Asian stocks follow Wall St higher, China exports surge

Asian stocks followed Wall Street higher on Tuesday after Chinese exports rose by double digits. Investors were looking ahead to U.S. earnings  ทดลองเล่นสล็อต pg reports that are expected to show strong profits for major banks.

Shanghai, Tokyo, Hong Kong and Sydney advanced.

Overnight, Wall Street's benchmark S&P 500 index rose 0.3% to a new high, led by banks, communications and consumer-oriented stocks.

“Wall Street is bracing for a volatile week" as traders decide “whether to bet on growth or cyclicals,” Edward Moya of Oanda said in a report.

The Shanghai Composite Index rose 0.2% to 3,556.27 after Chinese customs data showed export growth in June accelerated to 32.2% over a year earlier.

China led the global recovery from the pandemic but domestic consumer and other economic activity is leveling off. China's global trade surplus swelled 11% over a year earlier to $51.5 billion. The politically sensitive surplus with the United States expanded 11% to $32.6 billion.

The Nikkei 225 in Tokyo gained 0.5% to 28,720.09 and the Hang Seng in Hong Kong added 1.9% to 28,027.48.