Japan's Nikkei 225 hits new record high, leading Asian shares higher

From ABC News: 2024-07-04 03:41:41

Japan’s Nikkei 225 hits record high, closing at 40,913.65. Shares rise in most of Asia, including Taiwan. U.S. market futures edge higher. Investors hope for Federal Reserve rate cuts to tame inflation as price pressures ease. Nikkei 225 gains 0.8% with automakers’ stocks driving the surge.

Other Asian markets mixed: Hang Seng and Taiex rise, Shanghai Composite falls. Australian and South Korean markets up. SET in Bangkok increases. U.S. markets closed for Independence Day. S&P 500 sets all-time high at 5,537.02. Dow Jones slips; Nasdaq gains. Tesla and Nvidia stocks boost S&P 500.

Bond market strong with Treasury yields sliding due to weak economic reports. Wall Street anticipates Friday’s employment report. 10-year Treasury yield drops to 4.35%. U.S. benchmark crude oil prices fall. Dollar weakens against Japanese yen. Euro strengthens. Markets await further economic data.



Read more at ABC News: Stock market today: Japan’s Nikkei 225 hits new record close, leading Asian shares higher