The larboard astatine Busan, South Korea, successful 2020. South Korea and Japan are particularly babelike connected shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond.
SeongJoon Cho | Bloomberg | Getty Images
Asia-Pacific markets opened higher Tuesday, pursuing gains connected Wall Street that saw the Dow Jones Industrial Average and the S&P 500Nasdaq Composite scope caller grounds highs.
Investors assessed commercialized information retired of South Korea, which showed a commercialized surplus of $6.6 cardinal successful September, the aforesaid arsenic the anterior month.
South Korea's Kospi opened 0.4% higher, portion the small-cap Kosdaq was up 0.75%.
Australia's S&P/ASX 200 roseate 0.68% successful aboriginal trading.
Japan's Nikkei 225 opened 1.2% higher, portion the broad-based Topix roseate 0.9%.
Hong Kong's Hang Seng index futures were astatine 21,115, higher than the HSI's past adjacent of 21,092.87.
On Wall Street, the wide marketplace S&P climbed 0.77% to 5,859.85, portion the 30-stock Dow precocious 201.36 points to 43,065.22, ending the league supra the 43,000 people for the archetypal time.
The Nasdaq Composite added 0.87%, closing astatine 18,502.69.
— CNBC's Yun Li and Lisa Kailai Han contributed to this report.
Netflix and more: Jefferies names stocks acceptable to payment from a $60 cardinal anime boom
The popularity of anime — oregon animation produced successful Japan — has boomed successful caller years, and respective planetary amusement companies are starring in, according to Jefferies.
"Many companies are present positioning anime-related businesses arsenic halfway to their maturation strategies," the concern bank's analysts said successful an Oct. 9 equity probe note.
Looking ahead, they expect the marketplace to treble from $31.2 cardinal successful 2023 to $60.1 cardinal by 2030, based connected estimates from Grand View Research.
CNBC Pro subscribers tin click present to work much connected 3 stocks Jefferies expects to benefit.
— Amala Balakrishner
S&P 500 soars to caller grounds close
The S&P 500 notched different grounds adjacent Monday afternoon.
The wide marketplace scale roseate 0.77% and finished astatine 5,859.85. The Dow Jones Industrial Average added 0.47%, oregon 201.36 points, settling astatine 43,065.22. The Nasdaq Composite climbed 0.87% and closed astatine 18,502.69.
— Lisa Kailai Han
Why ostentation risks are rising, according to Deutsche Bank
It is inactive excessively soon to disregard rising ostentation risks, according to Deutsche Bank macro strategist Henry Allen.
In a Monday note, Allen shared 5 reasons wherefore helium believes ostentation risks are inactive mounting:
- Major cardinal banks person adopted greater-than-expected levels of near-term monetary easing.
- Commodity prices person accrued connected the backmost of China's stimulus announcements and Middle East tensions.
- U.S. information is beardown and shows the system volition apt debar a sharper downturn.
- September's CPI study came successful stronger than expected.
- Money proviso maturation is accelerating.
— Lisa Kailai Han
Nvidia heads for grounds close
Nvidia CEO Jensen Huang successful Taipei, Taiwan, connected June 2, 2024.
Ann Wang | Reuters
Nvidia shares roseate much than 2%, putting them connected way for a grounds close.
The chipmaker past traded astir $137 per share. The banal is inactive beneath its intraday all-time precocious of $140.76, which was acceptable successful June 20.
Year to date, shares are up 178%.
NVDA twelvemonth to date
— Fred Imbert
English (US) ·