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Asian Shares mixed after Friday wall street Breaking a two-day losing streak and returning to all-time highs on the back of gains Big tech companies company likes NVIDIA.
U.S. futures rose while oil prices fell.
Technology stocks regained momentum after the industry’s main supplier, Taiwan Semiconductor Manufacturing Co., reported strong profits and investment plans. TSMC rose 2.7% in early trading on Friday, while Taiwan’s benchmark stock index rose 2%.
The frenzy surrounding artificial intelligence has pushed shares of Nvidia and other superstars to dizzying heights, prompting criticism that their shares are too high. TSMC Chief Financial Officer Wendel Huang said the company is seeing “continued strong demand,” which is an encouraging sign for the entire artificial intelligence industry. Nvidia shares rose 2.1%.
TSMC’s U.S.-traded shares rose 4.4% on Thursday.
Previously, the United States and Taiwan signed a trade agreement involving US$250 billion in new investments by Taiwanese semiconductor and technology companies in the United States. trump card The government will cut tariffs on Taiwanese goods. The agreement aims to establish strategic economic partnerships and upgrade U.S. industrial infrastructure.
In Tokyo, the Nikkei 225 index edged down 0.1% to 54,062.28 points; Hong Kong’s Hang Seng Index fell 0.3% to 26,851.69 points. The Shanghai Composite Index fell 0.2% to 4,103.45 points.
China will release economic growth data for 2025 on Monday.
Elsewhere in Asia, South Korea’s Kospi rose 0.4% to 4,814.21 points. The benchmark index has hit record highs for several consecutive weeks, helped by resurgent confidence in artificial intelligence-related stocks.
In Australia, the S&P/ASX 200 rose 0.4% to 8,895.00. India’s Sensex also rose 0.4%.
Wall Street was steady on Thursday as stocks in the artificial intelligence sector rebounded.
The S&P 500 rose 0.3% to 6,944.47. The Dow Jones Industrial Average rose 0.6% to 49.442.44 points; the Nasdaq Composite Index rose 0.2% to 23,530.02 points.
Falling oil prices also helped calm investor nerves.
U.S. benchmark crude oil was trading at $58.96 a barrel early Friday, down 12 cents from the previous day. The stock fell 4.6% on Thursday after Trump said he had heard “from reliable sources” that Iran had halted execution plans amid widespread protests against the country’s leadership.
Brent crude, the international standard, fell 16 cents to $63.60 a barrel. It fell 4.1% on Thursday.
Financial markets viewed Trump’s comments as a sign that tensions over some of the world’s largest oil reserves may be easing, making oil supply disruptions less likely.
Meanwhile, the earnings season for major U.S. companies continues to gather pace, with more major financial firms reporting results for the final three months of 2025.
BlackRock, the giant that currently manages more than $14 trillion in investments, rose 5.9% after reporting profits and revenue that were stronger than analysts expected.
Encouraging reports on the U.S. economy fueled optimism.
Fewer workers filed for unemployment benefits last week, one person said, suggesting layoffs may be slowing. Other reports said manufacturing in the Mid-Atlantic region and New York state was significantly stronger than economists forecast.
Stronger-than-expected U.S. economic data helped small company stocks lead the market. The Russell 2000 index rose 0.9%.
In other early trading on Friday, USD/JPY fell to 158.27 yen from 158.63 yen.
The euro rose to $1.1610 from $1.1609.
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AP Business Writers Stan Choe and Matt Ott contributed.