{"id":116587,"title":"What happened overnight – Thursday 12th September 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-09-12T06:22:39+00:00","modified":"2024-09-12T10:30:08+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-thursday-12th-september-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-thursday-12th-september-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-thursday-12th-september-2024.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asian market","Asian markets","Bank of Japan","Bank of New York","china","chips","currency","JP Morgan","Nvidia","Russia","semiconductor","US recession","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/09/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian shares mostly rose following gains on Wall Street, driven by a few influential Big Tech companies.\n\nJapan’s benchmark Nikkei 225 surged in early trading, climbing 2.8% to 36,605.62, though these sharp gains partially reflected earlier significant declines.\n\nA weaker yen benefited some stocks by increasing the value of overseas earnings when converted back to yen. As a result, Toyota saw a 2.8% increase, while Nintendo inched up 1.2%.\n\nIn currency markets, the US dollar slipped 0.1% against the British pound, which is currently valued at $1.305.\n\nNippon Steel shares remained mostly unchanged after a group of Japan’s leading companies sent a letter to US Treasury Secretary Janet Yellen, voicing concerns about potential “political interference” in Nippon Steel’s planned acquisition of US Steel.\n\nShares of US Steel ended nearly 7% higher the previous day.\n\nElsewhere, Australia’s S&P/ASX 200 rose 0.7% to 8,041.10. Hong Kong’s Hang Seng climbed 1% to 17,283.46, while the Shanghai Composite was mostly flat at 2,720.40.\n\nOn Wall Street, markets rebounded from an earlier sell-off to close higher yesterday. The Dow Jones Industrial Average rose 0.3% to 40,861.71, the S&P 500 gained 1.1% to 5,554.12, and the Nasdaq Composite added 2.2% to 17,395.53.\n\nYields on benchmark 10-year US Treasury notes inched up to 3.66% from 3.65% late on Tuesday."}