South Korea’s Kospi rose 0.5% to 2,361.43. Hong Kong’s Hang Seng slipped nearly 0.1% to 25,162.38, while the Shanghai Composite was little changed at 3,409.43.
Shares fell in
Investor sentiment was lifted by better-than-expected economic data overnight.
“A positive tone had been assumed by
Investors will be looking for more clues on the state of the economic recovery this week, including the monthly
The S&P 500 jumped 0.8% to 3,526.65. The index set several new highs last month. The Dow Jones Industrial Average recovered from early losses, climbing 0.8% to 28,645.66.
The Nasdaq composite rose 1.4%, to 11,939.67. The Russell 2000 index of smaller company stocks also bounced back from an sluggish start, adding 16.71 points, or 1.1%, to 1,578.58.
Encouraging data as broad swaths of the economy have reopened this summer have helped stoke investor optimism about a recovery.
Traders have been favoring technology stocks as the pandemic has dragged on, forcing millions of people to rely more than ever on internet-connected devices and online services for work, home schooling and communication.
Apple climbed 4% Tuesday. It’s up more than 82% this year.
AP Business Writer