· Stock futures are mixed after Dow closes at record
U.S. stock index futures were mixed during early morning trading on Tuesday after the Dow Jones Industrial Average closed at a record high.
Futures contracts tied to the Dow advanced 65 points. S&P 500 futures traded above the flatline, while Nasdaq 100 futures were in negative territory.
During regular trading, the Dow erased a 160-point loss to close 98 points higher. The S&P 500 and Nasdaq finished in the red, however, dipping 0.09% and 0.6%, respectively. The moves came amid the continued fallout after a hedge fund was forced to liquidate its position in several media stocks.
· Asia shares mixed as broader worries about U.S. hedge fund default ease
Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.
Wall Street pared earlier losses driven by the banking sector on fears that issues with a defaulting hedge fund could spread throughout the banking sector.
In Asia, the MSCI’s broadest index of Asia-Pacific shares outside Japan was marginally higher by 0.08% in early in the session Tuesday.
Hong Kong’s Hang Seng Index was up 0.36% to 28,440 but in Australia a weaker tone emerged when the S&P/ASX200 slid 0.4% to its lowest point for a week.
Mainland China’s CSI300 index is 0.18% higher in early trade while Japan’s Nikkei is off 0.1%.
· Japan's Topix falls as shares go ex-dividend; Nikkei gains
Japan's Topix ended lower on Tuesday, dragged down by stocks that went ex-dividend, while the Nikkei inched up as investors bought back the benchmark after its underperformance against Topix following the Bank of Japan's decision to only buy Topix-linked exchange traded funds.
The Topix lost 0.78% to close at 1,977.86, while the Nikkei index snapped early losses to inch up 0.16% to end at 29,432.70.
· China stocks end higher as new energy, healthcare shares shine
China shares climbed more than 1% on Tuesday, underpinned by gains in new energy and healthcare stocks, as investors cheered upbeat corporate earnings.
The blue-chip CSI300 index rose 1.0%, to 5,094.73, while the Shanghai Composite Index added 0.6 to 3,456.68. Both indexes were up for a third straight session.
· China bonds set for billions of inflows after FTSE index inclusion
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index, starting later this year, setting the stage for billions of dollars of inflows into the world’s second-largest economy.
· European stocks climb, tracking improving U.S. sentiment
European stocks advanced on Tuesday following a recovery from market jitters in the U.S. late last week.
The pan-European Stoxx 600 gained 0.5% in early trade, led by a 1.6% rebound for banks as almost all sectors and major bourses entered positive territory.
Global markets appear to be stabilizing following market nervousness in the U.S. which overshadowed market sentiment last Friday.
Reference: CNBC, Reuters
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