Asian stock markets close Friday with gains except for India

Sensex suffers 1.45% loss as report about Adani Group trigger selloffs for Indian equities

Major Asian stock markets ended Friday with gains except for India.

The Asia Dow, which includes blue-chip companies in the region, rose 0.72% to 3,571.68.

Tokyo’s Nikkei 225 stock exchange increased 0.07% to close at 27,382.56.

Core consumer prices in Japan’s capital Tokyo surge 4.3% year-on-year in January, more than estimates, nearing a 42-year high.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, rose 0.54% to 22,688.90. points.

The Singapore benchmark index added 0.50% to 3,394.21 points.

The Indian Sensex benchmark,on the other hand, dove 1.45% to 59,330.90, as Adani Group shares triggered selloffs for equities.

After short seller firm Hindenburg Research published this week a report accusing Indian conglomerate Adani Group of fraud, the company has erased more than $50 billion of its market value since Wednesday.

Due to the Lunar New Year holidays, indexes are closed in China throughout the week.


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