Updated from 12:43 a.m. EST
Asian stocks were mixed Tuesday, with shares in Japan finishing higher after being closed for a holiday the previous session, and Australian shares closing to the downside after the nation's central bank cut interest rates.
Japan's Nikkei 225 stock average closed up 6.3% to 9114.60. Shares of financial companies rose. Automakers such as
closed higher, while
fell after cutting its earnings forecast last week.
In Australia, the S&P/ASX 200 index fell 0.2% after the Reserve Bank of Australia cut its benchmark interest rate a higher-than-expected 0.75 percentage points. The Hang Seng index in Hong Kong rose 0.3%.
Stocks in Europe were mixed. The FTSE 100 index in London fell 0.4%, while the DAX in Frankfurt rose 0.2%.
lowered its 2008 forecast as third-quarter earnings plunged. Swiss bank
reported a third-quarter profit but said "difficult" conditions will remain into the next quarter and will impact its fee-earning businesses.
posted a quarterly loss and suspended its stock buyback program, and
Royal Bank of Scotland
said it will record further writedowns and said it may post a loss in the full year.
Stock futures in the U.S. rose on the day U.S. voters go to the polls to elect a new president.
futures rose 5.60 points to 975.10, and were 10.35 points above fair value.
futures rose by 12 points to 1353.50, and were 16.94 points above fair value.
Stocks on Wall Street closed narrowly mixed Monday, as traders took in fresh updates on the state of the credit crisis and digested some bearish economic data. The
Dow Jones Industrial Average
slipped 5.18 points, or 0.1%, to 9318.83, and the S&P 500 ended down 2.45 points, or 0.3%, at 966.30. The Nasdaq gained 5.38 points to 1726.33.