On the floor of the New York Stock Exchange, traders were busy during the Opening Bell in New York City.
On Tuesday, the Asia-Pacific markets presented a mixed picture after a significant rally on Wall Street, which came after trade agreements between the US and China.
In Hong Kong, stocks experienced a downturn at the start, with the Hang Seng index dropping 1.02% and the Hang Centech index falling 1.55%. This change was quite a shift from the strong gains both indexes saw in the previous session. On the other hand, the CSI 300 index in mainland China remained flat.
In Japan, the Nikkei 225 jumped 1.85%, while the broader Topix index increased by 1.36%.
Meanwhile, South Korea’s Kospi index rose 0.26%, and the smaller Kosdaq gained 1.34%.
Turning to Australia, the S&P/ASX 200 saw an increase of 0.59%.
The Indian market captured attention, surging on Monday amid optimism following a ceasefire with Pakistan. The benchmark Nifty 50 closed at 24,924.70, the highest since October 16, 2024, while the BSE Sensex reached its own high since October 3, 2024.
In the US, stock futures were steady after three major benchmarks hit their peak since April 9, as investors awaited an inflation report.
During the previous night’s trading, stocks saw a surge as fears of a US recession due to a trade war with China faded following the trade agreement between the two powers.
The Dow Jones industrial average soared by 1,160.72 points, or 2.81%, closing at 42,410.10. This index ended near its session high and was met with strong interest from buyers.
At the same time, the S&P 500 climbed 3.26% to close at 5,844.19, bouncing back from earlier losses this year. The benchmark’s decline since January has lessened to just 0.6%.
The NASDAQ composite increased by 4.35% to settle at 18,708.34, boosted by the trade agreement that heightened interest in tech stocks such as Tesla and Apple, which have considerable exposure to China.
