Some Asia markets regain footing after major lossesReutersSome Asian stocks rebounded on Friday after steep losses in the previous session as strong US economic growth and Apple Inc’s impressive earnings offset some bearishness generated by the US Federal Reserve’s hawkish comments. US stock futures rose in Asia trade with NASDAQ futures up 0.77 percent and S&P 500 e-minis up 0.48 percent after Apple on Thursday reported record sales in the holiday quarter. Tokyo’s benchmark Nikkei 225 rose 2.09 percent to 26,717.34, but lost 2.92 percent from a week earlier. Seoul’s KOSPI increased 1.87 percent to 2,663.34, losing 6.03 percent from a week earlier, while Sydney’s S&P/ASX 200 rose 2.19 percent to 6,988.1, down 2.62 percent on the week. The Shanghai Composite Index declined 0.97 percent to 3,361.44, losing 4.57 percent from a week earlier.

Source: Taipei Times January 29, 2022 20:29 UTC