Reported 12 months ago
Asian shares mostly rose as Tesla stocks surged over 10%, driving U.S. indices to new records. Japan's Nikkei 225 climbed 0.9%, Australia's S&P/ASX 200 gained 0.3%, and South Korea's Kospi edged up 0.1%. Hong Kong's Hang Seng added 0.9%, while the Shanghai Composite lost 0.3%. Market optimism was driven by hopes of a U.S. interest rate cut, with investors cautious ahead of the U.S. Independence Day holiday. Wall Street also saw gains, with the S&P 500, Dow Jones, and Nasdaq hitting new highs, led by Tesla's jump and positive comments from the Federal Reserve Chair favoring potential interest rate cuts.
Source: YAHOO