Asia-Pacific stocks rise as tech rotation eases; U.S. markets pause for July 4

Asia-Pacific shares broadly climbed in afternoon trading as investors rotated out of technology stocks, with Japan’s Nikkei and Korea’s Kospi leading gains while the Kosdaq slipped. The U.S. markets were closed for Independence Day, but the Dow hit a record as the Nasdaq lagged on semiconductor weakness; other highlights included Kuaishou’s Tencent-backed Kling AI funding, oil edging higher on Iran diplomacy, and gold rising on softer U.S. jobs data, signaling a mixed risk mood.