Global Stocks Edge Higher

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Global shares boosted on Tuesday as stocks in the tech industry settled higher on Monday and as the concerns over North Korea alleviate.

Asian Stocks

Asian stocks rose to almost two-year highs with MSCI’s broadest index of Asia- Pacific shares outside Japan gaining 0.3 percent to 149.40 while Japan’s Nikkei 225 (N225) got a 0.7 percent increase to ¥19,452 ($173.45).

South Korea’s tech giant Samsung Electronics earned 0.6 percent to  ₩2,245 on Monday providing the country’s KOSPI (KS11) a 0.6 percent closing high to ₩2,219 ($1.96).

Taiwan Semiconductor Manufacturing closed 1 percent higher to $33.40.

Hong Kong’s Hang Seng (HSI) increased 0.1 percent to HK$24,659 ($3,168) while Shanghai’s Composite Index (SSEC) closed with a 0.3 percent decline to CN¥3,143 ($455.73) on Tuesday.

Tencent Holdings was up 1.8 percent to HK$248 ($31.87) on Monday.

India’s Nifty 50 (NSEI) got a 0.07 percent gain to ₹9,310 ($145.05) whereas BSE Sensex 30 (BSESN) was down 0.10 percent to ₹29,887 ($465.64).

Jakarta’s Stock Exchange Composite Index (JKSE) was up 0.04 percent to Rp5,687 ($4.27).

Australia’s S&P/ASX 200 (AXJO) ended its session with a 0.10 percent cut to AU$5,950 ($4,480).

European Stocks

European shares are growing as well on Tuesday after the market holiday on Monday with Britain’s FTSE 100 (FTSE) gaining 0.4 percent to £7,237 ($9,311) and Germany’s DAX (GDAXI) going up by 0.2 percent to €12,468 ($13,601).

France’s CAC 40 (FCHI) also rose 0.2 percent to €5,277 ($5,760) while Italy’s FTSE MIB (FTMIB) earned 0.5 percent to €20,727 ($22,621).

Euro Stoxx 50 (STOXX50E) was up 0.08 percent to €3,563 ($3,889) on Tuesday.

Spain’s IBEX 35 grew 0.4 percent to €10,764 ($11,747).

US Stocks

Wall Street indices on Monday presented S&P 500 (SPX) with a 0.1 percent high to $2,388 while the NASDAQ Composite (IXIC) gave a record closing high of 0.7 percent to $6,091.Nasdaq 100 (NDX) also rose 0.8 percent to $5,629.

However, Dow Jones Industrial Average (DJI) closed the session on Monday with a 0.1 percent cut to $20,913. The US Dollar Index is steady at $98.98.

According to Yukino Yamada, strong demand for various products associated with the so-called Internet of Things (IoT) in which standard products are connected to networks, are what supporting the hi-tech demand.

The world’s five tech giants by market capitalization all received gains within one day with Amazon Inc on the lead gaining as much as 2.5 percent to $948 followed by Google parent Alphabet Inc receiving 0.9 percent boost to $932.

Tagging along Google was Apple Inc. raising 2.04 percent to $146 who was then followed by Facebook Inc with 1.47 percent high to $152.

Concerns over North Korea’s nuclear program eased on Monday due to US President Donald’s Trump statement on Monday saying that he would be willing to meet with North Korean leader Kim Jong Un but under the right circumstances.

Commodities

Even though tensions over the North Korean peninsula has alleviated, gold futures is still gaining on Tuesday with 0.08 percent high to $1,256. Silver also edged up 1 percent to $17.023 while copper fell 1 percent to $2.626.

Oil prices were also up with crude WTI adding 0.3 percent to $48.99 a barrel while Brent rose 0.5 percent to $51.78 a barrel.

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