{"id":114351,"title":"What happened overnight – Tuesday 14th May 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-05-14T06:59:50+00:00","modified":"2024-05-14T06:59:50+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-tuesday-14th-may-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-tuesday-14th-may-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-tuesday-14th-may-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Dow Jones Industrial Average","Hang Seng","Hong kong","Nasdaq Composite index","S&P 500","South Korea","Stock Markets","Taiwan","Tokyo","US stocks","US Treasury bonds","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/04/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian stock markets displayed mixed performance in subdued trading as US stock indexes showed minimal movement, pending the upcoming release of inflation data.\n\nIn Japan, the Nikkei 225 index briefly advanced before stabilizing just above its opening level, with a slight increase of less than 0.1%, reaching 38,194.38.\n\nThe Australian S&P/ASX 200 index declined by 0.2%, closing at 7,731.40. Meanwhile, South Korea’s Kospi index barely moved, inching up by less than 0.1% to 2,726.76.\n\nIn Hong Kong, the Hang Seng index rose slightly by less than 0.1% to 19,115.78, whereas the Shanghai Composite in mainland China decreased by nearly 0.3% to 3,139.89.\n\nLuca Santos, a market analyst at ACY Securities, commented on the economic significance of the day, highlighting the release of consumer price data from Germany and producer costs from the US. “Although these indices focus on different aspects, they both provide insights into the impact of inflation on society,” he stated.\n\nIn the US, stock indexes hovered near their record highs. The S&P 500 saw a minimal drop of less than 0.1% to 5,221.42, fluctuating between slight gains and losses throughout the day, yet remaining close to its record high set at the end of March.\n\nThe Dow Jones Industrial Average fell by 0.2% to 39,431.51, while the Nasdaq Composite index experienced a rise of 0.3%, ending at 16,338.24.\n\nIn the bond market, yields on US Treasury bonds saw a slight decline. The yield on the benchmark 10-year US Treasury bond fell to 4.48% from 4.50% the previous Friday."}