{"id":117968,"title":"What happened overnight – Thursday 28th November 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-11-28T08:34:07+00:00","modified":"2024-11-28T08:34:07+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-thursday-28th-november-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-thursday-28th-november-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-thursday-28th-november-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asian market","Asian markets","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. 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/2024/10/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian markets showed mixed performance following declines on Wall Street, driven by losses in technology stocks.\n\nJapan’s Nikkei 225 rose 0.6% to 38,358.68, while Australia’s S&P/ASX 200 gained 0.5% to 8,444.30. In South Korea, the Kospi remained mostly flat at 2,503.91 after the central bank lowered its benchmark interest rate to alleviate economic pressures.\n\nThe Bank of Korea cut its key rate by 0.25 percentage points to 3%, while revising its economic growth forecast downward. Growth expectations for 2024 were adjusted from 2.4% to 2.2%, and for 2025 from 2.1% to 1.9%.\n\nIn China, equities declined as investors locked in gains from recent rallies. Hong Kong’s Hang Seng Index dropped 1.3% to 19,345.02, and the Shanghai Composite slipped 0.4% to 3,295.41.\n\nU.S. markets are closed today for Thanksgiving and will reopen for a shortened session on Friday. On Wednesday, Wall Street indices fell, with the Dow Jones Industrial Average down 0.3% to 44,722.06, the S&P 500 losing 0.4% to 5,998.74, and the Nasdaq Composite declining 0.6% to 19,060.48.\n\nIn the bond market, the yield on the U.S. 10-year Treasury note decreased to 4.248% from 4.302% on Tuesday."}