Global stocks stage a rally as American markets take the day off

BANGKOK (AP) — Shares advanced Friday in Europe and Asia after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses.

Futures for the S&P 500 gained 0.4% while that for the Dow was up 0.2%. U.S. markets will be closed Friday for the Independence Day holiday.

In early European trading, Germany’s DAX rose 0.7% to 52,643.30 and the CAC 40 in Paris gained 0.3% to 8,497.30. Britain’s FTSE 100 picked up 0.4% to 10,689.77.

During Asian trading, South Korea’s Kospi, which sank nearly 8% on Thursday, gained 5.8% to 8,088.34. Samsung Electronics, the country’s biggest company and a major maker of computer chips, gained 8.2%, while its smaller rival SK Hynix jumped 10.9%.

In Tokyo, the Nikkei 225 advanced 1.5% to 69,744.07. Chipmaker Tokyo Electron rose 0.4%, while memory maker Kioxia jumped 9.2%.

Hong Kong’s Hang Seng climbed 1.3% to 23,345.28 and the Shanghai Composite index added 0.4% to 4,043.64.

Taiwan’s Taiex edged 0.1% higher, while the Sensex in India jumped 0.7%.

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