TOKYO (AP) — Asian shares were mostly higher in early Friday trading, as regional market sentiment got a boost from the rally on Wall Street, mostly from big technology stocks. This was reported by Qazaqyia.kz citing Associated Press.

Japan’s benchmark Nikkei 225 rose 0.6% in morning trading to 64,622.33. South Korea’s Kospi gained 0.9% to 6,635.67. Australia’s S&P/ASX 200 was little changed, slipping less than 0.1% to 9,011.80. Hong Kong’s Hang Seng jumped 2.1% to 25,751.26, while the Shanghai Composite added 0.8% to 3,973.27.

Stocks on Wall Street closed higher Thursday as a recent run-up in bond yields eased further and big technology companies rallied. The S&P 500 rose 1.1%. The Dow Jones Industrial Average gained 1.2%, and the Nasdaq composite closed 1.4% higher.

Communication services stocks also accounted for a large share of the rally. Their huge valuations tend to give them more influence over the broader market’s direction.

Microsoft rose 2.7%, Apple gained 1% and Meta climbed 3%. Giant chipmaker Nvidia, whose high-end chips have emerged as the best building blocks for artificial intelligence, rose 1.8% after saying it would buy the AI platform Hugging Face for $13 billion.

In energy trading, benchmark U.S. crude edged up 65 cents to $91.95 a barrel. Brent crude rose 47 cents to $95.99 a barrel.

Nvidia is buying AI platform Hugging Face for $13 billion. Tech stocks lead a rally on Wall Street as bond yields ease some more. Stocks slip on Wall Street under pressure from higher oil prices and rising bond yields.

The six-month-long U.S. war with Iran, which has intensified lately, is the main cause behind the recent surge in energy prices.

Many nations around the world, including Japan which imports virtually all its oil, depend on access to the Strait of Hormuz to import oil from the Middle East.

Iran fired at Kuwait on Thursday in retaliation for U.S. bombardments earlier in the week.

The yield on the 10-year Treasury, which influences mortgage rates, dropped to 4.77% from 4.79% late Wednesday. It has been rising steadily throughout the year and was as low as 4.20% a