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

Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies

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

The German and French stock markets were down about 2%, and London's FTSE 100 dropped more 1%, according to the British Broadcasting Corporation. However, the U.S. dollar strengthened on the currency markets as the Canadian dollar plunged to its lowest level since 2003, the BBC also reports.

Some calm is returning to Wall Street, and U.S. stock indexes are making only modest moves after much of Europe and Asia rose earlier in the day

U.S. stocks slumped as worries flared again on Wall Street about tariffs and inflation. The S&P 500 fell 0.9% Friday and wiped out what had been a modest gain for the week. The Dow Jones Industrial Average sank 1%,

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.

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