HONG KONG — Asian markets mostly rose following a record close on Wall Street, and European stock markets rose at the start of trading.
Tokyo climbed 0.68%, or 136.11 points, to close at 20,026.38 and Seoul rose 0.34%, or 7.13 points, to end at 2,120.85.
Shanghai surged 3.13%, or 134.06 points, to 4,417.55 and Hong Kong gained 0.36%, or 102.29 points, to end at 27,693.54.
But Manila closed 0.49%, or 39.12 points, lower at 7,871.31 and Sydney finished 0.77% lower, giving up 43.70 points to 5,615.50.
Jakarta ended up 0.6%, or 31.56 points, at 5,269.37 but Malaysia's main share index lost 0.76%, or 13.78 points, to close on 1,809.72.
Singapore fell 0.16%, or 5.53 points, to 3,454.04.
In Europe, London's benchmark FTSE 100 index was up 0.24% at 6,985.27 points.
The CAC 40 in Paris gained 0.56% to 5,040.45 points and Frankfurt's DAX 30 won 0.99% to 11,709.87 compared with Monday's close.
US investors pushed the Dow and S&P 500 to new records on Monday, thanks to a rally in Apple and multi-billion dollar acquisitions in the pharma and apparel sectors.
Disappointing data on homebuilders' confidence was the latest figure to indicate weakness in the world's top economy, following last week's soft retail sales, consumer sentiment and industrial production figures.
"Patchy US data means that the Fed is highly unlikely to begin its policy normalisation process until late in the December quarter," Matthew Sherwood, Sydney-based head of investment strategy at Perpetual Ltd, told Bloomberg News.
"There has been a large upward movement in the dollar in the past 10 months and this has clearly weighed on US growth. The Fed could not possibly be convinced that the economy is on the right track until growth is above three percent for two consecutive quarters."
The dollar continues to hold up, even though the chances of a rate increase have slimmed.
On Tuesday in Asia it was at 119.96 yen, compared with 119.97 yen in New York but up from 119.63 yen in Tokyo earlier Monday.
The euro bought $1.1180 and 134.11 yen against $1.1315 and 135.75 yen in US trade. The single currency had been sitting above $1.1400 and 136 yen earlier Monday.
The single currency's losses come after a recent rally against the dollar and yen despite Greece's ongoing woes and the European Central Bank's bond-buying programme that essentially prints money.
Talks between Athens and its creditors have so far failed to reach an agreement to overhaul the troubled country's bailout in a way that would release billions of euros to help it service its debts.
There are fears that if Greece defaults on those loans it could tumble out of the eurozone.
Late Monday Greece's To Vima daily reported a European Commission proposal to break the deadlock by next month giving it a combined 3.7 billion euros in bailout cash in return for fiscal reforms worth 5 billion euros.
However, neither Athens nor the European Commission could confirm the report.