Asian markets ended mostly lower on Friday as inflation worries mounted and Russia's invasion of its neighbor Ukraine entered the 16th day. Sentiments were also weak as surging U.S. inflation drove bond yields higher and raised expectations that interest rate hikes will be steeper. Japanese shares slumped after the foreign ministers of Ukraine and Russia failed to reach peace during the highest-level meeting in three weeks of war Thursday. Meanwhile, Chinese and Hong Kong markets were in focus after Chinese stocks in the U.S. plummeted to around 14-year lows amid renewed regulatory concerns.
| Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,309.75 | 13.66 | 0.41 |
| Hang Seng | 20,553.79 | -336.47 | -1.61 |
| Jakarta Composite | 6,922.60 | -1.41 | -0.02 |
| KLSE Composite | 1,568.22 | -12.31 | -0.78 |
| Nikkei 225 | 25,162.78 | -527.62 | -2.05 |
| Straits Times | 3,249.66 | 8.93 | 0.28 |
| KOSPI Composite | 2,661.28 | -19.04 | -0.71 |
| Taiwan Weighted | 17,264.74 | -168.46 | -0.97 |
