Australia

Australian shares are set to open higher, after US stocks recovered.

ASX futures were up 0.43% or 36 points as of 8:30am on Wednesday, suggesting a higher open.

US stocks traded higher Tuesday following a deep selloff in shares of technology companies stocks after China's DeepSeek rattled markets with a cheaper artificial-intelligence model.

In commodity markets, Brent crude oil was up 0.67% to US$77.60 a barrel, while gold was up 0.82% to US$2,763.31.

The Australian dollar was at 62.48 US cents, down from its previous close of 62.91.

Asia

Chinese shares closed lower. The benchmark Shanghai Composite Index dropped 0.1% to 3,250.6, and the Shenzhen Composite Index slipped 1.3% to 1,911.09.

Hong Kong shares ended higher. The benchmark Hang Seng Index added 0.1% to 20,225.11.

Japanese shares closed lower. The Nikkei Stock Average declined 1.4% to 39,016.87.

India shares ended higher. The BSE SENSEX gained 0.7% to 75,901.41.

Europe

Stocks in the U.K. finished higher. The FTSE 100 Index gained 0.4% to 8,533.87.

In Europe, shares closed mixed. Germany's DAX rose 0.7% to 21,430.58, and France's CAC 40 declined 0.1% to 7,897.37.

North America

U.S. stocks ended higher. The DJIA lifted 0.3% to 44,850.35, the S&P 500 increased 0.9% to 6,067.7, and the Nasdaq gained 2% to 19,733.59.

Among S&P 500 companies, the top three gainers were Royal Caribbean Group RCL, surging 11.77%, CrowdStrike Holdings Inc CRWD jumped 9.38%, and Vistra Corp VST lifted 8.97%.

The biggest decliners were Lockheed Martin Corp LMT which dropped 9.18%, General Motors Co GM fell 8.89%, and Hewlett Packard Enterprise Co HPE lost 6.49%.