Asian stocks mostly rose Tuesday after Wall Street pushed closer to record highs following its roller coaster of a summer.
In Tokyo, the Nikkei 225 stock index closed 1.8% higher at 38,062.92, recovering losses after a 1.8% drop the previous day. The yen briefly approached 145 against the U.S. dollar on Monday but then pulled back and traded at 146.94 on Tuesday.
On Monday, the S&P 500 rallied 1% for its eighth-straight gain and ended at 5,608.25. That clinched its longest winning streak since November and followed the index’s. It’s back to within 1% of its all-time high after falling close to 10% below the mark earlier this month. But an ensuing assurance from the Bank of Japan on interest rates there has helped calm the market. Several recent reports on the U.S. economy have also come in stronger than expected, covering everything fromIn energy trading, benchmark U.S. crude lost 43 cents to $73.23 a barrel. Brent crude, the international standard, gained 47 cents to $77.19 a barrel.Artisan Partners, an investment management company, released its “Artisan Select Equity Fund” second quarter 2024 investor letter.
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