Investing.com - Asian stocks rose on Tuesday after solid manufacturing data published in the U.S., sending equity prices up globally on sentiment that the U.S. economy continues to recover and grow.
During Asian trading on Tuesday, Australia's S&P/ASX200 was up 0.67%, while Japan’s Nikkei 225 Index was up 0.39%. Hong Kong markets were closed on holiday.
In the U.S. earlier, the Institute of Supply Management's U.S. purchasing managers' index beat expectations in September, rising to 51.5 from 49.6 in August.
Analysts had expected the ISM manufacturing PMI to rise to 49.7 last month.
The news sparked demand for stocks worldwide, especially in Asia, which depend heavily on the U.S. for exports.
In Australia, top gainers included Saracen Mineral Holdings, up 2.65%, Esprit Holdings, up 2.41%, and HKEx, up 2.36%.
Australia's top decliners included Macquarie Atlas Roads, down 3.15%, Iluka Resources, down 2.20%, and APN News & Media, down 1.45%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.18%, while Germany's DAX 30 futures pointed to a gain of 0.15%. Meanwhile in the U.K., FTSE 100 futures were unchanged.
Dow Jones Industrial Average futures pointed to a gain of 0.05% while the S&P 500 futures were up 0.10%.
During Asian trading on Tuesday, Australia's S&P/ASX200 was up 0.67%, while Japan’s Nikkei 225 Index was up 0.39%. Hong Kong markets were closed on holiday.
In the U.S. earlier, the Institute of Supply Management's U.S. purchasing managers' index beat expectations in September, rising to 51.5 from 49.6 in August.
Analysts had expected the ISM manufacturing PMI to rise to 49.7 last month.
The news sparked demand for stocks worldwide, especially in Asia, which depend heavily on the U.S. for exports.
In Australia, top gainers included Saracen Mineral Holdings, up 2.65%, Esprit Holdings, up 2.41%, and HKEx, up 2.36%.
Australia's top decliners included Macquarie Atlas Roads, down 3.15%, Iluka Resources, down 2.20%, and APN News & Media, down 1.45%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.18%, while Germany's DAX 30 futures pointed to a gain of 0.15%. Meanwhile in the U.K., FTSE 100 futures were unchanged.
Dow Jones Industrial Average futures pointed to a gain of 0.05% while the S&P 500 futures were up 0.10%.