The broad U.S. stock market was likely due for its recent drop, which took it more than 10% below its all-time high in just a few weeks, after prices climbed much faster than corporate profits to make it look too expensive, according to Barry Bannister, chief equity strategist at Stifel.

TOKYO – Asian shares mostly rose Tuesday as investors were encouraged by another rally on Wall Street. Japan's benchmark Nikkei 225 gained 1.3% to 37,903.43. The media could not be loaded, either because the server or network failed or because the format is not supported.

BANGKOK (AP) — Shares were mixed in Asia on Tuesday, with Chinese markets retreating, following a broad rally on Wall Street fueled by hopes the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week.