Global shares recover, attempt to disregard U.S. tech decline
Asian share markets and U.S. stock futures advanced on Tuesday. This followed after European markets made a minimal rebound, with investors weighing if high-flying U.S. technology-related shares could recuperate from their recent retreat.
Japan’s benchmark index Nikkei recorded a 0.4% gain. This came after revised data confirmed that the country slid into its sharpest postwar decline, with business spending suffering from the coronavirus pandemic worse than previously thought.
China’s blue-chip index recorded a 0.2% earning, while Hong Kong’s Hang Seng index jumped 0.6%. The series of earnings came despite U.S. President Donald Trump’s warning of disengaging the economy of the United States from China’s.
Elsewhere, Australian shares recorded two consecutive sessions of gains, advancing 0.8% as investors’ sentiment grew on vaccine-related breakthroughs.