Big tech stocks shrug off G7 tax plan for now

The G7 nations have agreed to back a minimum global corporate tax rate of at least 15%

Big tech stocks have withstood initial investor reaction to the G7 nations agreeing a minimum global corporate tax rate.

Big technology stocks took in their stride a deal by the world's richest nations on a global minimum corporate tax aimed at the US tech heavyweights as global equity markets hovered close to a record peak.

The G7 nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%, squeezing more money out of multinational companies such as Amazon.com and Google.