Stocks open mostly higher on Wall Street, but Big Tech lags

A woman wearing a face mask to help curb the spread of the coronavirus walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 9, 2020. Asian shares logged strong gains on Wednesday after another round of record highs for major indexes on Wall Street.

Benchmarks rose in Paris, London, Tokyo, Hong Kong and Seoul. Shanghai declined after China reported that its consumer price index slipped 0.5% in November compared with a year earlier. , as the two sides warned that the chances of a post-Brexit trade deal by a year-end deadline was slipping away. A deep political divide remains over what their relationship will look like once a transition period following Britain’s departure from the bloc ends on Dec. 31.

In Asian trading, Tokyo’s Nikkei 225 index gained 1.3% to 26,817.94, while the Hang Seng in Hong Kong added 0.8% to 26,502.84. In South Korea, the Kospi jumped 2% to 2,755.47. Australia’s S&P/ASX 200 advanced 0.6% to 6728.50, while the Shanghai Composite index slipped 1.1%, to 3,371.96.Overnight, the S&P 500 rose 0.3% to 3,702.25. The Dow Jones Industrial Average gained 0.4% to 30,173.88. The tech-heavy Nasdaq added 0.5% to 12,582.77, marking its fourth straight record high.

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