Asian Markets Surge Following Dow's Record High and AI Recovery
WHO:
ABC News - South Korea's biggest company is Samsung Electronics.
ABC News - Smaller rival to Samsung is SK Hynix.
ABC News - Chipmaker mentioned is Tokyo Electron.
ABC News - Memory maker mentioned is Kioxia.
ABC News - Companies in the crypto industry include Robinhood Markets and Coinbase Global.
ABC News - Memory maker mentioned is Micron Technology.
ABC News - Chipmaker mentioned is Nvidia.
ABC News - Chipmaker mentioned is Lam Research.
WHAT:
CNBC - South Korea's Kospi advanced 4.65%.
CNBC - Japan's benchmark Nikkei 225 rose 1.36%, while the Topix was up 1.17%.
CNBC - Australia's S&P/ASX 200 added 1.39%.
CNBC - Hong Kong's Hang Seng Index gained 1.57%, while the mainland's CSI 300 was up 1.15%.
CNBC - Taiwan's benchmark Taiex inched 0.2% higher.
ABC News - Memory maker Kioxia jumped 6.6%.
ABC News - Robinhood Markets rose 3.8%, and Coinbase Global gained 3.9%.
ABC News - Micron Technology dropped 5.5%, a day after plunging 10.6%.
ABC News - Nvidia fell 1.4%, and Lam Research sank 10.2%.
ABC News - Asian shares rallied after the Dow Jones Industrial Average set another record.
ABC News - The Dow gained 1.1% to reach 52,900.07.
ABC News - South Korea's Kospi gained 2.8% to 7,863.22.
ABC News - Samsung Electronics gained 7%.
ABC News - SK Hynix was up 4.9%.
ABC News - The Nikkei 225 advanced 0.9% to 69,368.30.
ABC News - Hong Kong's Hang Seng climbed 1.7% to 23,444.45.
ABC News - The Shanghai Composite index added 0.7% to 4,056.81.
ABC News - The S&P/ASX 200 picked up 1.3% to 8,834.90.
ABC News - The S&P 500 finished virtually unchanged at 7,483.24.
ABC News - The Nasdaq composite dropped 0.8% to 25,382.67.
ABC News - U.S. employers added 57,000 jobs to their payrolls last month.
ABC News - Bitcoin rose roughly 2%.
ABC News - Brent crude gained 0.6% to $72.26 a barrel.
ABC News - U.S. benchmark crude was up 0.5% to $69.05 a barrel.
ABC News - The dollar fell to 161.17 Japanese yen.
ABC News - The euro rose to $1.1439.
WHERE:
ABC News - South Korea's Kospi is located in South Korea.
ABC News - The Nikkei 225 is located in Tokyo, Japan.
ABC News - Hong Kong's Hang Seng is located in Hong Kong.
ABC News - The Shanghai Composite index is located in Shanghai, China.
ABC News - The S&P/ASX 200 is located in Australia.
WHEN:
ABC News - U.S. markets will be closed for the Independence Day holiday.
WHY:
ABC News - The weaker-than-expected job growth could keep pressure off inflation, which has been accelerating worldwide due to oil price jumps caused by the war with Iran.
ABC News - The Dow's record high was influenced by a report showing U.S. employers added 57,000 jobs, which was below the expected 100,000 jobs.
ABC News - The weaker-than-expected job growth could keep pressure off inflation.
ABC News - Oil prices have been affected by the war with Iran.
HOW:
ABC News - Stocks broadly received help from a report showing U.S. employers added 57,000 jobs to their payrolls last month, which was short of the expected 100,000 jobs.
ABC News - Stocks broadly received help from the job report, which indicated economic growth.
(UPDATED July 3, 2026 09:56 UTC)
Asian markets saw significant gains today, with South Korea's Kospi advancing 4.65% and Japan's Nikkei 225 rising 1.36%. Meanwhile, U.S. stocks were buoyed by a report indicating that employers added 57,000 jobs last month, although this fell short of expectations, which may help ease inflationary pressures. In contrast, Micron Technology experienced a notable drop of 5.5%, following a previous plunge of 10.6%, while memory maker Kioxia surged 6.6%.
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(UPDATED July 3, 2026 08:03 UTC)
Asian shares saw a significant rally today, spurred by the Dow Jones Industrial Average reaching a record high of 52,900.07 after U.S. employers added 57,000 jobs last month, a figure that fell short of expectations but may help ease inflation pressures. In South Korea, Samsung Electronics surged 7% and SK Hynix climbed 4.9%, contributing to the Kospi's impressive gain of 2.8% to 7,863.22.