{"id":124404,"title":"What happened overnight – Thursday 3rd July 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-07-03T08:52:27+00:00","modified":"2025-07-03T08:52:27+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-thursday-3rd-july-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-thursday-3rd-july-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-thursday-3rd-july-2025.json","category":"B2B","categories":["B2B","Blogs","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","European Union","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/2025/06/overnight-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Asian Markets Mixed Ahead of US Jobs Report and Trump Tax Vote**\n\nAsian stock markets were subdued on Thursday as investors awaited a crucial US jobs report and the outcome of congressional deliberations on former President Donald Trump’s proposed tax-cutting bill.\n\nOvernight, Wall Street advanced to fresh record highs after Trump revealed a new trade deal with Vietnam, featuring a 20% tariff on exports to the US—less severe than the previously threatened 46%, but still a significant hike. Vietnamese equities responded positively, with the benchmark index rising 0.5% to its highest level since April 2022. However, the Vietnamese dong slipped to a record low of 26,229 per US dollar.\n\nElsewhere in Asia, sentiment was mixed:\n\n-\n**Japan’s Nikkei 225** inched up 0.1% to 39,794.16, despite ongoing challenges in trade talks with the US.\n\n-\n**South Korea’s Kospi** rose 1% to 3,106.46, though President Lee Jae Myung cautioned that tariff negotiations remain difficult and may not conclude by next Tuesday.\n\n-\n**Australia’s S&P/ASX 200** dipped 0.1% to 8,589.30.\n\n-\n**Hong Kong’s Hang Seng** fell 1% to 23,976.41.\n\n-\n**China’s Shanghai Composite** edged up 0.1% to 3,057.36, despite data showing that the country’s services sector grew at its slowest pace in nine months during June.\n\nOn Wall Street, the **Dow Jones Industrial Average** finished flat at 44,484.42. The **S&P 500** climbed 0.5% to 6,227.42, while the **Nasdaq Composite** gained 0.9% to 20,393.13.\n\nIn the bond market, the yield on 10-year US Treasuries rose to 4.284% from 4.251% the previous evening, reflecting cautious optimism and shifting expectations ahead of key US economic data."}