Global Stocks Rally on Tuesday, Nikkei 225 Up 3.3%, Shanghai Composite Rises 1.79%

On Tuesday, global stock markets rallied, with Japan's Nikkei 225 index gaining 3.3%, China's Shanghai Composite rising 1.79%, and Hong Kong's Hang Seng index declining 0.04%. U.S. technology stocks led the rebound in pre-market trading, with spot silver surging 5% and Brent crude oil rebounding above $90 per barrel.

Meanwhile, Goldman Sachs warned that if the Strait of Hormuz faces prolonged disruption, oil prices could break $120 per barrel by year-end. On the technology front, Nvidia's data center business is expected to consume over 100 million terabytes of NAND storage next year, with Samsung already ramping supply.