Nasdaq-100 climbs to record amid falling oil and Meta’s Muse launch

Nasdaq-100 hit an all‑time high on Tuesday, surpassing the June record, as tech firms account for nearly 70% of the 100 companies in the index.

In Asia, China’s Star Market 50 and South Korea’s Kospi, both weighted toward memory chipmakers, have rebounded since July sell‑offs, reflecting renewed confidence in AI‑driven supply chains.

The rally was driven by falling oil prices below US$100 a barrel, Meta Platforms’ launch of its Muse agent, and optimism from a preparatory trade talk ahead of the China‑US summit, which together boosted demand across technology stocks.

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