A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Sept. 10, 2020. Asian stock markets gained Thursday after Wall Street rebounded from a three-day slump for tech stocks.

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Thursday, Sept. 10, 2020. Asian stock markets gained Thursday after Wall Street rebounded from a three-day slump for tech stocks.

A currency trader walks by screens displaying foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Sept. 10, 2020. Asian stock markets gained Thursday after Wall Street rebounded from a three-day slump for tech stocks.

FILE – In this Aug. 31, 2020 file photo, buildings line Wall Street, in New York. Stocks are opening higher on Wall Street Thursday, Sept. 10 as the market claws back some more of the ground it lost in a three-day slump that snapped a day earlier.

‘Wall Street’ is etched on a building across the street from the New York Stock Exchange, Thursday, Sept. 10, 2020, in New York. Stocks gave up an early gain and moved steadily lower all day, erasing nearly all of a rally from a day earlier and extending their losses for the week.

TOKYO (AP) — Asian shares were mixed Friday following a selloff of technology shares on Wall Street.

“Big tech stocks might have seemed like safe havens, but they have found themselves at the center of a brutal sell-off,” said Stephen Innes, chief global market strategist at AxiCorp.

Japan’s benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading at 23,314.98. South Korea’s Kospi dropped 0.3% to 2,389.21, while Australia’s S&P/ASX 200 lost nearly 0.9% to 5,856.40. Hong Kong’s Hang Seng gained 0.3% to 24,377.42, while the Shanghai Composite was little changed at 3,235.07.

Concerns about the coronavirus pandemic and the big hope over a vaccine in the works overshadow the global market, analysts say. 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 shot too high.

The catch is that progress in curbing COVID-19 could hurt technology shares, Innes said.

“But keep your eye on the prize. A virus vaccine is a key to the second leg of growth recovery, which will be globally-coordinated and could run for a while as doses are distributed gradually,” he said.

The latest gyrations on Wall Street followed a wild stretch where the S&P 500 careened from its worst three-day slump since June to its best day in nearly three months.

The selling came as the odds lengthen that Congress will deliver more aid to the economy before November’s elections, support that many investors say is crucial after federal unemployment benefits and other stimulus expired. Partisan disagreements on Capitol Hill have kept Congress at a seeming impasse.