Overnight Global Markets

What Changed While You Slept?

The most important moves across global equities, futures, bonds, currencies, commodities and crypto since you were away — automatically adjusted to your timezone. See market tone, the five biggest changes, the New York → Tokyo → Hong Kong → Europe handoff and a cross-asset snapshot.

Changes since 10:00 PM UTC · 5h 46m

Global Market Tone
Bearish Tilt

Weakness in Korea, weakness in Japan and losses in China outweigh easing yields and a softer dollar.

NegativeKOSPI↓Nikkei↓Shanghai↓
PositiveUS 10Y↓USD↓
Global Change Index
75Volatile

12 assets moved significantly · avg |move| 1.65%

Global Risk Monitor: High

5 Things That Changed

1 ·

Volatility spiked

HighLarger than 87% of comparable moves in the lookback period.
VIX
15.27 → 16.87
+2pts · +10.48%

Largest move across tracked assets in the selected period.

Why this matters

A significant VIX move indicates a change in the market's expectation of near-term volatility, which affects options pricing and risk positioning.

2 ·

Korea declined

Very HighLarger than 100% of comparable moves in the lookback period.
KOSPI
6,009 → 5,531
-478pts · -7.95%

100th-percentile move for this asset versus its own history.

Why this matters

A large move in Asian futures often sets the tone for that session's open and can influence sentiment in subsequent trading zones.

3 ·

Japan sold off

Very HighLarger than 100% of comparable moves in the lookback period.
Nikkei 225
67,744 → 64,283
-3,461pts · -5.11%

Why this matters

A large move in Japanese futures often sets the tone for that session's open and can influence sentiment in subsequent trading zones.

4 ·

Bitcoin tumbled

NotableLarger than 64% of comparable moves in the lookback period.
Bitcoin
83,095 → 80,792
-$2,303 · -2.77%

Why this matters

A large crypto move can signal risk-appetite shifts, particularly among retail and institutional participants active outside traditional market hours.

5 ·

Hong Kong & China retreated

Very HighLarger than 95% of comparable moves in the lookback period.
Shanghai
3,767 → 3,693
-75pts · -1.98%
Hang Seng
24,314 → 24,008
-306pts · -1.26%

Why this matters

A large move in Asian futures often sets the tone for that session's open and can influence sentiment in subsequent trading zones.

The Market Story Changed

When You LeftNow
Asia broadly neutralKorea underperforming
US equities stableUS equities weakening
Gold stableGold rising
Oil stableOil lower
European futures firmEuropean futures mixed
US futures stableUS futures weakening
US Close
S&P 500-1.11%
Nasdaq-1.88%
Asia
Nikkei 225-5.11%
KOSPI-7.95%
Hang Seng-1.26%
Europe
DAX Fut-0.80%
FTSE Fut-0.22%
Global Handoff →

Wall Street → Asia: Asian markets opened lower after Wall Street's session finished lower.

Asia → Europe: European futures were trading lower as Asia handed over, following a lower session there.

What Happened While You Were Away

11:50 PM·Core Machinery Orders m/m🇯🇵
12:30 AM·Employment Change🇦🇺
12:30 AM·Unemployment Rate🇦🇺
2:55 AM·FOMC Member Bowman Speaks🇺🇸
3:35 AM·MPC Member Pill Speaks🇬🇧

What Happens Next

RBA Annual Report 🇦🇺in 39min
SNB Chairman Schlegel Speaks 🇨🇭in 44min
Revised Industrial Production m/m 🇯🇵in 44min
GDP m/m 🇬🇧in 2h 14m
Construction Output m/m 🇬🇧in 2h 14m
View Global Market Calendar

