Asian stocks jump; Australian dollar surges; Wall street rally lifts global mood

Jul 24, 2025 - 10:00
Asian stocks jump; Australian dollar surges; Wall street rally lifts global mood

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Asian markets surged, fueled by positive earnings reports and new trade agreements, with the Australian dollar hitting an eight-month high. Japan's Topix index reached a record peak following Wall Street's gains and optimism surrounding US trade deals with the Philippines, Indonesia, and potentially the EU. Alphabet's strong results boosted market sentiment, offsetting concerns from Tesla's sales decline.

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