China stocks hit a fresh 10-year high on Friday, powered by a rally in AI-related stocks.
The Shanghai Stock Exchange Composite Index rose 1.45 percent to 3,825 points at the close, a new high since August 2015.
The Shenzhen Stock Exchange Component Index also gained 2 percent to 12,166 points.
Domestic AI-related shares led the surge onshore, with the CSI Semiconductor Industry Index jumping 9.52 percent and the CSI Artificial Intelligence Index rising 6.5 percent
The rally gained momentum after reports that Nvidia has asked Foxconn to suspend work on the H20 chip, the most advanced model the US company is currently allowed to sell in China.
In Hong Kong, stocks also performed well on Friday, as tech shares led the gains.
The benchmark Hang Seng Index increased by 234 points, or 0.93 percent to 25,339 points. The market turnover was nearly HK$285 billion.
The Hang Seng Tech Index grew 2.7 percent to 5,647 points.
Semiconductor stocks jumped with Hua Hong Semiconductor (1347) jumping 17.8 percent and Semiconductor Manufacturing International (0981) up by over 10 percent.
