Asian shares rise on optimism over Wall Street rally

on Jul 03, 2023 06:47:AM

Asian shares were mostly higher Monday after a rally on Wall Street driven by reports that showed inflation abating, alleviating fears over the threat of a recession. Japan’s benchmark Nikkei 225 rose 1.7% to 33,753.33 in afternoon trading. Australia’s S&P/ASX 200 added 0.6% to 7,248.10. South Korea’s Kospi jumped 1.4% to 2,599.62. Hong Kong’s Hang […]