Asian Markets
Stocks in Asia were up on Friday even though Tokyo's inflation rate hit a 42-year high and came in higher than the Bank of Japan or market analysts and economists had predicted.
- Indian companies controlled by Adani Enterprises are falling after Hindenberg, the short seller that exposed fraud at Nikola, released a report denouncing tax and management irregularities at the conglomerate. Companies within the group fell between 5% and 16.8% on Friday.
- The Hang Seng tech index surged on Friday after tech stocks in China jumped, mirroring gains in other countries earlier this week, when Chinese markets were closed for the Lunar New Year.
- The 10-year bond in Japan surged more than 3% on Friday after official data showed that Tokyo's inflation rate hit 4.3% in January.
| S&P Asia 50 | 5,147.91 | 2.51% |
| Japan (Nikkei 225) | 27,382.56 | 0.07% |
| South Korea (KOSPI) | 2,484.02 | 0.62% |
| China (Hang Seng) | 22,688.90 | 0.54% |
| India (SENSEX) | 59,330.90 | -1.45% |
*Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.