Asian shares showed mixed results on Tuesday, with most U.S. stocks making slight gains to recover from last week's decline. Oil prices and U.S. futures also saw a modest uptick.
The Nikkei 225 in Tokyo rose by 0.4% to 38,471.58, while the Kospi in Seoul climbed 0.2% to 2,474.26. However, Chinese shares faced uncertainty due to concerns about potential tariff increases by the incoming U.S. administration and doubts about the effectiveness of recent stimulus measures to boost the economy. The Shanghai Composite index dropped by 0.9% to 3,305.09, and Hong Kong's Hang Seng experienced marginal fluctuations.
Market sentiment remained cautious, with futures showing resilience amid fears of a possible global trade conflict. In India, the Sensex surged by 1.2%, the Taiex in Taiwan jumped 1.3%, and the SET in Bangkok gained 1.1%.
On Monday, the S&P 500 recorded a 0.4% increase, marking its first positive movement in three days. The Dow Jones Industrial Average slipped by 0.1%, while the Nasdaq composite rose by 0.6%. Stocks regained momentum after a recent pullback, with sectors like banks and smaller companies benefiting from expectations of lower taxes and increased tariffs under the new administration.
Several companies made notable moves, including CVS Health, Liberty Energy, and Spirit Airlines. Investors also monitored developments related to President-elect Donald Trump's economic policies, which impacted sectors like healthcare and bond markets.
This week, key companies such as Nvidia, Lowe's, Walmart, Target, and Deere are set to report their quarterly results. Additionally, oil prices saw marginal increases, with benchmark U.S. crude at $69.18 per barrel and Brent crude at $73.34 per barrel. Currency markets saw the dollar weakening against the Japanese yen and the euro.
