· Each of Wall Street’s three major averages kicked off the trading week with record closes on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment.
The Dow Jones Industrial Average .DJI rose 189.77 points, or 0.68%, to 28,065.39, the S&P 500 .SPX gained 23.29 points, or 0.75%, to 3,133.58 and the Nasdaq Composite .IXIC added 112.60 points, or 1.32%, to 8,632.49.
· Stocks in Asia traded higher in Tuesday morning trade following record finishes overnight on Wall Street.
In Japan, the Nikkei 225 added 0.83% in early trade as shares of index heavyweight and robot maker Fanuc jumped 2.36%. The Topix index gained 0.65%, while South Korea’s Kospi edged 0.22% higher.
Meanwhile, shares in Australia gained in morning trade as the S&P/ASX 200 advanced about 0.68%. Shares of Westpac jumped more than 1.7% after the firm announced the resignation of its CEO and early retirement of its chairman. Shares of the lender have seen strong movements in recent days as the company is rocked by a money-laundering scandal.
Overall, the MSCI Asia ex-Japan index traded 0.19% higher.
Reference: CNBC, Reuters
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