U.S. stocks rallied on Tuesday rebounding from last week's sharp losses. The S&P 500 closed +1.22% with a final quote of 2,086.24 points. The DOW JONES index added +1.49%, closing at 17,976.31 points - re-approaching the psychologically important 18,000 points mark.

Chinese stocks were trading mixed. Hong Kong's Hang Seng is currently trading +0.25% at 24,917.80 points. China's Shanghai Composite declined moderately to 3,780.14 points closing-0.17%. After the recent strong rally Chinese indices are seen overbought by many investors.

The Nikkei dropped on Tuesday after booking gains early in the session still ending the month in positive territory - a third month in a row. Shares were sold on profit taking at the end of the quarter. The index declined by -1.05% closing at 19,206.99 points.