By Region

Americas

S&P 500-1.11%
Nasdaq-1.88%
Dow Jones-0.09%
US VIX+10.48%
View Americas

Asia

Nikkei 225-5.11%
Hang Seng-1.26%
Shanghai-1.98%
KOSPI-7.95%
View Asia

Europe

DAX Fut-0.80%
FTSE Fut-0.22%
CAC Fut+0.59%
STOXX 50 Fut-1.14%
View Europe

Futures

S&P 500 Fut-0.47%
Nasdaq Fut-1.07%
Dow Fut-0.10%
View Futures

Cross-Asset Snapshot

US 10Y Yield
5.22 → 5.19
-0.52%
NormalWithin the typical range for this asset.
Dollar Index
102.18 → 101.97
-0.20%
NormalWithin the typical range for this asset.
Brent Crude
106.06 → 104.54
-1.43%
NotableLarger than 57% of comparable moves in the lookback period.
Gold
4,108 → 4,171
+1.55%
Very HighLarger than 91% of comparable moves in the lookback period.
Bitcoin
83,095 → 80,792
-2.77%
NotableLarger than 64% of comparable moves in the lookback period.
EUR / USD
1.12 → 1.12
+0.28%
NotableLarger than 52% of comparable moves in the lookback period.
USD / JPY
158.32 → 157.75
-0.36%
NotableLarger than 53% of comparable moves in the lookback period.

Significance is relative to each asset's own historical volatility, not a fixed percentage threshold.

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This page shows the most important changes across global equities, futures, bonds, currencies, commodities and crypto since a time window you choose. Every move is measured relative to that starting point — automatically adjusted to your timezone — so you always see what happened while you personally were away, not just the standard daily open-to-close. The live scores and moves above update on load; the explanations below are always available.

How to Read This Page

What is the Global Change Index?

A composite score from 0–100 measuring how many tracked assets moved significantly during the selected window, and by how much relative to their historical norms. A higher score means more assets moved meaningfully. It is a measure of how eventful the session was — not a directional indicator, so a high reading does not say whether markets went up or down.

How significant moves are identified

Each asset's move is ranked against its own historical volatility percentile, on a four-tier scale: above the 90th percentile is Very High (), the 75th–90th is High (), the 50th–75th is Notable (), and below the 50th is Normal (). Because typical daily ranges differ, a 0.7% move in the Dollar Index is treated very differently from a 0.7% move in Bitcoin — a small percentage move can rank Very High if that asset rarely moves that much.

How global trading sessions connect

Global markets trade in sequence: New York closes, then Tokyo and Hong Kong open, then European markets begin. The Global Market Handoff shows what happened in each session and how conditions evolved around the world — without asserting that one session caused another's moves. It is a timeline, not a claim of cause and effect.

How the comparison window works

Two controls shape what you see. Perspective lets you select your region — US, Europe, India or Asia. Compare Since lets you choose a reference point: when you went to sleep, when your local market closed, the last 8 hours, or a custom time. All moves shown are relative to the selected start time, not the standard daily open-to-close.

Methodology

Global Change Index

A composite of move count and magnitude: how many tracked assets made a meaningful move during the window, combined with the average size of all moves, normalised to a 0–100 scale.

Global Risk Score

Derived from VIX direction, US Treasury yield moves, and currency stress signals. Rising volatility, large yield swings and sharp currency moves all push the score higher.

Five Things That Changed

Selected by ranking all tracked assets by percentage move × historical volatility percentile rank, then taking the top five. This surfaces moves that are both large and unusual, rather than simply the biggest raw percentage changes.

Scores reset with the window

Every score and ranking is recalculated each time the comparison window changes, so the page always reflects the exact period you selected.

Data sources

Finnhub (US equities and earnings), Alpha Vantage (US dividends and splits), EODHD (international equities and dividends), and NSE India (India corporate actions and board meetings).

Frequently Asked Questions

Why are some moves marked Large even if the percentage looks small?
Significance is relative to each asset's own volatility history, not an absolute threshold. A move that is small in percentage terms can still be unusual for an asset that rarely moves much.
Why does my timezone affect the page?
The comparison window starts from your selected reference point in your local time, so overnight moves are always shown relative to when you personally stepped away.
Is this page real-time?
Data refreshes on page load and on manual refresh. It is not a streaming ticker.
What does the Global Market Handoff show?
It shows the performance of major indices across each trading session in sequence — New York, Tokyo, Hong Kong, and Europe — so you can see how conditions evolved around the world.
Why does the page sometimes show a loading state?
The live scores and asset moves are fetched from market data providers on each load. The explanatory content on this page is always available immediately.
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