---
title: "What happened overnight – Tuesday 4th June 2024"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-06-04T07:01:38+00:00"
modified: "2024-06-04T07:01:38+00:00"
date: 2024-06-04
canonical: "https://www.share-talk.com/what-happened-overnight-tuesday-4th-june-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 4th June 2024

**Published:** June 4, 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)

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Asian shares declined after a report indicated that US manufacturing contracted in May, highlighting signs of economic slowdown.

India’s Sensex led the regional losses, plunging 4.1% to 73,496.24, as early vote counts from the country’s national election showed a lower-than-expected seat count for incumbent Prime Minister Narendra Modi’s party. However, his National Democratic Alliance was still comfortably leading its closest rival.

Japan’s Nikkei 225 index dropped 0.2% to 38,837.46, while Seoul’s Kospi fell 0.8% to 2,660.69.

Hong Kong’s Hang Seng was the exception, rising 0.5% to 18,494.28, whereas the Shanghai Composite index slipped 0.1% to 3,076.96.

Australia’s S&P/ASX 200 decreased 0.3% to 7,740.80, and Taiwan’s Taiex declined 0.8%.

On Monday, US stocks had a mixed finish.

The S&P 500 inched up 0.1% to 5,283.40, despite most stocks in the index falling. The Dow Jones Industrial Average dropped 0.3% to 38,571.03, while the Nasdaq Composite gained 0.6% to 16,828.67.

Australian and New Zealand bonds rallied, following gains in Treasuries after weak US data increased expectations for a Federal Reserve rate cut.

Treasuries rose across the curve on Monday after data showed factory activity contracting at a faster rate with output near stagnation, leading 10-year yields to drop 11 basis points to 4.39%. Australia’s equivalent yield fell six basis points in early Tuesday trading, and New Zealand’s slipped seven basis points.

Asian currencies, including the Malaysian ringgit and South Korean won, strengthened.

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