Stocks advanced in Asia on Tuesday in a thin holiday session, while European markets remained closed for holidays.
The S&P 500 future rose 0.2% and the Dow Jones Industrial Average future added 0.1%. Oil prices rose.
The Shanghai benchmark index led losses in Asia due to heavy selling in technology-related stocks and computer chips, while concerns about trade tensions with the United States and other Western countries revived.
Several video game stocks announced share buybacks aimed at stemming losses after Chinese regulators issued draft guidelines on Friday that sent shares of game makers such as Tencent and Netease tumbling. Hong Kong markets were closed on Tuesday, so the impact of an effort by Beijing on Monday to cushion the impact of the new rules by expressing support for the industry and announcing approval of more than 100 games was unclear.
The Shanghai Composite Index sank 0.7% to 2,898.88. In Shenzhen, where relatively more high-tech companies are listed, the A-share index lost 1.2%.
The Nikkei 225 in Tokyo gained 0.1% to 33,276.50. In South Korea, the Kospi added 0.1% to 2,602.59. The Bangkok SET rose 0.4%. Taiwan's Taiex gained 0.8% and Mumbai's Sensex rose 0.3%.
US and European markets were closed on Monday for Christmas.
On Friday, Wall Street wrapped up its eighth straight week of gains with a quiet finish following reports showing inflation is declining even as the economy appears stronger than expected.
On Friday, the S&P 500 rose 0.2%. He is less than 1% below his record set almost two years ago and is in the midst of his longest winning streak since 2017.
The Dow Jones fell less than 0.1% and the Nasdaq gained 0.2%.
In other trading Tuesday, a barrel of U.S. crude oil lost 18 cents to $73.38 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 11 cents to $78.69 a barrel.
The US dollar rose to 142.49 Japanese yen from 142.33 yen. The euro was unchanged at $1.1017.
