Stocks in Asia eked out modest gains Tuesday after beaten-down tech shares led the strongest session for U.S. stocks in two weeks.
Equity benchmarks rose in Japan and Australia, and futures in Hong Kong pointed higher, while U.S. contracts slipped. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, fell 0.5 percent to 10,597 as of 7:15 a.m.
Beaten-down tech shares led the strongest session for U.S. stocks in two weeks, extending the run of turbulence that has made this month one of the wildest of the past five years.
#BQMarketWrap | Technology spurs U.S. stock rebound; Treasuries decline.
European shares climbed after EU leaders and U.K. Prime Minister Theresa May agreed on a framework deal for Brexit over the weekend, but lost some steam after investors weighed the next hurdle: approval by the British parliament, which is likely to be fraught with discord.
Japan's Topix index rose 0.5 percent.
Australia's S&P/ASX 200 Index climbed 0.1 percent.
South Korea's Kospi index added 0.1 percent.
Hong Kong's Hang Seng Index futures rose 0.2 percent.
S&P 500 futures fell 0.4 percent.
Sun Pharma entered into a definitive agreement to acquire 100 percent stake in Japan based-Pola Pharma for $1 million. The pharma company said that this acquisition will give commercial presence in dermatology segment in Japan. The pharma major along with its arm enters into settlement in the Modafinil Anti-Trust Litigation in the U.S. .The company said settlements extended to all claims brought by direct purchaser Plaintiffs and the terms of the settlement are confidential.
SBI General Insurance plans IPO in 2020, Deputy CEO says.
Metropolis Healthcare gets SEBI's approval for IPO.
Tamil Nadu Newsprint and Papers to meet HDFC Fund on Nov. 27.
Ambuja Cement to meet JP Morgan AMC on Nov. 27.
Eicher Motors to meet JP Morgan Global on Nov. 27.
BSE to meet Hoskin Partners, Jupiter AMC and other investors on Nov. 27.
JM Financial promoter group Vishal Kampani acquired 1.5 lakh shares on Nov. 22.
Axis Bank promoter United India Insurance sold 58,000 shares between Nov. 19-22.
Rupee snapped its seven-day rising streak and closed at 70.87/$ on Monday versus 70.69/$ on Thursday.