· The Dow Jones Industrial Average .DJI rose 431.72 points, or 1.77 percent, to 24,874.64, the S&P 500 .SPX gained 41.38 points, or 1.57 percent, to 2,682.63 and the Nasdaq Composite .IXIC added 111.36 points, or 1.58 percent, to7,161.65.
Broad gains in the U.S. equity market boosted a measure of global stock markets on Tuesday after President Donald Trump said a “great deal” could be struck with China that would relieve fears of a growing trade war between the world’s two largest economies.
· Trump said during an interview with Fox News late on Monday that he thought there could be an agreement with China on trade. But he also said he had billions of dollars worth of new tariffs ready to be imposed if a deal was not possible.
· Stocks in Asia posted mixed results in the early hours of Wednesday trade, marking a tepid conclusion to what's been a brutal October for shares.
South Korea's Kospi was slightly lower in early trade, with shares of heavyweight Samsung Electronics rising 1.53 percent. The stock's move came on the back of the release of a record quarterly profit on Wednesday.
· Australia's benchmark ASX 200 was slightly higher in the morning as the energy sector advanced 1.04 percent and materials fell 0.51 percent.
The heavily weighted financial subindex rose 0.85 percent with the shares of Australia's so-called Big Four banks seeing gains. Among those, Australia and New Zealand Banking Group (ANZ) rose 1.4 percent after earlier reporting a 5 percent decline in full-year cash profit.
· Japan's Nikkei 225 rose 0.72 percent in early trade, while the Topix gained 0.73 percent.
Reference: Reuters, CNBC
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