Australia

Australian shares are set to open higher, after falls in US tech stocks drove a mixed session on Wall Street.

ASX futures were up 0.5% or 36 points as of 8:00am on Tuesday, suggesting a higher open.

In the US, technology stocks continued to pull back from recent highs dragging on the major indexes, while other sectors posted gains.

DJIA gained 260 points, or 0.7%, to 39,411, while the S&P 500 slipped 0.3% to 5,447 and the Nasdaq dropped 1.1% to 17,496.

In commodity markets, Brent crude oil was up 0.9% to US$86.01 a barrel, while gold was flat at US$2,333.86.

In local bond markets, the yield on Australian 2 Year government bonds was up at 4.02% while the 10 Year yield was unchanged at 4.21%. US Treasury notes were down, with the 2 Year yield at 4.72% and the 10 Year yield at 4.23%.

The Australian dollar was 66.54 US cents, up from its previous close of 66.39. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was down at 100.14.

Asia

Chinese shares declined, weighed by software and property stocks. The benchmark Shanghai Composite Index closed 1.2% lower at 2,963.10, the Shenzhen Composite Index fell 2.3% and the ChiNext Price Index declined 1.4%. Investors are awaiting the industrial profit data due later this week for clues on China's economic recovery. Among major stocks, Poly Developments & Holdings fell 1.8% and Hygon Information Technology declined 4.1%. Gainers included CATL, which added 1.0% and Midea Group, which gained 1.45%.

Hong Kong's Hang Seng Index erased losses in late trading to close flat at 18,027.71. Investor sentiment may have been weighed by the Chinese yuan's weakness against the U.S. dollar, Sonija Li, head of retail research at Maybank Investment Bank, says in a note. "Market believes depreciation pressure might continue until there are stronger signals of a broader dollar weakening trend." This week's focus could be on the yuan trend, Li says. Among decliners, SMIC fell 3.4%, Haidilao shed 2.8% and Lenovo lost 2.7%. Meanwhile, Midea Real Estate ended 70% higher after plans to spin off its property-development business. Other advancers included Budweiser Brewing Co. APAC, which rose 3.2%, and WH Group, which added 3.0%.

Japanese stocks ended higher, led by gains in auto stocks, as the yen has weakened recently. Toyota Motor climbed 2.5% and Honda Motor gained 1.7%. Meanwhile, Mitsubishi UFJ Financial Group gained 2.1% and Resona Holdings added 2.2%, as the 10-year Japanese government bond yield rose 1.5 basis points to 0.990%. The Nikkei Stock Average advanced 0.5% to 38,804.65. Investors are focusing on any warnings by Japanese officials against the yen's recent sharp depreciation.

Indian shares ended slightly higher, supported by power and financial stocks. The benchmark Sensex rose 0.2% to 77,341.08. With the world's largest population and a massive labor force, India should be poised to benefit from a further de-emphasis of China in the global supply chain, and seems appealing as a long-term investment destination, said Saira Malik, chief investment officer of Nuveen, in a note. Power Grid Corp. of India rose 2.2% and NTPC was 0.85% higher. ICICI Bank added 1.0% and HDFC Bank gained 0.4%. Among losers, Reliance Industries dropped 0.8% and Tata Steel was 1.1% lower.

Europe

Stocks in the U.K. rose Monday, as the FTSE 100 Index rose 0.5% to 8281.55.

Among large companies, Prudential PLC was the biggest gainer during the session, surging 7.3%, and Britvic PLC surged 7.1%. Victrex PLC rounded out the top three movers on Monday, as shares surged 5.2%.

Oxford Nanopore Technologies PLC posted the largest decline, dropping 5.5%, followed by shares of Ninety One PLC, which fell 2.6%. Shares of Alpha Group International PLC fell 2.4%.

In Europe, shares closed higher, with the STOXX Europe 600 Index up 0.7% to 518.87, Germany's DAX gained 0.9% to 18,325.58 and France's CAC 40 added 1.0% to 7,706.89.

North America

Technology stocks continued to pull back from recent highs dragging on the major indexes, while other sectors posted gains.

DJIA gained 260 points, or 0.7%, to 39,411, while the S&P 500 slipped 0.3% to 5,447 and the Nasdaq dropped 1.1% to 17,496.

Nvidia shares lost another 6.7% after briefly becoming the largest market cap stock in the U.S. last week.

The Dow Industrials gained led by Amgen, Goldman Sachs and Chevron and nine of the 11 S&P 500 sector rose.

Energy was the best performing sector, climbing 2.7%, as oil prices rose on a tightening supply and demand outlook.