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Japan's Nikkei rises over 1% after Big Tech stocks push Nasdaq to record high

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Asian markets are mixed with Japan’s benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high.

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Hong Kong’s Hang Seng was down 1.3% to 20,438.54 and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225 index was up 1.3% at 39,390.49, as the Bank of Japan began a two-day policy meeting on Wednesday.Australia’s S&P/ASX 200 dipped 0.9% to 8,177.90 after its inflation rate in the third quarter came in at 2.8%, the lowest level in more than three years, according to the Australian Bureau of Statistics.The S&P 500 rose 0.2% to 5,832.92 on Tuesday.

Yields have also climbed as investors have seen former President Donald Trump’s chances of re-election improving. Economists say aTrump Media & Technology Group, the company that tends to move more with Trump’s re-election odds than on its own profit prospects, climbed another 8.8% to $51.51 Tuesday. It moved so sharply during the day that trading of its stock was briefly halted several times.

 

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Japan's Nikkei rises over 1% after Big Tech stocks push Nasdaq to record highAsian markets are mixed with Japan’s benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high. Hong Kong’s Hang Seng was down 1.3% to 20,438.54 on Wednesday and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225 index was up 1.3% at 39,390.
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Japan's Nikkei rises over 1% after Big Tech stocks push Nasdaq to record highAsian markets are mixed with Japan’s benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high.
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Stock market today: Nasdaq hits record high as major earnings from big tech loomStock market today: Nasdaq hits record high as major earnings from big tech loom
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