Asia-Pacific markets traded mixed Friday following a subdued Wall Street session.
The Nikkei 225 dumped 536.55 points, or 1.1%, to 50,481.87. Yields on the Japanese 10-year government bond rose to 1.94%, the highest since July 2007.
Markets are watching tech stocks closely amid recent concerns of a bubble. Shares of SoftBank rose nearly 4%, posting the third straight day of gains. The stock pared some gains and was last trading 1.02% higher.
Founder Masayoshi Son on Monday downplayed the decision to offload the conglomerate’s entire Nvidia stake, saying he “was crying” over parting with the shares.
In Hong Kong, the Hang Seng gained 149.18 points, or 0.6%, to 26,085.08.
CHINA
The CSI 300 in Shanghai headed north 37.97 points, or 0.8%, to 4,584.54
Shares of Moore Threads, a Beijing-based graphics processing unit manufacturer often referred to as “China’s Nvidia,” soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
In other markets
In Korea, the Kospi recovered 71.54 points, or 1.8%, to 4,100.45
In Singapore, the Straits Times Index shed 3.78 points, or 0.7%, to 4,531.36.
In Taiwan, the Taiex popped 185.18 points to 27,795.71.
In New Zealand, the NZX 50 docked 31.63 points, or 0.2%, to 13,483.98.
In Australia, the ASX 200 added 16.14 points, or 0.2%, to 8,634.58.
