Asia stocks mixed after tech rally on Wall Street

TOKYO - Asian stocks opened mixed on Friday after technology shares propelled United States benchmarks to fresh record highs.

The Nasdaq Composite Index closed above 9,000 for the first time, and Amazon.com Inc was the top performer in the S&P 500 after the e-commerce giant reported a"record breaking" holiday season.Investors are pushing the US$51 trillion MSCI ACWI Index of global stocks toward a more-than 8 per cent advance in the final three months of the year, a quarterly performance only bettered a handful of times in the past decade.

"The consumer continues to be shown as the supporting pillar," said Tim Courtney, chief investment officer at Exencial Wealth Advisors."They're continuing to spend and they're not cutting back."

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Asia stocks trade mixed, after 9% gain for the quarterTOKYO (BLOOMBERG) - Asian stocks opened another quiet year-end session on Thursday (Dec 26), sitting on an advance of almost 9 per cent for the quarter thanks to ebbing concerns about United States-China trade tensions and expectations of a global economic pickup in 2020.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »