Tech shares drove gains in Asian and global markets Friday, even as oil prices slipped on strained flows through the Strait of Hormuz and renewed Iran–U.S. attacks.

Shares slipped in Asia and oil prices jumped Thursday as conflict escalated in the Middle East, with Iran and the US launching fresh attacks.

US stocks surged as tech shares rallied 1.7% on US-Iran truce while Bitcoin stayed near $59,700, highlighting a growing divergence between equities and