NANJING, CHINA – JANUARY 31: People purchase lanterns at Nanjing Confucius Temple ahead of the Lantern Festival on January 31, 2023 in Nanjing, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images)
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Stocks in the Asia-Pacific were mixed on Friday after Wall Street’s rally driven by technology stocks. Meta surged 23%, marking its best day since 2013 after seeing a better-than-expected earnings report.
The Nikkei 225 in Japan rose 0.28% and the Topix fell 0.09%. In South Korea, the Kospi also fell 0.06% at the open while the Kosdaq rose fractionally.
The au Jibun Bank Japan Services Purchasing Managers’ Index for January is slated to be published, after four months of readings marking growth.
In Australia, the S&P/ASX 200 rose 0.17% as investors await housing data for December.
China’s Caixin services purchasing managers’ index will be published later in the day. Singapore will release its retail sales for the final month of 2022.
Adani Group founder and chairman Gautam Adani’s net worth fell further overnight, and now sits at #21 on the Bloomberg Billionaires Index. He lost a total of $59.2 billion in net worth year-to-date to $63.1 billion as of Thursday’s market close.