SINGAPORE — Shares in Asia-Pacific mostly rose in Friday trade following overnight gains for tech stocks stateside as the Nasdaq Composite rebounded.
Meanwhile, Hong Kong-listed shares of Chinese chipmaker Semiconductor Manufacturing International Corporation dropped nearly 4% after the firm said a top executive and multiple board members resigned. The Hang Seng Tech index gained more than 1%.
Australian stocks also rose as the S&P/ASX 200 gained 0.96%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.52% higher.
Overnight stateside, the tech-heavy Nasdaq Composite rose 0.52% to 15,704.28 while the S&P 500 advanced slightly to 4,649.27. The Dow Jones Industrial Average lagged, declining 158.71 points to 35,921.23.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.251 following its jump earlier this week from below 94.4.
The Japanese yen traded at 114.27 per dollar, struggling to recover after weakening from below 113.5 against the greenback earlier in the week. The Australian dollar changed hands at $0.7282, still off levels above $0.738 seen earlier this week.