Asian Markets Stocks in Asia are up ahead of the Federal Reserve's decision today. The Purchasing Managers' Index in Japan was steady from December to January at 48.9, indicating that factory activity is still declining.; South Korea reported the most significant trade deficit since records started in the 1950s. The country had a trade deficit of $47.5B in 2022; the previous record was a $20.6B deficit in 1996. Sea Limited was down nearly 6% after announcing plans to expand operations in Malaysia.  S&P Asia 50 5,013.16 -1.33% Japan (Nikkei 225) 27,462.34 0.49% South Korea (KOSPI) 2,443.83 0.77% China (Hang Seng) 21,864.77 0.10% India (SENSEX) 59,549.90 0.08% *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.