Australia

Australian shares are set to open higher, after US stocks rose to new records, boosted by the tech sector.

ASX futures were up 0.44% or 37 points as of 8:00am on Tuesday, suggesting a higher open.

Continued strength in Nvidia stock helped drive the S&P 500 and the Dow Jones Industrial Average to fresh records to kick off the week.

Investors have received a slate of good news recently. And on Monday, excitement about artificial intelligence once again powered major indexes higher.

The S&P 500 and Nasdaq added 0.8% and 0.9%, respectively. The Dow Jones Industrial Average rose 0.5%.

In commodity markets, Brent crude oil was down 1.8% to US$77.60 a barrel, while gold was down 0.4% to US$2,647.39.

The Australian dollar was at 67.22 US cents, down from its previous close of 67.49.

Asia

Chinese shares closed higher. The benchmark Shanghai Composite Index rose 2.1% to 3,284.32, and the Shenzhen Composite Index added 3.0% to 1,890.24.

Hong Kong shares ended lower. The benchmark Hang Seng Index slipped 0.7% to 21,092.87.

Japanese shares closed higher. The Nikkei Stock Average gained 0.6% to 39,605.80.

India shares ended higher. The BSE SENSEX rose 0.7% to 81,973.05.

Europe

Stocks in the U.K. finished higher. The FTSE 100 Index added 0.5% to 8,292.66.

In Europe, shares closed higher. Germany's DAX increased 0.7% to 19,508.29, and France's CAC 40 gained 0.3% to 7,602.06.

North America

U.S. stocks ended higher. The DJIA rose 0.5% to 43,065.22, the S&P 500 added 0.8% to 5,859.85, and the Nasdaq gained 0.9% to 18,502.69.

Among S&P 500 companies, the top three gainers were Vistra Corp, surging 5.56%, Amentum Holdings Inc jumped 5.50%, and Qualcomm Inc lifted 4.77%.

The biggest decliners were Dollar General Corp which dropped 3.31%, Dollar Tree Inc fell 3.10%, and CrowdStrike Holdings Inc lost 3.03%.