An investor monitors stock prices at a brokerage in Beijing, China, Tuesday, May 22, 2018. Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government. (AP Photo/Ng Han Guan)
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Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government.The Standard & Poor's 500 gained 0.7 percent to 2,733.01 points.Boeing Co. gained 3.6 percent and construction equipment maker Caterpillar rose 2.1 percent. General Electric Co. rose 1.9 percent after announcing its train engine division will combine with railroad equipment maker Westinghouse Air Brake Technologies.ITALIAN POLITICS: The euroskeptic 5-Star Movement and the right-wing League identified a 53-year-old law professor with no political experience as their pick to become Italy's next premier.The prospect of a 5-Star-League government has weighed on markets.CURRENCY: The dollar declined to 110.95 yen from Monday's 111.03 yen.
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