US Stocks rose on Tuesday and stock market across the Asia-Pacific region were trading higher after investors found comfort in the European Central Bank's $500 billion loan injection to revive demand in struggling areas of the credit market.

The cost of credit started rising in August as the slump in U.S subprime mortgages made banks more reluctant to lend to each other.

The Dow Jones Industrial average rose 65.27, or 0.50 percent, to 13,232.47. The day kicked as high as 112 points, falling by 75 points, and then rebounding.

The Standard & Poor's 500 index rose 9.08, or 0.63 percent, to 1,454.98. The Nasdaq composite index rose 21.57, or 0.84 percent, to 2,596.03.

Other Asian market-

Japan's Nikkei 225 Index was up 15.91 points at 15,223.77.

China's Shanghai Composite Index was up 1.02% at 4,885.67.

Hong Kong's Hang Seng Index was up 241.00 points or 0.9% at 26,973.87.

Singapore's Straits Times Index was up 25.27 points or 0.75% at 3,394.58.

Taiwan's weighted Index Taiex was up 167.67 points or 2.15% at 7,975.06.

Malaysia's Kuala Lumpur Composite Index was up 8.50 points at 1,393.95.

South Korean market was closed on account of presidential elections.