MANILA – Asian shares mostly retreated Friday after a rally of technology stocks led by Nvidia and Intel pushed Wall Street to more records.

Japan's Nikkei 225 switched from gains to losses and was down nearly 1.4% to 44,667.88 as of early afternoon, after the Bank of Japan decided to keep its benchmark short-term interest rate unchanged at 0.5%. Data released Friday also showed the country's annual inflation in August slowed to a 10-month low at 2.7%, from 3.1% the previous month.

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In Chinese markets, Hong Kong's Hang Seng index added 0.1% to 26,576.59 while the Shanghai Composite index was down less than 0.1% to 3,830.65. Investors are awaiting a phone call later Friday between President Donald Trump and China's President Xi Jinping on tariffs and finalizing a de

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