TOKYO (AP) — Global shares traded mostly higher Tuesday, as the Tokyo benchmark bounced back and calmed after last week’s plunge. France's CAC 40 edged up nearly 0.2% in early trading to 7,263.
55, while Germany's DAX rose 0.3% to 17,778.44.
Britain's FTSE 100 fell 0.1% to 8,201.62.
U.S. shares were set to drift higher with Dow futures rising 0.
3% to 39,593.00. S&P 500 futures added 0.
4% to 5,391.75. In Asia, Japan’s benchmark Nikkei 225 jumped 3.
5% to finish at 36,232.51. Australia’s S&P/ASX 200 rose nearly 0.
2% to 7,826.80. South Korea’s Kospi gained 0.
1% to 2,621.50. Hong Kong’s Hang Seng added 0.
4% to 17,174.06, while the Shanghai Composite rose 0.3% to 2,867.
95. In Tokyo, computer chip issues were in demand, with Tokyo Electron surging 6.2%, echoing the strong performance of technology-related issues on Wall Street.
Investors also seemed to be cheered by how the yen's recent volatility appeared to be calming. Although a cheap yen is a boon for Japan’s major exporters, like Toyota Motor Corp., by boosting the value of overseas earnings when translated into yen, a cheap currency erodes a nation’s purchasing power.
The U.S. dollar rose to 147.
74 yen from 147.17 yen. The euro cost $1.
0925, down from $1.0935. “Global geopolitical developments, such as tensions in East Asia, ongoing conflicts in Eastern Europe, or disruptions in global trade, could further impact the dollar’s performance,” said Luca Santos, currency analyst at ACY Securities.
Last week, Ja.