---
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"
date: 2025-01-28
canonical: "https://www.share-talk.com/what-happened-overnight-tuesday-28th-january-2025/"
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"]
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"
---

# What happened overnight – Tuesday 28th January 2025

**Published:** January 28, 2025
**Author:** sharetalk
**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)

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**Asian Tech Stocks Plummet as Wall Street Leaders Decline Amid AI Market Concerns**

Asian 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.

Japan’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%.

Overall trading activity was mixed during the light Lunar New Year session on Tuesday.

In Australia, the S&P/ASX 200 remained almost unchanged, slipping slightly by 0.1% to 8,399.10.

Hong 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.

On 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.

US 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.

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