US stocks closed higher across the board on Tuesday as investors welcomed a rebound in tech and a pullback in surging oil prices, putting the focus back on interest rates and the state of the US economy.
The Nasdaq Composite (^IXIC) rose around 1.
5% as tech megacaps recouped the previous session's losses.
The benchmark S&P 500 (^GSPC) stepped up around 1% to close within striking distance of its previous record high.
Stocks in Hong Kong (^HSI) slumped over 9%, as a roaring stimulus-fueled rally in Chinese stocks fizzled out.
Investors also turned their attention to monetary policy with markets still grappling with busted hopes for jumbo interest rate cuts.
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