Most of Asian markets ended higher on Friday powered by the strong rally in US markets on Thursday as the West imposed retaliatory sanctions on Russia. Russia finally invaded Ukraine, firing missiles at several Ukrainian cities and landing troops on Ukraine's south coast. Several countries, including the U.S. and U.K., Australian and Japan have already imposed severe sanctions on Russia following the invasion, potentially targeting the country's all-important energy sector. U.S. President Joe Biden said the new sanctions will limit Russia's ability to do business in dollars, euros, pounds and yen, stop Russia's ability to finance and grow their military and impair their ability to compete in high-tech 21st century economy. China's Shanghai Composite Index gained after the People's Bank of China injected 300-billion-yuan worth of liquidity into the banking system, far higher than the 10 billion yuan of expiring loans.
| Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,451.41 | 21.45 | 0.63 |
| Hang Seng | 22,767.18 | -134.38 | -0.59 |
| Jakarta Composite | 6,888.17 | 70.35 | 1.03 |
| KLSE Composite | 1,591.72 | 17.83 | 1.13 |
| Nikkei 225 | 26,476.50 | 505.68 | 1.95 |
| Straits Times | 3,294.47 | 18.41 | 0.56 |
| KOSPI Composite | 2,676.76 | 27.96 | 1.06 |
| Taiwan Weighted | 17,652.18 | 57.63 | 0.33 |
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