· Wall Street’s main indexes posted record closing highs on Monday after President Donald Trump said an initial U.S.-China trade pact would be signed soon, while Boeing gave the Dow a big boost after the planemaker ousted its chief executive officer.
The Dow Jones Industrial Average .DJI rose 96.44 points, or 0.34%, to 28,551.53, the S&P 500 .SPX gained 2.79 points, or 0.09%, to 3,224.01 and the Nasdaq Composite .IXIC added 20.69 points, or 0.23%, to8,945.65.
Additionally, China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year.
· Asia markets were little changed in Tuesday morning trade following another record session on Wall Street.
The Nikkei 225 in Japan was largely flat in early trade, while the Topix index was fractionally higher. In South Korea, the Kospi dipped slightly.
Meanwhile, shares in Australia were little changed in morning trade, with the S&P/ASX 200 flat. The Australian markets are set to close early at about 11:10 a.m. HK/SIN on Tuesday for Christmas Eve.
Stocks in Hong Kong are also set to end their trading day early at 12:00 p.m HK/SIN on Tuesday.
Shares of Apple suppliers regionally were mixed on Tuesday morning. Japan Display was up 1.28% while South Korea’s LG Display slipped 0.63%.
The moves came following the Cupertino-based tech giant’s 1.6% stock jump on Monday stateside after Wedbush Securities’ Dan Ives — Apple’s biggest bull on Wall Street — raised his price target to $350 a share, 25%higher than where the stock currently trades.
Reference: CNBC, Reuters
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