Stock market today: World shares mostly gain after tech stocks lead Wall St higher
Markets in Europe and Asia are mostly higher after another day of gains on Wall Street led by technology stocks
Markets in Europe and Asia forged higher Tuesday after another day of gains on Wall Street led by technology stocks.
Germany's DAX rose 0.4% to 18,401.00 and the CAC 40 in Paris edged 0.2% higher, to 8,015.58. Britain's FTSE 100 surged 1.1% to 8,300.55.
The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.1%.
In Asian trading, Tokyo's Nikkei 225 jumped 1.6% to 38,835.10. The advance was led by semiconductor companies like Tokyo Electron, which closed 4.8% higher, and Advantest, which picked up 2.2%.
The Kospi in South Korea surged 2.2% to 2,734.36, helped by big tech companies like Samsung Electronics, which racked up a 4.8% gain, and smaller rival SK Hynix, which added 3.7%.
Hong Kong's Hang Seng shed 0.5% to 18,4779.37. But the Shanghai Composite index recovered from early losses, gaining 0.2% to 3,147.74.
Australia's S&P/ASX 200 advanced 1.4% to 7,793.30 after the central bank decided to keep interest rates unchanged at 4.35%.
While the Reserve Bank of Australia has likely set the bar high for any rate hikes, it “will probably need to see several more months of soft data before it is confident that it can loosen policy settings. All told, rate cuts will likely take longer to materialize than most are anticipating," Abhijit Surya of Capital Economics said in a commentary.
Taiwan's Taiex was up 0.6%, while India's Sensex gave up 0.5% as the country began the third phase of its weeks' long national elections process.
On Monday, the S&P 500 rose 1% and the Dow industrials gained 0.5%. The Nasdaq composite jumped 1.2%.
Tech stocks were at the forefront, with familiar ringleaders Nvidia
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