Germany’s DAX added 0.4% to 18,401.00, the CAC 40 in Paris rose 0.2%, to 8,015.58, Britain’s FTSE 100 jumped 1.1% to 8,300.55, Tokyo’s Nikkei 225 climbed 1.6% to 38,835.10, the Kospi in South Korea surged 2.2% to 2,734.36, Shanghai Composite added 0.2% to 3,147.74, and Australia’s S&P/ASX 200 added 1.4% to 7,793.30
Markets in Europe and Asia were higher Tuesday after another day of gains on Wall Street led by technology stocks.
Germany’s DAX added 0.4% to 18,401.00 and the CAC 40 in Paris rose 0.2%, to 8,015.58. Britain’s FTSE 100 jumped 1.1% to 8,300.55.
The futures for the S&P 500 and the Dow Jones Industrial Average were 0.1% higher.
In Asian trading, Tokyo’s Nikkei 225 climbed 1.6% to 38,835.10. The gain was led by semiconductor firms such as Tokyo Electron, which closed up 4.8%, and Advantest, which rose 2.2%.
The Kospi in South Korea surged 2.2% to 2,734.36, helped by big tech companies like Samsung Electronics, which added 4.8%, and smaller rival SK Hynix, which advanced 3.7%.
Hong Kong’s Hang Seng lost 0.5% to 18,4779.37. But the Shanghai Composite index recovered from early losses, adding 0.2% to 3,147.74.
Australia’s S&P/ASX 200 added 1.4% to 7,793.30 after the central bank decided to keep interest rates unchanged at 4.35%.
While the RBA 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 stated in a commentary.
Taiwan’s Taiex was 0.6% higher, while India’s Sensex declined 0.5% as the country began the third phase of its weeks’ long national elections process.
On Monday, the S&P 500 gained 1% and the Dow industrials added 0.5%. The Nasdaq composite climbed 1.2%.
Tech stocks were at the forefront, with Nvidia and Super Micro Computer again pulling the market higher. They have had a couple drawbacks recently, but a frenzy around AI technology has Nvidia up 86.1% for the year so far after Monday’s 3.8% gain. Super Micro was up 192.1% after a gain of 6.1%.
