Tech sector recovery drives global stock market surge despite China concerns

Tuesday saw global stock markets rise due to strong tech recovery, despite worries about China’s slow economy and US rate uncertainty. Nvidia’s shares increased by 8.5% on Monday, boosting trading in Asia and Europe. In New York, Nvidia’s shares went up by 2.5% before its second-quarter report today, Wednesday.

At the beginning of trading, Nasdaq focused on technology and rose by 0.7%. This followed a 1.6% increase on Monday due to a wider rally in tech shares. The Dow Jones Industrial Average had a slight rise, while the broader S&P 500 went up by 0.4%.

Analyst Patrick O’Hare noted the stock market’s positive outlook. In the afternoon, European stocks gained momentum, helped by lower bond yields.

Following a mixed Monday, efforts were made to counter recent market losses. Global stock markets are dealing with the chance of the US Federal…