Japan stocks lift Asian market higher after US retail data boost Wall Street
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Japanese stocks led gains in Asian markets after Wall Street rallied to one of its best days of the year; The Nikkei 225 surged 2.9% to 37,800.42; The Hang Seng in Hong Kong added 1.6% to 17,376.44; The Shanghai Composite index edged 0.1% higher to 2,879.93; The S&P 500 jumped 1.6% for its fourth-best day of the year; The Dow Jones Industrial Average rose 1.4%; The Nasdaq composite burst 2.3% higher; U.S. shoppers increased their spending at retailers last month by much more than economists expected; The 10-year Treasury yield climbed up to 3.91% from 3.84%; The two-year Treasury yield jumped to 4.09% from 3.96%; Traders widely expect the Federal Reserve to cut its main interest rate at its next meeting in September

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https://abcnews.go.com/US/wireStory/japan-stocks-lift-asian-market-higher-after-us-112884334