Asian shares rise, defying slow Wall Street start to 2025
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Hong Kong, Jan 03, 2025 -Asian markets gained on Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year's holiday. Hong Kong, Sydney and Taipei climbed, while Seoul surged nearly two percent higher despite deepening political uncertainty in Asia's fourth-largest economy. South Korean investigators abandoned their attempt to arrest impeached President Yoon Suk Yeol at his residence on Friday over his failed martial law bid, citing safety concerns after a standoff with his security team. US stocks opened higher on Thursday after the New Year's break but tumbled into the red mid-session before concluding the day modestly lower. The Wall Street losses were driven in part by disappointing results from Tesla, which slumped 6.1 percent after fourth-quarter auto sales lagged expectations. The dollar index on Thursday hit its highest level against other currencies since November 2022,...