World Shares Are Mostly Higher After Dow Hits Record High, US Dollar Falls

World Shares Are Mostly Higher After Dow Hits Record High, US Dollar Falls
People look at an electronic stock board showing Japan's stock prices at a securities firm in Tokyo on Dec. 14, 2023. Eugene Hoshiko/AP Photo
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BANGKOK—Shares were mostly higher in Asia on Thursday after a powerful rally across Wall Street sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year.

Like the Fed, the European Central Bank and Bank of England were expected to keep their interest rate policies unchanged, as were the central banks of Norway and Switzerland.