{"id":119190,"title":"What happened overnight – Tuesday 28th January 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-01-28T08:19:09+00:00","modified":"2025-01-28T08:19:09+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-tuesday-28th-january-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-tuesday-28th-january-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-tuesday-28th-january-2025.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Exclusive Interviews","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","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/2025/01/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Asian Tech Stocks Plummet as Wall Street Leaders Decline Amid AI Market Concerns**\n\nAsian technology shares took a significant hit following drops among Wall Street’s top performers, as a Chinese competitor raised questions about the recent artificial intelligence (AI) market surge.\n\nJapan’s premier index, the Nikkei 225, decreased by 1.5% to 38,959.05. Within Japan’s tech sector, SoftBank experienced a continued decline, falling 6%, and Hitachi plunged 7%. Conversely, Fujitsu and Sony saw their stocks recover. Tokyo Electron, a key player in computer chip manufacturing, dropped sharply by 5.5%.\n\nOverall trading activity was mixed during the light Lunar New Year session on Tuesday.\n\nIn Australia, the S&P/ASX 200 remained almost unchanged, slipping slightly by 0.1% to 8,399.10.\n\nHong Kong’s Hang Seng Index edged up marginally by 0.1% to 20,225.11. Markets in South Korea, Shanghai, and other regional areas remained closed due to holidays.\n\nOn Wall Street, the Dow Jones Industrial Average rose by 0.7% to 44,713.58. In contrast, the S&P 500 fell by 1.5% to 6,012.28, and the technology-heavy Nasdaq Composite declined by 3.1% to 19,341.83.\n\nUS Treasury yields plummeted to their lowest levels of the year as investors sought the safety of government bonds. The benchmark 10-year yield fell by 9.1 basis points to 4.54% from 4.59% late Friday, leading to a weaker dollar. Safe-haven currencies benefited the most from this movement."}