Asian markets were mixed after the Nasdaq's record close on Wall Street (Mohd RASFAN) Asian stocks were mixed Tuesday as a tech-led record on Wall Street was tempered by ongoing worries about a spike in government borrowing costs. Oil held most of the losses seen in response to a G7 release of stockpiles, Saudi Arabia's price cut and a pick-up in Gulf exports to pre-war levels, though supply fears are keeping global benchmark Brent above $100 a barrel. The US Nasdaq closed at a fresh peak thanks to rallies in tech giants including Nvidia, SpaceX and Meta, though observers pointed out that the market gains were increasingly concentrated on a few stocks.
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