The Shanghai Composite Index may see additional support on Wednesday after finishing modestly higher on Tuesday. The index added 12.62 points or 0.33 percent to close at 3,822.28, with technology and healthcare stocks gaining while financial shares weakened. The positive lead comes from Wall Street, where the Dow rallied 907.47 points to a record 54,085.88, the Nasdaq soared 671.10 points to 26,584.99, and the S&P 500 jumped 136.02 points to 7,736.52, driven by falling crude oil prices and optimism over a potential U.S.-Iran deal to reopen the Strait of Hormuz. U.S. crude oil futures plummeted 5.80 percent to $75.68 per barrel after Treasury Secretary Scott Bessent said a deal could be reached within days, and Qatar confirmed mediatory efforts are progressing well. Tech stocks led the rally, with Palantir surging more than 25 percent on better-than-expected second quarter results and raised full-year guidance.
Palantir Technologies Inc.Palantir surged over 25% on better-than-expected Q2 results and raised full-year guidance.
