London — World tech stocks hit a record high on Tuesday, spurred on by a new peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index. MSCI’s global tech index scored the milestone after the FAANGs — Facebook, Apple, Amazon, Netflix and Google — drove the technology-heavy Nasdaq to a new closing high in New York on Monday. That raised Asia’s big BATTS — Baidu, Alibaba, Tencent, Taiwan Semiconductor, Samsung — with Alibaba notching a new high and Baidu surging 5% for its best day in more than a month. Europe got in on the act too as tech stocks there jumped more than 1% in a third day of gains that took them to their highest since the dot-com boom of 2001. "The market is being pushed up by just a few huge companies," said Jerome Schupp, equity analyst at Prime Partners in Lausanne. "All big names from Apple to Amazon and Microsoft are able to make huge buybacks and acquisitions, and the internal grow...
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