Morningstar has assigned a “Buy” rating to Nio Incorporated with a fair value estimate of $6.80 per share.

Morningstar Equity Research reiterates its “BUY” rating for XPeng Inc.

Argus Research has issued a HOLD rating for Alibaba Group Holding Ltd.

NALCO share price surged by 9 percent in early trading session as China announced policy tightening.

Japan's Nikkei 225 index was trading 0.8 percent higher on Friday. The decline faced by Japanese stocks this week has been mainly due to selling pressure at higher levels.

Li Auto Incorporated Stock was trading 10 percent lower after the company announced quarterly numbers.