Asia-Pacific markets gain

Asia-Pacific markets rose on Friday, with investors accessing a fresh round of data for more clues on the health of business activity through the region, reports CNBC.

China's service sector expanded at a slightly faster pace in October, with the Caixin services purchasing managers index at 50.4, just above September's reading of 50.2.

Hong Kong's private sector activity contracted further in October as new business, including that from mainland China continues to fall, according to a survey by S&P Global.

Hong Kong's Hang Seng index strengthened 2.5 per cent in its final hour of trade, while China's CSI 300 rose 0.84 per cent to finish at 3,584.14, snapping a three-day losing streak.

South Korea's Kospi rose 1.08 per cent to close at 2,368.34 while the Kosdaq was up 1.19 per cent, ending at 782.05. Both South Korean indexes notched their third straight day of gains.

In Australia, the S&P/ASX 200 ended 1.14 per cent higher at 6,978.20, while Japan markets were shut for a public holiday.

Wall Street indexes rose on Thursday as Treasury yields fell, with investors betting the Federal Reserve could be done raising rates for 2023.

The Dow Jones Industrial Average ended 1.7 per cent higher, its best day since June. The S&P 500 added 1.89 per cent, the first time the S&P 500 posted back-to-back gains of more than 1 per cent since February.