Global stocks rally ahead of U.S. Independence Day

Asian and European markets advanced Friday after the Dow Jones Industrial Average set a new record, while futures for the S&P 500 gained 0.4%. South Korea's Kospi rose 5.8% to reach 8,088.34 as Samsung Electronics climbed 8.2% and SK Hynix jumped 10.9%. Tokyo's Nikkei 225 advanced 1.5%, Hong Kong's Hang Seng gained 1.3%, and Australia's ASX 200 picked up 1.4%. U.S. markets will be closed Friday for the Independence Day holiday, but a report showing employers added 57,000 jobs helped stocks broadly despite mixed results from artificial-intelligence boom winners.