TOKYO (AP) — Global shares mostly rose Tuesday, as the market mood turned positive from the overnight rally on Wall Street.
France's CAC 40 added nearly 0.2% in early trading to 8,152.58, while the German DAX rose 0.1% to 25,609.14. Britain's FTSE 100 edged up nearly 0.1% to 10,746.70. U.S. shares were set to be mixed, with Dow futures up nearly 0.1% to 52,504.00, while S&P 500 futures fell less than 0.1% to 7,829.50.
Australia's S&P/ASX 200 added 0.3%
to 8,757.80. South Korea's Kospi rose 0.2% to 7,017.91. Hong Kong's Hang Seng gained 0.2% to 25,087.75, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,952.13. Tokyo markets were closed for an extended holiday and trading will resume Thursday.
Wall Street climbed to the edge of its all-time high Monday. Stocks have been getting help from the recent decline in oil prices.
In energy trading, benchmark U.S. crude fell 2.07% to $93.80 a barrel. Brent, the international standard, lost 0.58% to $99.76 a barrel.
That’s still much higher than its roughly $72 price from earlier this summer, but it’s down from the nearly $110 it touched last week.
Oil prices have been swinging as some crude passed through the Strait of Hormuz to get to customers, though nowhere near as much as the industry would like because of conflicts in the Middle East.
Global markets are also getting a boost recently from AI stocks, which continue to strengthen after their worldwide slide at the start of last week. Leaders of the industry have recently warned a slowdown is needed in the industry’s development for the safety of humanity.
In currency trading, the U.S. dollar edged down to 157.15 Japanese yen from 157.31 yen. The euro cost $1.1460, down from $1.1469.
___
AP Business Writer Stan Choe contributed to this report.
___
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
