Global Stocks Rise With Continued Optimism in Tech: Markets Wrap

Global stocks climbed for a fifth day on Tuesday, as optimism around US interest-rate cuts spread to Asia and fueled a buying spree in technology shares.

MSCI’s all-country stock index was on track for another record high close. Tech firms like Taiwan Semiconductor Manufacturing Co. and Alibaba Group Holding Ltd. helped lead gauges higher in Asia. Shares in South Korea, Taiwan and Hong Kong rose, while those in Indonesia declined after the longtime finance minister was removed.

Futures in the US advanced after the S&P 500 remained around record highs, while European contracts declined amid political issues in France.

The ...