Asia stocks rise as chips, cyclical gains help offset Ukraine war jitters

Investing.com-- Most Asian stocks rose on Friday, buoyed by strength in chipmaking and cyclical stocks, which helped markets weather heightened tensions over the Russia-Ukraine war.U.S. stock index futures were flat in Asian trade, as risk appetite was battered by heightened tensions between Russia and Ukraine. Moscow launched an advanced hypersonic missile on a Ukrainian facility this week and threatened nuclear retaliation for Kyiv’s use of Western-made, long-range missiles.

Most Asian stocks rose past weak risk appetite on Friday, although they were still nursing some losses for the week.inflation data read slightly higher than expected for October, with underlying inflation rising further above the Bank of Japan’s 2% target. Sticky inflation is likely to invite more rate hikes by the BOJ, with a meeting scheduled for December.), as it tracked strength in Nvidia.

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