{"id":122312,"title":"What happened overnight – Wednesday 7th May 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-05-07T06:28:47+00:00","modified":"2025-05-07T06:28:47+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-wednesday-7th-may-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-wednesday-7th-may-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-wednesday-7th-may-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","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 recession","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/04/overnight.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian equities and the U.S. dollar rose following news of an upcoming meeting between senior U.S. and Chinese trade officials.\n\nIn Tokyo, the Nikkei 225 inched up 0.1% to 36,870.46, while Hong Kong’s Hang Seng jumped 0.5% to 22,767.94 as investors remained cautious ahead of the Federal Reserve’s rate decision later today.\n\nMainland China’s blue-chip CSI 300 index gained 0.2%, closing at 3,816.80. Earlier strength in regional currencies faded, with South Korea’s won falling sharply and China’s recent rate cut putting pressure on the yuan.\n\nIn New York, U.S. stock markets pulled back. The Dow Jones Industrial Average slid 1.0% to 40,829.00, the S&P 500 dropped 0.8% to 5,606.91, and the Nasdaq Composite lost 0.9% to 17,689.66.\n\nDemand for U.S. Treasuries remained solid. A strong 10-year note auction lifted prices, nudging the yield down to 4.31% from 4.34% late Monday.\n\nElsewhere, the UK stock market’s historic rally continues, with the FTSE 100 rising for a 16th consecutive session—its longest winning streak on record. London’s blue-chip index closed up 1 point, or 0.07%, at 8,597 today, adding to the momentum that began late last month.\n\nThe modest gain cements the FTSE 100’s recovery from the sharp sell-off in early April, when it tumbled to 7,544 amid panic sparked by Donald Trump’s “Liberation Day” tariff announcement. Gold miners led the charge, with Endeavour Mining jumping 5.2% and Fresnillo up 4.7%.\n\nSupermarket chain Sainsbury’s also performed strongly, rising 3.4%. The rebound gathered pace after President Trump delayed most of the proposed tariffs by 90 days, easing investor concerns and fuelling the index’s climb."}