Asian equities were mixed overnight, as Hong Kong posted a gain, South Korea outperformed the region, Japan was off, and Australia underperformed the region.
January Manufacturing PMI met estimates of 49.2 and increased from December s 49, while Non-manufacturing was 50.7, beating estimates of 50.6 and December’s 50.4.
Asia-Pacific markets mostly declined Friday as electric vehicle stocks in the region dropped for a second day, while investors also digested inflation data from Tokyo.
In Japan, the Nikkei 225 dived 485.9 points, or 1.3%, to 35,751.07, after the .
Hong Kong's Hang Seng index surged as much as 2.67% before paring gains on Wednesday, powered by tech stocks as other Asia-Pacific markets mostly fell. The…