Asian Stocks Pare Gains as China, Hong Kong Weaken: Markets Wrap

Asian stocks hovered near a record, following a tech-driven rally that pushed Wall Street to yet another peak. Shares in Hong Kong and mainland China fell.

The MSCI Asia Pacific Index retreated from its session highs to trade little changed. Equities in Hong Kong fell 1% with the city facing its most damaging typhoon since 2018.Asian chip-related stocks rose after Nvidia Corp.’s investment in OpenAI. There is no cash trading of Treasuries during the Asian day as Tokyo is closed for a public holiday. The rupee fell to a new record low against the dollar.

Gold has hit record ...