Hong Kong (AP)-Asian stocks up mainly on Friday on the back of a rally almost recorded on US stocks, as investors paid little attention to US President Donald Trump latest tariff threats.
Hang Kong's Hang Kong Index rose 3.14% to 22,499.72, while Shanghai's compound was up 0.43% to 3,346.72. The Nikkei slipped 225 0.79% to 39,149.43. Meanwhile, the S&P/ASX 200 in Australia was up 0.19% to 8,555.80 and South Korea's Kospi was up 0.31% to 2,591.05.
“There are many tails for risk feelings in the region to take advantage of them, with the positive transition in Wall Street, U.S. weaker dollar and lower Treasury products,” wrote Yeap Jun Rong, a market strategist in IG, in a note .
“However, Nikkei from Japan was behind, under pressure likely by a stronger yen,” he said.
Chinese technology stocks listed on the Hong Kong Stock Exchange are all won on Friday, with stocks from video games company Tencent, the e-commerce company Alibaba and online services company Meituan rise over 5%.
Chinese technology companies have enjoyed a fresh interest since Chinese AI company Deepseek Release an artificial intelligence model competing against those Openai when trained on cheaper hardware. In recent weeks companies like Alibaba have also released new iterations from their own AI models, and the search engine company Baidu said Friday that it would make its Ernie Bot AI Chatbot available free to the public .
“With Beijing doubling down on AI as a national priority, investors are rushing to re -draw China's technology and innovation potential. This is not just a stimulus driven bounce-it is a paradigm change, ”said Stephen Innes, management partner at SPI Asset Management.
“If momentum is still, Hang Seng's index could finally break out of its multi-year fall, reigning a global desire for Chinese equity.”
On Thursday the S&P climbed 500 1% to pulled within 0.1% of its high ever Set the last month. Dow Jones' industrial average won 342 points, or 0.8%, and NASDAQ compound jumped 1.5%.
US stocks rose after officials in Washington said bilateral tariffs would take time to implement.
In energy trading, the US raw benchmark added 14 Sent to $ 71.43 per barrel. Brent Crude, the international standard, rose 37 cents to $ 75.39 per barrel.
In currency trading, the US dollar weakened to 152.57 Yen Japanese from 152.82 yen. The euro cost $ 1.0459, remaining largely unchanged.
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The Business author App Stan Choe contributed in New York.