Shares were mostly higher in Asia after US stocks closed broadly higher, as Big Tech stocks rebounded from recent sharp declines.
Tokyo’s Nikkei 225 recovered from early losses, edging up 0.1% to 39,621.28.
Chinese markets declined, with the Hang Seng in Hong Kong down 0.1% to 17,620.16, and the Shanghai Composite Index shed 0.6% to 2,946.63.
China’s central bank cut two key interest rates by 10 basis points on Monday, aiming to ease credit and stimulate the economy following a major policymaking meeting of the ruling Communist Party that focused on long-term reforms. However, these measures have yet to significantly boost the markets, where investors are looking for more aggressive short-term actions to spur faster growth.
South Korea’s Kospi advanced 0.5% to 2,777.98, while the S&P/ASX 200 jumped 0.7% to 7,987.90.
Taiwan’s Taiex surged 2.3% as Taiwan Semiconductor Manufacturing Co. gained 3.4%, rebounding from recent losses.
In Bangkok, the SET fell 0.7%.
On Wall Street, all three major indexes finished higher, led by gains in technology and communication services stocks.
Nvidia ended up nearly 5%, buoyed by news that it is working on a new AI chip for the Chinese market.
The Dow Jones Industrial Average rose 0.3% to close at 40,415.44, the S&P 500 gained 1.1% to 5,564.41, and the Nasdaq Composite increased 1.6% to 18,007.57.
US Treasury bonds were little changed as markets assessed the uncertainty surrounding the race for the White House, with yields on benchmark US 10-year bonds adding 1.7 basis points to reach 4.26%.
