Asian Markets Asian shares rose on Tuesday as remarks by Chinese President Xi Jinping helped soothe investor jitters over US-China trade tensions. The MSCI’s broadest index of Asia-Pacific shares gaining 0.5 per cent on the day. South Korea's KOSPI rose 0.3 per cent, while Japan's Nikkei was up 1.1 per cent. Wall Street Wall Street's major indexes rose on Monday as a softer stance by US policymakers on China tariffs powered a rebound from last week's selloff, but stocks pared much of their gains late in the session after a report that the Federal Bureau of Investigation raided the office of US President Donald Trump's lawyer. The Dow Jones Industrial Average rose 46.34 points, or 0.19 per cent, to 23,979.10, the S&P 500 gained 8.69 points, or 0.33 per cent, to 2,613.16 and the Nasdaq Composite added 35.23 points, or 0.51 per cent, to 6,950.34. Good Morning! Welcome to Business Standard's live blog on markets.
Markets are likely to open on a positive note on Tuesday taking cues from their key Asian peers.
In the global markets, US stock futures extended their gains and rose more than 1 percent in Asian hours on Tuesday as remarks by Chinese President Xi Jinping helped soothe investor jitters over US-China trade tensions.
In his speech, Xi said China will take the initiative to expand imports this year and "work hard" to import products that are required by the population.
The S&P 500 E-mini futures rose 1.0 per cent, and Asian shares also pushed higher, with the MSCI’s broadest index of Asia-Pacific shares gaining 0.5 per cent on the day. South Korea's KOSPI rose 0.3 per cent, while Japan's Nikkei was up 1.1 per cent.
Wall Street's major indexes rose on Monday as a softer stance by US policymakers on China tariffs powered a rebound from last week's selloff, but stocks pared much of their gains late in the session after a report that the Federal Bureau of Investigation raided the office of US President Donald Trump's lawyer.
The Dow Jones Industrial Average rose 46.34 points, or 0.19 per cent, to 23,979.10, the S&P 500 gained 8.69 points, or 0.33 per cent, to 2,613.16 and the Nasdaq Composite added 35.23 points, or 0.51 per cent, to 6,950.34.
Back home, upcoming quarterly results season, along with the release of macroeconomic data points on industrial production (IIP) and inflation, are expected to determine the trajectory of key equity indices during week.
(with wire inputs)
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