{"id":119462,"title":"What happened overnight – Wednesday 5th February 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-02-05T09:13:21+00:00","modified":"2025-02-05T09:14:50+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-wednesday-5th-february-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-wednesday-5th-february-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-wednesday-5th-february-2025.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","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","format":"news","language":"en-GB","content":"Asian markets stumbled and gold reached a new record high as investors kept a close watch on the tariff exchanges between China and the United States.\n\nAfter a week-long break, Shanghai and Hong Kong were among the biggest losers. E-commerce companies in the region suffered after news emerged that the US Postal Service would suspend inbound parcels from China and Hong Kong.\n\nDespite a boost from Wall Street—where relief was felt after President Donald Trump secured a deal to delay 25% duties on imports from Canada and Mexico—the overall market performance remained subdued.\n\nAnalysts noted that although trade tensions between Washington and Beijing have intensified, China’s comparatively measured approach offers hope that a full-blown crisis might be averted.\n\nIn Hong Kong, the market fell by more than 1%, with e-commerce giant JD.com dropping nearly 4% and rival Alibaba also slipping after the postal suspension was announced. Trump’s tariff announcement on China also removed an allowance that had previously exempted small packages (valued under $800) from duties, though letters and flat mail were not affected.\n\nShanghai’s market experienced a decline as it reopened, while other markets—including Singapore, Wellington, Mumbai, Bangkok, and Jakarta—also retreated. Meanwhile, Sydney, Seoul, Taipei, and Manila recorded gains. In Tokyo, earlier losses were reversed; however, Nissan plunged 4.9% after reports that it had withdrawn from merger talks with Honda, whose shares subsequently surged more than 8%.\n\nGold hit a new high at $2,866.54 per ounce as investors flocked to the safe-haven metal.\n\nOn Wall Street, the S&P 500 rose 0.7%, the Dow Jones Industrial Average added 0.3%, and the tech-heavy Nasdaq Composite surged 1.4% after the temporary avoidance of tariffs on Mexico and Canada. In the bond market, the yield on benchmark 10-year US Treasury notes dropped to 4.510% from 4.569% late Monday."}