Asian shares are mostly higher, deriving optimism from rising technology stocks on Wall Street, led by Nvidia. Benchmarks rose in early Tuesday trading in Japan, South Korea and Australia, while sliding in Hong Kong. U.S. indexes recover more of their holiday-season slide. The S&P 500 climbed 0.
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The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges it was a political decision. Japanese leaders have also said there is scant evidence the merger poses a security concern for the U.S. Slightly more stocks fell in the S&P 500 than rose amid the mixed trading. Tech companies were the clear leaders, including those swept up in the frenzy around artificial-intelligence technology.Nvidia and other AI stocks keep climbing even as criticism rises that their stock prices have already shot too high, too fast. Despite worries about a potential bubble, the industry continues to talk up its potential.
All told, the S&P 500 rose 32.91 points to 5,975.38. The Dow Jones Industrial Average slipped 25.57 to 42,706.56, and the Nasdaq composite jumped 243.30 to 19,864.98.But in a potentially market-moving event later in the week, the Federal Reserve will release the minutes from its last policy meeting, where it cut its main interest rate for a third straight time.
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