Nikkei 225 climbed 1.2 per cent to 42,437.37, S&P/ASX 200 added 0.6 per cent to 8,791.50, Kospi rose 0.2 per cent to 3,192.22, Taiwan climbed 0.7 per cent, while BSE Sensex added 0.6 per cent

Shares in Asia mostly traded higher Thursday after a rally of technology stocks steadied US stock markets and a drop in the dollar made Asian assets more attractive.

Nikkei 225 climbed 1.2 per cent to 42,437.37 while S&P/ASX 200 added 0.6 per cent to 8,791.50. Kospi rose 0.2 per cent to 3,192.22. Taiwan climbed 0.7 per cent while BSE Sensex added 0.6 per cent.

The Chinese markets bucked the trend, with Hang Seng index down 1.1 per cent to 25,006.22. The Shanghai Composite index declined around 2 per cent to 3,738.32 on concerns regulators will intervene amid excessive stock gains and liquidity.

The US’ S&P 500 climbed 0.5 per cent to break the two-day losing slide it had been on since setting its latest all-time high. The Dow Jones Industrial Average slipped 24 points, or 0.1 per cent, and the Nasdaq composite jumped 1 per cent.

Google’s parent company was one of the strongest forces lifting the US market and jumped 9.1 per cent after avoiding some of the worst-case scenarios in its antitrust case.

Also helping to steady stock markets was a calming bond market. A day earlier, yields climbed worldwide on worries about governments’ abilities to repay their growing levels of debt, as well as concerns that US President’s pressure on the country’s central bank to cut short-term interest rates could lead to higher inflation in the long term.

Such worries have pushed investors to demand higher yields before lending money to governments. And when bonds are paying more in interest, investors feel less need to pay high prices for stocks, which are riskier investments.

The US dollar rose to 148.24 Japanese yen, from 148.05 yen. The euro dropped to USD 1.1653 from USD 1.1667.