Yesterday, Asian shares mostly rose following a more than 10% surge in Tesla shares, which drove US benchmarks to new records. Japan’s Nikkei 225 rose 1.3% to close at 40,580.76. Australia’s S&P/ASX 200 gained nearly 0.3% to 7,739.90, while South Korea’s Kospi edged up 0.5% to 2,794.71. Hong Kong’s Hang Seng added 1.1% to 17,956.55, but the Shanghai Composite index lost 0.4% to 2,982.38. Asian investors were encouraged by hopes for a US interest rate cut. However, some traders were cautious ahead of the US Independence Day holiday on Thursday. In currency trading, the US dollar rose to 161.80 Japanese yen from 161.44 yen. The euro cost USD 1.0752, almost unchanged from USD 1.0743. Among Tokyo technology-related shares, Kyocera Corp. jumped 3.1% while Murata Manufacturing Co. surged 6.4%. On Wall Street, the S&P 500 added 0.6% to 5,509.01, surpassing its all-time high set two weeks ago. The Dow Jones Industrial Average rose 0.4% to 39,331.85, and the Nasdaq composite added 0.8% to 14,028.76, beating its previous record set a day earlier.