Asia: Markets mixed but tech tracks Nasdaq surge

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[HONG KONG] Asian investors struggled to take the baton from their Wall Street counterparts Wednesday, though tech firms tracked another record on the Nasdaq, boosted by people staying at home. Read more at The Business Times.

The run-up in US tech shares has been reflected in Asia and the sector was the standout in bourses across the region.Tokyo, Seoul, Wellington and Taipei were all higher but there were losses in Hong Kong, Shanghai, Singapore, Manila and Jakarta.

Sydney was the best performer, though, rallying more than one percent after data showing Australia's virus-hit economy fell into recession for the first time in three decades. Bargain-buying helped the ASX after three days of losses, though the Australian dollar was down 0.5 per cent.

 

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