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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

FILE - A passerby moves past an electronic stock board showing Japan's stock prices outside a securities firm in Tokyo, on Oct. 11, 2024. Asian markets were mixed on Wednesday with Japan's benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high.

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. Gains for influential Big Tech stocks helped mask weakness elsewhere, and they pushed the Nasdaq composite up 0.8% to 18,712.75. The Dow Jones Industrial Average, meanwhile, fell 0.4% to 42,233.05.

 

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