{"id":117820,"title":"What happened overnight – Wednesday 20th November 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-11-20T07:39:12+00:00","modified":"2024-11-20T07:39:12+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-wednesday-20th-november-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-wednesday-20th-november-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-wednesday-20th-november-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asian market","Asian markets","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","china","chips","currency","Dow Jones","Federal Reserve","JP Morgan","Nvidia","Russia","semiconductor","Shenzhen Composite Index","South Korea","Treasury yields","U.S. bond market","U.S. stocks","U.S. Treasury","US recession","USA","Wall Street","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/10/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian markets traded cautiously as investors awaited third-quarter earnings results from Nvidia, a leading player in artificial intelligence.\n\nThe company, valued at $3.6 trillion, will report its results after the market close. Nvidia shares rose 4.9% on Tuesday, with options pricing suggesting a potential 9% swing in either direction, underscoring its role as a key indicator of the tech sector’s pivot to AI.\n\nThe MSCI Asia-Pacific index (excluding Japan) dipped 0.1%, while Japan’s Nikkei fell 0.2%. In contrast, Chinese markets outperformed, with mainland blue-chip stocks rising 0.4% and the Hang Seng Index in Hong Kong edging up 0.1%, as the People’s Bank of China left benchmark lending rates unchanged, in line with expectations.\n\nBitcoin remained above $92,000 after briefly surpassing $94,000 overnight, fueled by optimism about a potential crypto-friendly stance from Donald Trump’s administration. Investors are also closely monitoring his expected announcement of a Treasury Secretary pick, which could come as early as today.\n\nOn Wall Street, the S&P 500 gained 0.4% to close at 5,916.98, the Dow Jones Industrial Average slipped 0.3% to 43,268.94, and the Nasdaq Composite advanced 1% to 18,987.47.\n\nIn the bond market, U.S. 10-year Treasury yields declined slightly, falling to 4.402% from Monday’s close of 4.409%."}