This photo was shot from Varanasi, India in the morning. The soft sun light touch the old building along the ganga river. “n”nVaranasi is a North Indian city on the banks of the Ganges in Uttar Pradesh. It is one of the oldest continuously inhabited cities in the world. The spiritual capital of India, it is the holiest of the seven sacred cities in Hinduism and Jainism, and played an important role in the development of Buddhism.
Photographed By Mr.anujak Jaimook | Moment | Getty Images
Asia-Pacific markets climbed Tuesday, following a massive rally on Wall Street after the U.S. and China agreed to a trade deal.
Japan’s benchmark Nikkei 225 surged 2.17% at the open, while the broader Topix index advanced 1.77%.
In South Korea, the Kospi index moved up 0.13% while the small-cap Kosdaq added 1.01% in early trade.
Australia’s S&P/ASX 200 rose 0.71%.
Futures for Hong Kong’s Hang Seng index stood at 23,403, pointing to a weaker open compared to the HSI’s last close of 23,549.46.
Investors will be paying close attention to Indian markets, which surged Monday on optimism over the India—Pakistan ceasefire. The benchmark Nifty 50 ended the day at 24,924.70, its highest level since Oct. 16, 2024, while the BSE Sensex index closed at 82,429.90, its highest since Oct. 3, 2024.
U.S. stock futures were flat after all three key benchmarks hit their best day since April 9, as investors awaited the release of an inflation report.
Overnight stateside, stocks soared as investors’ fears of a recession in the U.S., sparked by a trade war with China, were abated after the two superpowers arrived at a deal.
The Dow Jones Industrial Average surged 1,160.72 points, or 2.81%, and closed at 42,410.10. The 30-stock index ended the session near its highs of the day, with buying enthusiasm remaining strong.
Meanwhile, the broad-based S&P 500 popped 3.26% to end at 5,844.19, giving it gains of over 20% since its April intraday low at the height of tariff pessimism. The benchmark’s year-to-date losses have now narrowed to just 0.6%.
The Nasdaq Composite added 4.35% and settled at 18,708.34, as the details of the trade deal sent technology stocks with exposure to China — like Tesla and Apple — higher.
— CNBC’s Brian Evans, Yun Li and Fred Imbert contributed to this report.
