Asian Markets Surge as Investors Digest Economic Data, U.S. GDP Awaited

Asian stock markets saw a surge of activity on Tuesday, with Hong Kong stocks leading the gains.

The Hang Seng Index jumped 2% as investors digested a slew of economic data, including the latest U.S. GDP figures, which are expected to be released later in the day.

Elsewhere in Asia, shares hit a seven-month high as investors weighed the odds of avoiding a recession.

The Stock Market Today saw the Dow and S&P 500 make modest gains, while the Nasdaq Composite edged lower.

Technical analysts at DailyFX noted that the Hang Seng Index has seen strong upward momentum, and could be headed for a new high.

Overall, investors were in a cautiously optimistic mood, as they looked for signs that the global economy is on the road to recovery.