Asian shares were mixed on Wednesday, with Chinese markets gaining after Wall Street extended its losses on worries over inflation and tariffs. The rally in Chinese shares was led by gains for technology companies.

In Hong Kong, the Hang Seng gave up 0.6% to 23,196.33, while the Shanghai Composite index edged 0.1% lower, to 3,368.24. Starbucks rose 1.3% after saying it would cut 1,100 corporate jobs and leave several hundred more positions unfilled as new CEO Brian Niccol tries to make it a leaner operation.

U.S. stock indexes are rising Wednesday after a four-day losing streak knocked Wall Street off its all-time high and threw some of its brightest stars into reverse. The S&P 500 was up 0.8% in morning trading.

Shares opened higher in Europe but sagged Tuesday in Asia as worries over U.S.-China trade friction weighed on the outlook for the region. Dramatically shifting transatlantic relations under U.S. President Donald Trump,