Global shares mostly rise as Japan and other markets return to calm
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Global shares traded mostly higher Tuesday, as the Tokyo benchmark bounced back and calmed after last week's plunge. France's CAC 40 edged up nearly 0.2% in early trading to 7,263.55, while Germany's DAX rose 0.3% to 17,778.44. Britain's FTSE 100 fell 0.1% to 8,201.62. U.S. shares were set to drift higher with Dow futures rising 0.3% to 39,593.00. S&P 500 futures added 0.4% to 5,391.75. In Asia, Japan's benchmark Nikkei 225 jumped 3.5% to finish at 36,232.51. Australia's S&P/ASX 200 rose nearly 0.2% to 7,826.80. South Korea's Kospi gained 0.1% to 2,621.50. Hong Kong's Hang Seng added 0.4% to 17,174.06, while the Shanghai Composite rose 0.3% to 2,867.95. In Tokyo, computer chip issues were in demand, with Tokyo Electron surging 6.2%, echoing the strong performance of technology-related issues on Wall Street. Investors also seemed to be cheered by how the yen's recent volatility appeared to be calming. Although a cheap yen is a boon for Japan's major exporters, like Toyota Motor Corp., by boosting the value of overseas earnings when translated into yen, a cheap currency erodes a nation's purchasing power.



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