HONG KONG (AP) — Asian shares Friday were mixed, with Chinese technology stocks rising as most other Asian equities declined.

Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe

Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of their early gains after a survey of manufacturers showed export orders dropping to a five-month low.

Asian shares were trading mostly higher Thursday, after a Wall Street rally that followed profit reports from major companies. Japan's benchmark Nikkei 225 gained nearly 0.2% in early trading to 38,888.

Asia shares are mostly declining as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners

The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in the city, rose as much as 2.9% on Friday, reflecting a rise of more than 20% from its January low.

Asian shares were mostly lower Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. The Hang Seng dropped 0.6% to 20,659.41, while the Shanghai Composite lost 0.

China’s growing clout in the artificial intelligence space has sparked a wave of optimism toward the nation’s tech shares, with a gauge entering a bull market and brokers issuing upbeat calls.

The Hang Seng Tech Index gained 2.5% on Friday, with a total increase of more than 20% since January. It appears that DeepSeek’s hype has erased concerns of trade wars among Chinese investors, due to which China’s tech stocks in Hong Kong continue to surge.