Asian shares track Wall Street higher, Treasury yields near multi-decade highs - Reuters

Asian shares are tracking Wall Street higher as Treasury yields remain near multi-decade highs. According to a New York State Comptroller report, Wall Street profits are exceeding expectations and heading toward an all-time record. In the first half of the year, firms earned $45.9 billion. This growth is primarily fueled by the AI boom increasing dealmaking and market volatility aiding trading activities. These figures represent the broker-dealer operations of NYSE member firms without inflation adjustments.