Australia

The ASX is set to open higher this morning, after Tesla shares led US markets.

ASX futures were up 0.2% or 12 points as of 8:30am on Tuesday, suggesting a higher open.

US stocks closed higher Monday, with Tesla Inc. (TSLA) fueling the S&P 500 index's gains while the Dow Jones Industrial Average rose for a third straight day. The S&P 500 gained 0.7%, while the Dow ended 0.3% higher and the Nasdaq Composite climbed 1.1%, according to preliminary data from FactSet.

The S&P 500's consumer-discretionary sector, which includes electric-car maker Tesla, was the best-performing of the index's 11 sectors on Monday with a sharp rise of around 2.8%.

The S&P 500 and technology-heavy Nasdaq each booked back-to-back gains.

In commodity markets, Brent crude oil fell 0.01% to US$90.64 a barrel while gold was flat at US$1,922.86.

In local bond markets, the yield on Australian 2 Year government bonds were up at 3.85% while the 10 Year yield was up at 4.16%. US Treasury notes were higher, with the 2 Year yield at 4.99% and the 10 Year yield at 4.29%.

The Australian dollar was higher at 64.27 US cents from its previous close of 63.77. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, edged down to 98.88.

Asia

Chinese shares closed higher after the country's latest economic data showed signs of stability. Consumer prices rose 0.1% on year in August after falling 0.3% in July. Meanwhile, Chinese banks' loan issuance in August beat expectations, as Beijing tapped financial institutions to step up support for the economy. Beijing Kingsoft Office Software rose 3.6% and Foxconn Industrial Internet gained 2.0%. China Tourism Group Duty Free put up 1.7%. The benchmark Shanghai Composite Index closed 0.8% higher at 3142.78, the Shenzhen Composite Index rose 0.9% and the tech-heavy ChiNext Price Index advanced 0.65%.

Hong Kong shares closed lower, weighed by financial and real estate stocks. The benchmark Hang Seng Index closed 0.6% lower at 18096.45. The Hang Seng Properties Index tracking Hong Kong developers fell 3.3% after reports that major lender HSBC plans to raise mortgage rates in Hong Kong, weighing on property-market sentiment. Sun Hung Kai Properties plunged 9.5% following the proposed mortgage-rate raise and lower-than-expected FY 2023 earnings. Hong Kong Exchanges & Clearing slid 9.5%. China Evergrande Group surged 20% amid continued volatility among Chinese developers. Alibaba Group dropped 2.7% after cloud business CEO Daniel Zhang stepped down. The Hang Seng Tech Index fell 0.2%. Health technology stocks lifted the market, with JD Health rising 4.2% and Alibaba Health Information Technology up 6.05%.

Japanese stocks ended lower as the 10-year government bond yield hit a nine-year high. Bank of Japan Gov. Kazuo Ueda said in an interview with local daily Yomiuri that ending negative interest rates would be an option if price gains look sustainable. The Nikkei Stock Average fell 0.4% to 32467.76 as declines in real-estate and tech stocks more than offset gains in financial shares. The 10-year Japanese government bond yield rose 6 basis points to 0.705%, its highest level since January 2014. Investors are focusing on any follow-ups on Ueda's views on the policy outlook.

Indian shares gained for the seventh straight session, despite concerns over rising oil prices and inflation. Investors await the US CPI data due Wednesday to assess the likelihood of the Federal Reserve holding rates steady at its upcoming September meeting. India's benchmark Sensex ended 0.8% higher at 67127.08, with almost all stocks on theindex closing in the green. Power and bank stocks led gains. Adani Power surged 7.9% and NHPC advanced 3.5%. Axis Bank rose 2.0% and Bank of Baroda climbed 2.6%.

Europe

In Europe, indexes rose, with the STOXX Europe 600 Index rising 0.3% to 456.21, the CAC 40 Index up 0.5% to 7278.27, and the DAX up 0.4% to 15800.99.

The FTSE 100 Index was up 0.3% to 7496.87.

North America

US stocks closed higher Monday, with Tesla Inc. (TSLA) fueling the S&P 500 index's gains while the Dow Jones Industrial Average rose for a third straight day. The S&P 500 gained 0.7%, while the Dow ended 0.3% higher and the Nasdaq Composite climbed 1.1%, according to preliminary data from FactSet.

The S&P 500's consumer-discretionary sector, which includes electric-car maker Tesla, was the best-performing of the index's 11 sectors on Monday with a sharp rise of around 2.8%.

The S&P 500 and technology-heavy Nasdaq each booked back-to-back gains.