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BANGKOK (AP) -- Shares were mixed Friday in Asia after the latest rally on Wall Street fizzled, with big declines for Tesla, Netflix and other big tech-oriented stocks.
Hong Kong, Seoul and Bangkok advanced while Tokyo, Shanghai and Sydney declined. U.S. futures edged higher and oil prices also climbed.
Taiwan's Taiex 0.8% fell after TSMC, the world's biggest manufacturer of computer chips, said it expects its sales to fall 10% this year as demand wanes. It also said it would not meet a 2024 target for starting production at a factory under construction in Arizona. TSMC's shares fell 3.1%.
Japan reported consumer inflation edged higher in June, from 3.2% to 3.3%, but mainly due to increases in electricity rates. Price increases excluding energy and volatile food costs fell. That eases pressure on the central bank to adjust the ultra-lax monetary policy that it has kept in place for over a decade to counter sluggish economic growth.
Tokyo's Nikkei 225 index lost 0.4% to 32,351.56, while the S&P/ASX 200 declined 0.2% to 7,307.80. The Shanghai Composite index slipped 0.2% to 3,162.37.
In Seoul, the Kospi gained 0.1% to 2,603.66 and Hong Kong's Hang Seng index advanced 0.5% to 19,029.45. Thailand's SET rose 0.4%.
On Thursday on Wall Street, the S&P 500 fell 0.7% to 4,534.87, while the Nasdaq lost 2.1%, its biggest drop in more than four months. It closed at 14,063.31.
The Dow was an outlier, gaining 0.5% to 35,225.18, because it includes fewer tech stocks.