US Edition
Asian shares mostly higher after US stocks hit another record as Tesla and Nike rally
- On Wednesday, U.S. stocks climbed once again, with the S&P 500 increasing by 0.5% to reach a new peak for the third occasion within the past four days.
- This rally followed optimism about potential U.S. trade deals, including President Trump's tariff agreement with Vietnam and paused import taxes scheduled to take effect soon.
- Asian shares mostly gained on Thursday, with South Korea's KOSPI surging 1.5% and Taiwan's TAIEX rising 1.4%, while Tokyo's Nikkei 225 inched up 0.1%.
- Tesla rose 5% after delivering nearly 374,000 Model 3 and Model Y cars last quarter despite a 13% overall sales decline, while Nike's stock climbed 4.1% partly due to its significant Vietnamese production.
- The market moves imply cautious optimism about trade progress, though concerns remain around tariffs, U.S. job cuts, and mixed economic data expected soon.
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Auburn's partnership with Nike officially underway
After 19 years with Under Armour as the school’s official apparel provider, Auburn officially became a Nike school on July 1. The long-awaited partnership between the Tigers and Nike began on Tuesday, beginning a 10-year deal that was first announced…
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Total News Sources36
Leaning Left10Leaning Right1Center16Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 37%
C 59%
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