Stock markets increase for a second day due to steady inflows of foreign funds.


Global stock markets continued their climb for the second consecutive day on Tuesday, buoyed by continuous foreign fund inflows and strong corporate earnings.

In the US, the tech-heavy Nasdaq Composite index rose 0.4% to close at a record high of 12,899.34. The Dow Jones Industrial Average and the S&P 500 both gained 0.3%, with the Dow hitting a record high of 31,028.48.

In Europe, the pan-European STOXX 600 index rose 0.7%, led by a 1.3% gain in the technology sector. The UK’s FTSE 100 index also advanced 0.7%, while Germany’s DAX index rose 0.9%.

Meanwhile, in Asia, Japan’s Nikkei 225 index climbed 0.7%, while Hong Kong’s Hang Seng index rose 0.9%.

The rally in global stock markets was fueled by strong corporate earnings and optimism over the rollout of COVID-19 vaccines, as well as by a weaker US dollar, which makes US equities more attractive to foreign investors.