Stock market today: Asian shares mostly higher as Chinese stocks are lifted by latest stimulus

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Yoon Suk Yeol,World News,U.S. News

Shares are mostly higher in Asia after a slide for market superstar Nvidia helped pull U.S. stock indexes below their latest records.

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Currency traders smile near a screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 10, 2024. FILE - A sign marks the intersection of Wall Street and South Street in New York's Financial District on Nov. 26, 2024. Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 10, 2024. – Shares in Asia were mostly higher on Tuesday as Chinese shares were buoyed by an apparent shift in Beijing toward easier credit and other forms of stimulus for the sluggish economy.The Shanghai Composite index surged 1.6% to 3,456.

U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai.arrive. Economists expect Wednesday’s report to show consumer inflation was little changed last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level.

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