File: Both the Dow and S&P finished at new peaks on Friday and also posted their fourth consecutive weekly gains.NEW YORK - Asian markets mostly rose on Tuesday following fresh records on Wall Street, with healthy corporate earnings overshadowing ongoing concerns about inflation, while progress in Washington on Joe Biden's big-spending economic plans also provided support.
The S&P 500 and Dow both ended at new peaks, with tech firms lifted by a surge in electric car maker Tesla to the trillion-dollar mark ahead of the release of profit reports this week from business titans including Apple, Amazon, Microsoft and Twitter. Tokyo led gains, piling on 1.8 percent, helped by reports that Japan's ruling Liberal Democratic Party will likely win a majority in the upcoming general election.Hong Kong and Shanghai dropped following news that developer Modern Land had missed a bond payment in the latest sign of stress in China's property sector, with focus on an upcoming deadline for China Evergrande.
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Analysts back investments in food stocks aimed at low-end marketsChris Gilmour and Rod Salmon predict rising costs and pressure on consumers
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JSE lifts as investors bet on strong US corporate earningsHowever, risks from rising Covid-19 cases in China, persistent inflation and global supply-chain disruption might dampen the mood
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