SINGAPORE — Markets across Asia-Pacific traded mixed on Wednesday morning, as developments turned the focus on Chinese tech giants and regional energy stocks.

Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after U.S. President Donald Trump signed an executive order banning transactions with eight Chinese software applications. That included WeChat Pay and Ant Group’s Alipay. The order is only set to go into effect after Trump leaves office.

In morning trade, shares of Tencent and Alibaba gained 2.06% and 3.23%, respectively. E-commerce giant JD.com also soared 7.62% while Meituan advanced 2.83%.

Regional energy stocks also surged in Wednesday trade after Saudi Arabia agreed to voluntary production cuts in February and March. In Australia, Beach Energy rose 2.23% and Santos gained 1.42%. Japan’s Inpex also jumped 4.72% and S-Oil in South Korea advanced about 5%. Hong Kong-listed shares of CNOOC rose 3.82%.

Oil prices rose in the morning of Asia trading hours, adding on to robust gains seen Tuesday. International benchmark Brent crude futures gained 0.45% to $53.84 per barrel. U.S. crude futures also advanced 0.2% to $50.03 per barrel.

It was a mixed picture for the broader Asia-Pacific markets.

Mainland Chinese stocks rose in early trade, with the Shanghai composite up about 0.4% while the Shenzhen component gained 0.5%. Hong Kong’s Hang Seng index dipped 0.15%.

In Japan, the Nikkei 225 dipped 0.36% while the Topix index gained 0.16%. South Korea’s Kospi shed 0.14%.

Stocks in Australia slipped in morning trade, with the S&P/ASX 200 down 1.17%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed.

A private survey showed services sector activity in China expanding at a slower pace in December, with the Caixin/Markit services Purchasing Managers’ Index coming in at 56.3. That compared against November’s reading of 57.8.

The 50 level in PMI readings separates expansion from contraction.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.499 as it continues to languish below the 90 level.

The Japanese yen traded at 102.74 per dollar after strengthening yesterday from levels above 102.9 against the greenback. The Australian dollar changed hands at $0.7759 following a rise from levels below $0.768 yesterday.