Asian markets were mostly up on Tuesday following another positive day on Wall Street, though Chinese shares didn’t perform well.
U.S. futures and oil prices also rose slightly.
Tokyo’s Nikkei 225, which reopened after a national holiday, surged 1.5% to 38,784.91, while South Korea’s Kospi climbed 1.9% to 2,728.05.
Hong Kong’s Hang Seng fell 0.9% to 18,420.38, and China’s Shanghai Composite edged down 0.1% to 3,136.62. Data on travel, retail spending, and home sales during the Golden Week holidays indicated ongoing economic challenges.
Australia’s S&P/ASX 200 gained 0.7% to 7,739.00 ahead of an upcoming interest rate decision by the central bank.
Taiwan’s Taiex rose 0.3%, and India’s Sensex was nearly unchanged as the country entered the third phase of its national election process.
On Monday, the S&P 500 increased 1% to 5,180.74. The Dow Jones Industrial Average rose 0.5% to 38,852.27, and the Nasdaq composite climbed 1.2% to 16,349.25.
The NYSE (Via Donald Tse/Shutterstock)
Technology stocks were prominent, led by Nvidia and Super Micro Computer, which drove the market higher despite recent setbacks. Nvidia has surged 86.1% this year, boosted by enthusiasm for artificial intelligence technology following Monday’s 3.8% gain. Super Micro has risen 192.1% after a 6.1% increase.
Berkshire Hathaway rose 1% after reporting its latest quarterly results over the weekend.
However, Spirit Airlines fell 9.7% after reporting a slightly larger loss than anticipated. The airline noted heightened competition, especially on routes between the United States and Latin America.
Apple declined 0.9% after news that Berkshire Hathaway reduced its stake in the company.
