---
title: "What happened overnight – Tuesday 21st May 2024"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-05-21T08:06:52+00:00"
modified: "2024-05-21T08:06:52+00:00"
date: 2024-05-21
canonical: "https://www.share-talk.com/what-happened-overnight-tuesday-21st-may-2024/"
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"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# What happened overnight – Tuesday 21st May 2024

**Published:** May 21, 2024
**Author:** sharetalk
**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/2024/05/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1)

---

Asian stocks mostly declined on Tuesday, despite gains in most U.S. stock indices, particularly in technology sectors like Nvidia.

In Japan, the Nikkei 225 index saw a slight increase of 0.2% to 39,141.08. Conversely, Australia’s S&P/ASX 200 dropped by 0.2% to 7,851.90.

South Korea’s Kospi index decreased by 0.4% to 2,732.26. In Hong Kong, the Hang Seng plummeted by 2.1% to 19,233.09, and the Shanghai Composite fell by 0.4% to 3,159.90.

Investors in Asia remain attentive to developments regarding the Chinese economy’s health. S&P Global Market Intelligence recently upgraded its growth forecast for this year to 4.8% from 4.7% in April, though it maintained a cautious outlook.

In the U.S., the Nasdaq Composite reached a new high on Monday, and the S&P 500 saw modest gains, driven by a surge in technology stocks ahead of Nvidia’s earnings report expected on Wednesday. Investors are also monitoring the Federal Reserve’s decision-making on interest rate cuts.

The Nasdaq Composite rose by 0.65% to 16,794.87, and the S&P 500 increased by 0.09% to 5,308.13. Meanwhile, the Dow Jones Industrial Average dropped by 0.49% to 39,806.77, influenced by a 4.5% fall in JPMorgan shares after CEO Jamie Dimon expressed a cautious outlook and announced the company’s decision against stock buybacks at current prices.

U.S. Treasury yields saw a slight increase after Federal Reserve officials expressed uncertainty about the timing of future rate cuts. The benchmark 10-year yield rose to 4.4453%, up from 4.42% the previous Friday.

---

**Original URL:** https://www.share-talk.com/what-happened-overnight-tuesday-21st-may-2024/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*