SINGAPORE — Asia-Pacific markets rose in early trade on Friday, as Wall Street mostly lifted overnight supported by strong earnings. Alibaba disappointed investors, though, as it failed to meet earnings expectations.

Japan’s Nikkei 225The Topix rose 0.2%, and the Topix went up 0.3% Investors will be watching for a Japanese stimulus package worth $488 billion, which is expected to be announced later in the day. Reuters cites media reports.

South Korea’s Kospi went up by 0.70%. Technology stocks rose, with LG Electronics climbing over 10%. SK Hynix rose around 1%.

Australia’s ASX 200It was also positive, increasing by 0.30%.

After a large sell-off in tech stocks yesterday, investors will pay close attention to Chinese markets Friday. Hang Seng technology index, a Nasdaq-style tech board, fell nearly 3%. The major tech companies saw a sharp decline, AlibabaDropping over 5% with JD and Baidu both falling.

Alibaba will be hosting a Thursday event missed revenue and earnings expectationsThe September quarter was impacted by slowing Chinese economic growth. The company reported revenue of 200.69 Billion Yuan (31.4 Billion), which was lower than the estimated 204.93 Billion yuan, but still an increase of 29% over last year. It reported 11.20 yuan earnings per share, which is lower than 12.36 yuan estimates and an increase of 38% over the previous year.

Alibaba’s U.S.-listed sharesThe Thursday drop in sales was 11.1%

Although markets in the United States were uneven overnight, strong earnings lifted certain indices. The S&P 500 was 0.3% higher to 4,704.54 and the Nasdaq Composite rose 0.5% to 15,993.71. The big Cisco share losses dragging the Dow lower, which was 60 points (or 0.1%)

The S&P 500 fell as much as 0.3% at one point before recovering, after strong earnings from Nvidia, the world’s largest chipmaker by market value, and various retailers. As Nvidia’s positive results raised optimism in the sector, other chipmakers rose too.