NEW YORK, New York - World stock markets closed Tuesday's session with a split performance, as major U.S. indexes retreated while Asia-Pacific benchmarks posted strong gains.

U.S. markets remained dogged by the sell-off in Nvidia, which notched up another 5 per cent on Tuesday. Treasury yields spiked higher on fears the Federal Reserve hike in December could be a half-per cent.

"There's an extrapolation that maybe the Fed's going to have to hike rates more aggressively next year," Tom Hainlin, national investment strategist at U.S. Bank Asset Management told CNBC Tuesday. "The CPI print said perhaps inflation is going to be a little stickier for a little longer," he said.

The Standard and Poor's 500 (^GSPC) fell 29.01 points, or 0.38 percent, to close at 7,520.93, trading within a range of 7,470.43 to 7,543.92 on volume of 2.947 billion.

The Dow Jones Industrial Average (^DJI) slipped 157.86 points, or 0.30 percent, to 52,231.89, while the NASDAQ Composite (^IXIC) dropped 187.26 points, or 0.74 percent, to 25,065.88.

U.S. Dollar Strengthens Broadly on FX Markets Tuesday

The U.S. dollar advanced against all major currencies in Tuesday's foreign exchange trading, with the greenback posting solid gains across the board.

The euro weakened against the dollar, with EUR-USD at 1.1163, a move of 0.53 percent. The dollar also rose 0.53 percent against the Japanese yen, with USD-JPY at 158.75.

Sterling fell 0.73 percent against the dollar, with GBP-USD at 1.3344, while the Australian dollar declined 0.87 percent, to 0.6867.

The dollar gained 0.50 percent against the Canadian dollar, with USD-CAD at 1.4189, and rose 0.72 percent against the Swiss franc, with USD-CHF at 0.8254.

The across-the-board gains reflect sustained demand for the dollar, with every quoted currency pair moving in the greenback's favour.

Global Markets Mixed, Asia Surges on Tuesday

In Europe, the picture was brighter. The DAX P (^GDAXI) rose 80.26 points, or 0.31 percent, to 26,347.45.

The CAC 40 (^FCHI) in Paris gained 45.30 points, or 0.55 percent, to 8,278.59, and the EURO STOXX 50 I (^STOXX50E) added 37.42 points, or 0.59 percent, to 6,327.87. The Euronext 100 Index (^N100) climbed 8.75 points, or 0.46 percent, to 1,911.68, while the BEL 20 (^BFX) edged up 6.94 points, or 0.11 percent, to 6,105.03.

London's FTSE 100 (^FTSE) bucked the trend, dipping 31.28 points, or 0.29 percent, to 10,751.59.

Asian markets rallied strongly. The KOSPI Composite Index (^KS11) surged 220.28 points, or 4.39 percent, to 5,239.13. The Nikkei 225 (^N225) jumped 1,684.08 points, or 2.87 percent, to 60,459.58, and the TSEC Capitalization Weighted Index (^TWII) soared 1,050.22 points, or 2.52 percent, to 42,711.92. The HANG SENG Index (^HSI) advanced 108.09 points, or 0.44 percent, to 24,557.04, while the SSE Composite Index (000001.SS) added 2.93 points, or 0.08 percent, to 3,663.72.

In Oceania, the S&P/ASX 200 (^AXJO) rose 99.30 points, or 1.10 percent, to 9,129.00, and the ALL ORDINARIES (^AORD) gained 104.40 points, or 1.14 percent, to 9,267.80. The S&P/NZX 50 INDEX GROSS (^NZ50) climbed 193.79 points, or 1.39 percent, to 14,167.41, and the STI Index (^STI) added 79.42 points, or 1.53 percent, to 5,258.59.

Elsewhere, the S&P BSE SENSEX (^BSESN) rose 107.25 points, or 0.13 percent, to 81,106.65, and the IDX COMPOSITE (^JKSE) gained 51.96 points, or 1.02 percent, to 5,125.73. The TA-125 (^TA125.TA) climbed 78.66 points, or 2.02 percent, to 3,977.57, and the EGX 30 Price Return Index (^CASE30) surged 1,068.60 points, or 2.08 percent, to 52,483.50.

On the losing side, the FTSE Bursa Malaysia KLCI (^KLSE) fell 12.51 points, or 0.77 percent, to 1,604.07. The S&P/TSX Composite Index (^GSPTSE) declined 275.81 points, or 0.76 percent, to 36,170.45, and the Top 40 USD Net TRI Index dropped 71.99 points, or 1.03 percent, to 6,937.45.

(This report incorporates quotes retrieved with the assistance of artificial intelligence).

Related story:

Monday 9 November 2026 | Sellers swept away on the 'Street; Dow Jones, Nasdaq surge | Big News Network