Asian markets up Tuesday as calm prevails
WELLINGTON, New Zealand (AP) — Asian markets opened higher Tuesday as calm continued following last week's volatility.
Japan's Nikkei 225 index opened up about 50 points, or 0.5 percent, and was trading at 9,140.
Australia's S&P/ASX 200 index was up 13 points, or 0.3 percent, to 4,296.3 at the opening.
New Zealand's benchmark NZX 50 was up by more than 1 percent when the market opened. At midmorning, it was up by 0.9 percent, or 28 points, trading at 3,281.
The Dow Jones Industrial rose for the third day in a row Monday, closing at 11,482.90, up 213.88 points, or 1.9 percent. The Standard & Poor's 500 index rose 25,68, or 2.2 percent, to 1,204.49.
Markets this week have warmed to news that Google is buying Motorola for $12.5 billion in cash and that Japan's economy shrank less than feared after the March earthquake and tsunami.
The Dow rose or fell by at least 400 points on four straight days last week for the first time, amid fears the U.S. economy could slide back into recession.