro tumbled by as much as 2.3% against the US dollar, falling to a low of $1.0125—its weakest point since November 2022.\n\nMeanwhile, the US dollar experienced a robust surge, rising by up to 0.8% to hit an all-time high of 7.3765 Chinese yuan in offshore trading, while onshore markets remain closed for the holidays. It also appreciated by as much as 2.8% against the Mexican peso, reaching 21.2547 pesos—the strongest level recorded since March 2022—and gained 1.4% to C$1.4755, a rate not seen since 2003."}