Asian Markets Mixed as Global Stocks Pull Back from Late 2022 Rally
• Asian shares mostly declined Friday after a mixed finish on Wall Street. Tokyo stocks rose but benchmarks fell in Sydney, Seoul, Hong Kong and Shanghai.
• The U.S. dollar rose to 145.23 Japanese yen from 144.63 yen. The euro fell to $1.0930 from $1.0947.
• Japan's Nikkei 225 added 0.3% to 33,377.42. Hong Kong's Hang Seng shed 0.9% to 16,490.92.
• U.S. stocks have broadly regressed this week after rallying late last year. Critics said the market was due for a breather.
• Traders are betting on more Federal Reserve rate cuts this year than indicated. Stronger economic reports make those predictions less likely.