Asian stocks broadly rose on Friday as investors focused on global central banks' actions to tighten monetary policy to curb inflation. The Hang Seng Index in Hong Kong opened up 119 points, or 0.5%, at 24,723 points; South Korea's KOSPI surged 170 points, or 2.54%, to 6,885 points; and the Nikkei Index opened up 545 points, or 0.85%, at 64,681 points. Mainland Chinese stocks also rose, with the Shanghai Composite Index up 0.42% and the ChiNext Index up 1.61%. Falling oil prices improved market sentiment, with Brent crude futures down 1% to $103.77 per barrel. Meanwhile, the 10-year US Treasury yield fell back to 4.936% after breaking above 5%. The Japanese Yen weakened against the US Dollar to 156.23, as the market awaits the Bank of Japan's policy decision later today, which is expected to raise interest rates to a 31-year high.