{"id":127823,"title":"What happened overnight – Tuesday 7th October 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-10-07T07:44:32+00:00","modified":"2025-10-07T07:44:32+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-tuesday-7th-october-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-tuesday-7th-october-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-tuesday-7th-october-2025.json","category":"B2B","categories":["B2B","Blogs","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","European Union","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 dollar","US recession","US treasuries","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/09/overnight-1-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Political turmoil in **France and Japan** continued to dominate global markets for a second straight day, unsettling currency and bond investors even as optimism around technology stocks persisted.\n\nGlobal equities were mixed despite a multi-billion-dollar chip supply agreement between **AMD** and **OpenAI**.\n\nIn France, the unexpected resignation of **Prime Minister Sebastien Lecornu** deepened the country’s political crisis, rattling investor confidence. French bond futures slipped slightly in Asian trading after heavy losses on Monday, while the **euro** eased **0.2%** to just below **$1.17**.\n\nIn Japan, the election of **Sanae Takaichi** as leader of the ruling party lifted the **Nikkei** to another record high, as markets bet her likely appointment as prime minister would usher in a new wave of fiscal stimulus and continued loose monetary policy. The **yen** weakened beyond **150 per dollar**, hitting a two-month low, while Japanese government bond yields rose.\n\nMarkets in **Hong Kong** and **China** were closed for a holiday, while the **MSCI Asia-Pacific ex-Japan index** gained **0.4%**.\n\nIn currency trading, the **US dollar** strengthened, supported by weakness in both the euro and yen. **Sterling** slipped **0.1%** to **$1.3470**, and the **Australian dollar** edged down **0.1%** to **$0.6612**.\n\nOn **Wall Street**, the **Dow Jones Industrial Average** dipped **0.1%** to **46,700.45**, while the **S&P 500** gained **0.4%** to **6,745.46**, and the **Nasdaq Composite** climbed **0.9%** to **22,974.63**.\n\nAfter the close of US trading, the government announced it would purchase a 10% stake in **Trilogy Metals**, a Canadian miner with assets in Alaska — sending the company’s **shares up 215%** in after-hours trading.\n\nIn the bond market, yields on **10-year US Treasuries** were steady at around **4.152%** late Monday."}