Global stock markets climbed on Tuesday, led by a rebound in technology shares, while oil prices retreated. The gains reversed some of the previous session's losses as investors returned to tech stocks.
Market performance across regions
In Asia, Japan's Nikkei 225 index rose 1.2%, recovering from a sharp drop earlier in the week. Hong Kong's Hang Seng index gained 0.8%, and South Korea's Kospi added 1.0%. European markets followed suit, with Germany's DAX up 0.9% and France's CAC 40 rising 0.7%. In the U.S., futures pointed to a higher open for the S&P 500 and Nasdaq.
Oil prices decline
Oil prices fell amid concerns about global demand. Brent crude dropped 1.5% to $74.20 per barrel, while West Texas Intermediate slid 1.6% to $69.80 per barrel. The decline came after a recent rally and as traders weighed supply levels.
Investor sentiment and outlook
According to market analysts, the tech rebound was driven by bargain hunting after last week's sell-off. "Investors are seeing value in tech after the recent pullback," said a strategist at a major investment firm. The focus remains on central bank policies and inflation data.
