TOKYO – Asian shares were mixed Friday following a selloff of technology shares on Wall Street. Japan's benchmark Nikkei 225 recouped early losses to rise 0.6% to 23,383.87.
South Korea's Kospi dropped 0.1% to 2,394.09, while Australia's S&P/ASX 200 lost 0.8% to 5,859.40. Hong Kong's Hang Seng gained 0.7% to 24,471.29, while the Shanghai Composite rose 0.6% to 3,255.28.Shares were lower in Taiwan but mixed in Southeast Asia.
Analysts say investors are preoccupied with the coronavirus pandemic and hopes for development of a safe, effective vaccine.
While Big Tech is benefiting from the shift to online life that the pandemic and ensuing stay-at-home economy has accelerated, critics said their stocks prices have surged too high.“Big tech.