---
title: "What happened overnight – Tuesday 2nd July 2024"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-07-02T06:42:19+00:00"
modified: "2024-07-02T06:42:19+00:00"
date: 2024-07-02
canonical: "https://www.share-talk.com/what-happened-overnight-tuesday-2nd-july-2024/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Asian", "Australia", "china", "Dow Jones Industrial Average", "Hang Seng", "Hong kong", "Japan", "Korean", "markets", "NASDAQ", "Nasdaq Composite index", "S&P 500", "South Korea", "Stock Markets", "Taiwan", "Tokyo", "US stocks", "US Treasury bonds", "Wall Street", "Yen"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# What happened overnight – Tuesday 2nd July 2024

**Published:** July 2, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Asian, Australia, china, Dow Jones Industrial Average, Hang Seng, Hong kong, Japan, Korean, markets, NASDAQ, Nasdaq Composite index, S&P 500, South Korea, Stock Markets, Taiwan, Tokyo, US stocks, US Treasury bonds, Wall Street, Yen
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1)

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Asian stocks showed mixed results after Wall Street stocks advanced and US bond yields surged following a Supreme Court ruling that former presidents have broad immunity from prosecution.

The Japanese yen dropped to a near 38-year low, trading at 161.66 yen per dollar early Tuesday.

Tokyo’s Nikkei 225 index rose by 1.1% to 40,062.42, as the weaker yen boosted export-oriented shares.

Australia’s S&P/ASX 200 fell by 0.4% to 7,719.30, and South Korea’s Kospi declined by 0.9% to 2,778.32, despite data showing consumer inflation in South Korea slowed to an 11-month low in June.

Hong Kong’s market was up following a holiday break, with the Hang Seng increasing by 0.6% to 17,819.50, while the Shanghai Composite Index remained nearly unchanged at 2,995.78.

Elsewhere, Taiwan’s Taiex gained 0.6%, and Bangkok’s SET index decreased by 0.6%.

On Wall Street, all three major indexes ended higher in a volatile session, with gains led by technology, consumer discretionary, and banking stocks.

Investors are also watching the impact of the Supreme Court’s decision, which likely postpones a criminal case against Donald Trump until after the November election.

The Dow Jones Industrial Average rose by 0.1% to 39,169.52, the S&P 500 increased by 0.3% to 5,475.09, and the Nasdaq Composite climbed by 0.8% to 17,879.30.

Benchmark 10-year US Treasury yields reached their highest level since mid-June at the beginning of a holiday-shortened week, which is expected to see low trading volumes. The yield increased to 4.46% from 4.39% on Friday and 4.29% on Thursday.

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