Asian markets traded sideways on Tuesday, as an Australian survey revealed improved business conditions and China's consumer inflation picks up strongly. The Dow Jones industrial average posted its 22nd record close since November 8, up 0.7 percent at 20,412.16; the S&P 500 added 0.52 percent to close at 5,763.96, its 14th record close and also hit USD 20 trillion in market cap for the first time.
The Nasdaq composite advanced 0.52 percent to finish at 5,763.96, led by Apple, which closed at an all-time high at USD 133.29. "The focus remains on US equity markets, with the S&P 500 grinding higher yet again amid solid gains in financials, tech and industrial names," said Chris Weston, chief market strategist at IG, in a Tuesday note.
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Asian markets traded sideways on Tuesday, as an Australian survey revealed improved business conditions and China's consumer inflation picks up strongly. The Dow Jones industrial average posted its 22nd record close since November 8, up 0.7 percent at 20,412.16; the S&P 500 added 0.52 percent to close at 5,763.96, its 14th record close and also hit USD 20 trillion in market cap for the first time. 
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